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

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To: Chuca Marsh who wrote (8406)5/17/1999 6:04:00 PM
From: Ed Devlin  Read Replies (2) of 11603
 
Chuca, you may have jumped a bit too fast. Stay out of the sun, friend. The market was cool (not cool as in groovy) today. A .60 ask would be astonishing tomorrow. Nice, at the end of the day, but... well, astonishing. Now, NEXT Tuesday, maybe.

I'd sure like to see some serious institutional buying, but I think that can't really happen until the price of the stock works its way a lot higher. Some can't buy a stock with less than a $5 share price, and some can't buy into a company with a market cap of less than a certain figure (often $250 million). We got a ways to go.

I'm also looking forward with great interest to a PR or a detailed message on maxamgold.com.

But with Tim Hall buying (I refuse to view this as a negative indicator) and even Claude Cormier seeing some utility to Maxam-type mapping, can spring be far behind. I am really looking forward to that financing money being in the bank.

Stay dry, Chuca, but don't let your fines blow away...

Regards, Ed D>
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