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

To: Paunch who wrote (8976)	10/11/1999 6:34:00 PM
From: Richard Mazzarella	Read Replies (3) \| Respond to of 11603

Paunch, <<that they had their funding>> I think this new bit of technology may help encourage closing the funding. Simple direct low cost recovery can't hurt.

To: Paunch who wrote (8976)	10/11/1999 11:07:00 PM
From: Richard Mazzarella	Respond to of 11603

Paunch, <<had their funding>> I learned a little more about the issues of the $30MM funding. There is good reason that Maxam is being careful when it said it requires to know the funding source. Seems that common practice for mine funding is feed-through financing through many banks. It's difficult to know the actual source of money. Interesting was the fact that the Bank of New York (the one identified by the NY Times with a Russian connection) is involved in the funding discussions. I can't think of a faster way to kill a company than for a company to get involved in something shady. That deal isn't dead, but progress is slow as the details are being unraveled. Notice that Runyon talked in the press release of several avenues for funding being approached. I think we will see success, either direct funding or by JV. I hope both.