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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: Anthony Zack who wrote (8166)5/6/1999 7:28:00 PM
From: Richard Mazzarella  Read Replies (1) of 11603
 
Anthony, <<Can't we hype the stock>> We can, but Dale won't. He's in this business to build a mine, not mine stock. He would like to see higher stock prices just like us, he is the major shareholder. However, he won't intentionally say anything that doesn't advance company credibility for its mining goals. Short term gains that turn sour later helps nobody, but TA traders and ultimately hurts the longer term investors. The gold values are underreported because of some of the sampling methods used. I expect when everything is straightened out we will see higher gold values like the company has reported in the past. Dale had to report the data presented to him, he had no choice. I have reason to believe that the gold data is bogus, the gold was significantly underreported, my speculation. We will have to wait for Dale to finish his analysis of the current work and I know he will inform us ASAP.
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