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Gold/Mining/Energy : Amalgamated Exploration Inc (AXPL)

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To: S. Thomas who wrote (53)2/9/1997 12:07:00 PM
From: per strandberg   of 117
 
to all:

I have tried to find some info about the applied patent but nothing yet. It may not be public yet.

However, I found that Mr J.R Jackson was awarded two patents around 1990 related to exploration using the magnetic field from telluric currents.

I grew up in a mining town and as young (30 years ago) I participated in surveys using ULF measurements of telluric currents. The existence and use of telluric fields for explorations is well established, what's new is that Mr J wants to use this technique for oil and gas, which are insulators instead of ores (good conductors). This might work as any deviations from the average conductivity will show up as anomalies.

This seemed too good a deal to be true, but I have not been able to come up with anything indicating a scam. Usually when they start sending out free tips (RedHotStocks) on the web , that's the time to get weary.

Also the charts show normal patterns for volume and price, no last second fixup of the price by MM trading at closing/opening.

I follow this stock with great interest.

ps
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