Amalgamated Exploration Inc (AXPL) Message Board

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Gold/Mining/Energy : Amalgamated Exploration Inc (AXPL)

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To: JB Wings who wrote (82)	3/10/1997 3:12:00 PM
From: S. Thomas	of 117

It would be nice to compare the technologies, especially when enough data accummulate on how well each has fared on the field in predicting drilling success. On the other hand, comparisons of stock prices are more difficult. Does IMMM have any assets besides this technology? They have 3 times the number of shares outstanding as AXPL and the initial post on one of the IMMM threads indicates the reality of lots of stock options etc. waiting in the wings to be exercised when the price moves up. I also like the technical shape of the price/volume history of AXPL better. IMMM has been in a trading range around $1. AXPL crawled up from 4 to around $6 when the redhot recommendation sent it to $16. It was trending up even before that. There seems to be fairly decent support (for now) at the current price levels. In the absence of further developments, it might try $14 again and fail, but the overall risk for the moment seems limited. One more thing. At the current levels of capitalization and price, which do you think is likely to get off the pink sheets first? A lot of people (and in general, I belong to this group) avoid pink sheet stocks, like the plague.

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