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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU)
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To: Char who wrote (2367)1/12/1999 5:11:00 PM
From: Richard Mazzarella  Read Replies (2) of 5143
 
Char, thanks for the information. That's sure enough competition. Maybe MGAU is just too thinly traded for the MMs to profit if they narrowed the spread? A point I should make about the last press release that Mike stressed to me was that the report on the J/L assays were for internal MGAU due dilly on the J/L process, not for any resource determination. They simply choose to share those numbers with us which they weren't required to do. MGAU will make a decision on whether to contract with J/L in the next 30 days. I also learned that MGAU expects to gain $200k of marble business from a recent home show, not bad. While I'm personally not turned on by the marble business, the income to advance resource precious metal property development without diluting our shares makes a lot of sense.
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