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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Larry Brubaker who wrote (34705)2/27/1999 7:43:00 AM
From: Richard Mazzarella  Read Replies (1) of 35569
 
Larry, I didn't say that would happen, but a plausible path. Another path would be to have one or more of the desert dirts show results where BRX would have greater cash value for Phoenix and then sold to a new desert dirt wannabe. I agree there is some value for Maxam shareholders in Maxam not diluting. FWIW, Runyon told me he didn't know that it was "our" Mr. Metals that did the write up. Mr. Metals is an outside contractor to the PR people, they say. Only an innocent could fall into that political mistake IMO. Runyon's argument in going with a PR outfit was an attempt to help shareholder value. Dale was disturbed that every time the company put out good news the stock went down. In hindsight, what I think he overlooked was that the large run-up was in anticipation of early mining, the decline was a general downtrend on that delay, good news only helped people unload. The experimental results of using the PR outfit was that it did nothing except dilute MXAM shares. Oh yeah, Maxam now has a nice write-up, but I or a number of other followers would have done that for them free. Chuca could have done it and Maxam would be $10+ today. <VBG> I believe that MXAM has bottomed and will now appreciate again based on results, watch for the press releases.
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