Maxam Gold Corp. OBB:MXAM Message Board

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

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To: Char who wrote (8504)	5/25/1999 10:52:00 AM
From: Alan Vennix	Read Replies (2) of 11603

Char, I found Dale's message somewhat confusing. He evidently wrote it April 30 (at least it's dated then) and subsequent events may have modified some of what he said. I think he should have posted an updated Chairman's Letter, or at least an addenda to it. e.g., he says in the letter: "The board subsequently authorized pursuance of an overseas financing opportunity. This source requires a Mine Reserve Audit and upon completion, a feasibility study." Does this mean the audit and feasibility study have to be completed before they can gain access to the financing? Seems at odds with his later PR which infers access to $10MM by end June. Your question on what needs to be done to get to 1000 T/D and why 18 mos is also a good one. I don't think this Chairman's Letter will have an effect on the stock, at least not a positive one. He needs to get out a PR with their current plans. JMO. Alan PS - 27,500 shares traded now, all sells at 0.24.......

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