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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera! -- Ignore unavailable to you. Want to Upgrade?

To: M. M. Jones who wrote (3202)	3/31/1998 7:32:00 PM
From: Gerald Underwood	Read Replies (1) \| Respond to of 4736

Duh, Why would UPR sign any agreement with NAMX if they truely did not want NAMX to operate on their tract of land? And how would NAMX threaten UPR's profits by bringing in another resource of raw material for UPR's benefit as well as NAMX? This just is not a plausible scenario. You are really stretching for this one IMO. Gerry

To: M. M. Jones who wrote (3202)	4/1/1998 7:33:00 AM
From: Sidney Reilly	Read Replies (1) \| Respond to of 4736

MM, The press release doesn't make sense to me. They say their credit rating has suffered but why would that be a reason to unload a profitable venture. UPR has a huge stake in the gas business, not just Colorodo and the deal with NAE. I would think they would also have difficulty not fulfilling their obligations in their agreement with Praxair and the joint venture with the helium liquification plant. That would also go to UPR's credibility. It could be a complex situation. I have wondered in the past if the shares that went to Tridon were a "poison pill" (protection against a takeover of the company). Now I wonder what will happen to those shares and how long the shorters will be around. This news has been a windfall to the shorters. And as with everything they have done at critical times there is a reason here to as they were getting squeezed by the investors calling in their certificates. It would be too naive to think there is just one reason for this decline, it's more like a feeding frenzy with many interests all chewing on the same prey. Bob