Samex Mining | OTC:BB - SMXMF | Canada - V.SXG Message Board

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Gold/Mining/Energy : Samex Mining | OTC:BB - SMXMF | Canada - V.SXG

SMXMF 0.0001000

0.0%

Sep 10 5:00 PM EST

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To: Gary Gwynn who wrote (108)	3/4/1997 7:55:00 PM
From: Gary Gwynn	of 539

This is my ? to & reply from the IG Market Pulse BBS concerning the selling: V.SXG Samex Mining Haven't seen any news to explain it & am wondering if you have any ideas or opinions concerning the steady drop of SXG by a pretty hefty percent over the last few days? Thought they were pretty much on track unless something's happened that I don't know about yet (of course, I'm always one of the last one hundred or so to know!). Any comment or update on SXG by the IG would be appreciated by myself & other investors...Thanx RESPONSE: We still follow SXG closely even though the company has been quiet lately. We called Jeff Dahl today and he confirmed that drilling is ongoing on both their Santa Isabel and Walter Projects in Bolivia. The drills are turning or will be turning shortly. There have been unusual delays due to very excessive rain, even considering the season for the area. Everything is set now and SXG should respond accordingly when results start to be anticipated. Samex will be represented at the mining conference in Toronto soon and also the bigger mining show in Miami later. SXG has been stuck between $2.10 and $2.60 for about three months, except for the past few days selloff. Probably a few impatient sellers, followed by the usual "I better sell my 500 shares because it's down a dime" crowd. We expect to see SXG quickly tuck back into its trading range again and move higher when closer to results. Also, SXG should soon receive senior board status on the VSE. We expect to write more about SXG again when drilling steps up into high gear.

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