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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM -- Ignore unavailable to you. Want to Upgrade?

To: Wildcat who wrote (8735)	7/8/1999 9:25:00 AM
From: Richard Mazzarella	Read Replies (2) \| Respond to of 11603

Wildcat, I learned what the delay is about. 1. Maxam insists on the funding source disclosing the source of the money. To this date the funding source has not disclosed the money source. I don't think anybody would be thrilled if the funding came from Columbia. 2. The funding source wants all the collateral put up against the first $10MM draw. Maxam wants to only put up the fractional amount based on the draw. Maxam is protecting our interests. It wouldn't be very smart to lose part of our company to raiders or money launders (my wild ass exaggerated speculation). Maxam has other sources of funding available and work continues, a promise. By a long shot, Maxam isn't in any critical funding situation like it was last year. Don't get spooked or shaken out IMO.