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

To: John Flaherty who wrote (4409)	5/18/1998 11:39:00 PM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 11603

John, IPM is just short of belly up and the stock price shows it. IPM always promised high recovery, but only showed low assay. Does the Maxam COC suggest anything to you? Runyon of Maxam sold IPM its property through his private company Phoenix. Maxam doesn't need IPM, but all these desert sands have a lot in common. What you learn about one can be speculation for the others. I see that Charles is getting a good handle on it. The idea in making money in these stocks is buy low, sell high, and if anything over the last two years has taught me anything, don't love any of them.