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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: Ed Devlin who wrote (7353)2/26/1999 11:48:00 AM
From: Richard Mazzarella  Read Replies (3) of 11603
 
Ed, I just got off the phone with Mr. Runyon and I have a little information. Dale understands and appreciates shareholder's interest is learning about the drilling assays as soon as possible. As reported in the press release, the COC is expected to take 2 months. The company doesn't have any control over that timing. However, Maxam is due COC splits where Maxam will be doing its own internal and external lab assays. Remember my previous speculation about their AA machine being revved up? As soon as Maxam is comfortable about the validity of their assays and testing, they will report results as available. That won't be tomorrow, but sooner than the COC results IMO. Another little piece of information I learned was that the 500k sell at $0.18 wasn't Maxam's. Under the current circumstances I think that Maxam won't be selling any shares cheap. IMO why waste shares when conventional high quality funding will follow the COC results.
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