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Gold/Mining/Energy : MXR MAXIMUM RESOURCES INC. (VSE:MXR) UP?
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To: I_C_Deadpeople who wrote (110)3/16/1997 10:29:00 AM
From: James Berg   of 751
 
<1. Has LFOC been halted because of this Chile deal?> No. It has not yet begun trading. It is a new company that bought out an old company that was no longer trading but still had the NASDAQ listing. <2. If MXR has no other properties, cash, etc. what was the reason they were able to get in on this deal assuming it is as good as it looks? Would not the other 2 players want to keep it to themselves? Or are they just trying to split up the development costs?> I have wondered this myself. Apparently Ian Dow, formerly of MXR, had a lot to do with getting the deals in the first place. I'm sure he still wants MXR to do well and perhaps that is the reason. Also, Mr. Gordon House (the head geologist in the Mina Claudia Project) was assigned to the board of MXR. That is the point where I bought my stock knowing that with the right people involved, MXR would do well. MXR is responsible for 25% of the pre-commercial-production development costs in order to get the 20% working interest. <3. I noticed that Merle Goertz seems to be involved in some way with this play as well as NPA> Merle lives in Vancouver and has much experience in the mining industry. He is not the villian that the short-sellers and others paint him to be. Over the last 6 months I have grown to trust him. He is honest and forthright in my opinion. Early on, a group of NPEC investors including myself and Merle found out that Maximum Resources was to be one of the partners in the Mina Claudia project. Merle, myself, and others saw the potential of this project and chose to invest in MXR. He has no other association that I know of with MXR except as an investor. --James
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