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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU) -- Ignore unavailable to you. Want to Upgrade?

To: Richard Mazzarella who wrote (4207)	6/15/1999 11:21:00 AM
From: mark silvers	Read Replies (2) \| Respond to of 5143

Richard, Do you remember what the new extension deadline is for the warrants? Mark

To: Richard Mazzarella who wrote (4207)	6/15/1999 11:33:00 AM
From: Alan Vennix	Read Replies (3) \| Respond to of 5143

I agree with you, Richard. I think the sell-off late last week was triggered by the pending PR on "no refinery news" and there shouldn't be much more selling now. Those that sold over 1 may be looking to buy back in soon for some extra shares - sell 10,000 at 1.25 and buy back 12,500 at 1...not a bad deal if you can work it. A little refinery news or some dore' assays or checks for refined dore' will go a long way to increasing the stock price. If you take the PR and President's Letter at face value, they have been processing about 7 T/D (if the 42 T in a 6 day week is actual tonnage and not just the rate for 1 hour or one day) and the concentrate is rich in PGM's (again, if the assay they reported is representative of the concentrate as a whole and not just a single "best" sample.) Maybe part of Dr. Johnson's charge, in addition to upping the throughput to 10 T/D, is to figure out how to recover PGM's in addition to the gold and silver - seems the dore' bar only had a trace of PGM's. They didn't report whether the concentrate had more PGMs other than gold and silver, just gave a total for the PGM's in the concentrate and then related it back to the 1.5+ oz Au/T of head ore. WOuld have liked to have seen the actual assay of the concentrate. Keep buying - I would do the same but I'm out of cash and don't have anything else to sell right now. Alan