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


To: Steve Huskey who wrote (3143)11/25/1997 11:34:00 PM
From: Richard Mazzarella  Read Replies (2) | Respond to of 11603
 
Steve, <<Seems like the market is always right in the long run.>> Very true, but there can be great variance in the short term. IPM was a disgusting disaster for the desert sands, it just keeps Maxam price lower than it may have been otherwise. The stock price of MXAM is now completely in Maxam's control. Hard work, good drilling results, and demonstration of economic recovery will move the stock to fair value. We again find ourselves in a period of low stock price which is an accumulation opportunity. Something that I will be doing.



To: Steve Huskey who wrote (3143)11/26/1997 12:07:00 AM
From: SnakeInATuxedo  Read Replies (1) | Respond to of 11603
 
<< Seems like the market is always right in the long run. >> It is, but that doesn't mean it can't be as confused in the short-term as any other entity, living or otherwise. Relax; this "run" hasn't even qualified for "short-term" status in the grand scheme of things. In the meantime, enjoy the early Holiday present the market is giving you in the chance to buy MXAM at these prices.



To: Steve Huskey who wrote (3143)11/26/1997 1:57:00 AM
From: GlobalMarine  Respond to of 11603
 
Steve: The biggest bummer, IMO, was when Maxam issued the press release on the $100+ in other metals per ton that could be extracted, which completely changed the projected economics of the whole mine. Even if only some of these metals can be sold, it won't really matter what the price of gold is.

Rand