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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM

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To: d:oug who wrote (7456)3/3/1999 8:17:00 AM
From: Richard Mazzarella  Read Replies (2) of 11603
 
****** Off Topic ******

Doug,

<<gpgi stand was that hard>>

As soon as a company won't answer non proprietary questions, it's time for the door. My analysis of the GPGI assays reported is that they are from Hassy, a resource where recovery is a demonstrated failure. If they were from Global's other properties, reporting that fact would have the stock explode, something they would love to do. I think they got a few suckers, or at least promoters, read Ed. The other issue is that those assays don't say head ore, but screened head ore. Maxam's drill hole A1 (head ore 1 OPT) would be at least 4 OPT "screened head ore", maybe more. Those numbers reported by GPGI were just for the hype, not in context with status or progress, they shout desperate. They could have reported included inquarts for all we know. I'm also still not certain that Global can do accurate assays based on past reporting. Not answering my questions infers the worst, not the best. I may not be the smartest guy in the world, but I still have integrity and won't stand for blatant manipulation. I wouldn't be surprised to see GPGI SEC halted for numbers kiting or the Jensen's stock rip-off. Of course I could be wrong, but IMO the GPGI risk/reward ratio has changed significantly.
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