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Gold/Mining/Energy : Brex Exploration Inc. (M.BX) -- Ignore unavailable to you. Want to Upgrade?

To: tiloup who wrote (85)	4/21/1998 9:48:00 AM
From: joe minten	Respond to of 134

Hello Norman, To be honest, I do not know when payment is due. I suspect, because of the MIQ/K deal, things are on hold(including payments) until everything is sorted out. The original deal called for $500K for 50% of POD. I also believe that they had two years to put up the money(I could be wrong on the timing - I'll go back through the NR's). There are two things that make me comfortable with this scenario. 1-why would BX pay any money, when they do not even know what % they'll end up with? And 2- there are many officers of BX who are also officers of MIQ. They have a very close relationship with MIQ, and presumably also with "mother Ariel". I think that BX will end up with something. The fact that they HAVE paid 20% of their obligation causes me to think they will get at least that(20%). and the silence continues... joe