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

To: GlobalMarine who wrote (5218)	8/11/1998 10:44:00 PM
From: go4it	Respond to of 11603

Rand, I hope it is not as bad as all of that. I understand the need for a little artistic license in these jrs. as their funding comes solely from selling shares as they have no product to sell while trying to find enough product in order to sell it. Let me be open for a minute. I guess one of the things that sparked my fire was an E-mail that I received tonight. It was the third one of it's kind by different insiders of the desert dirts telling me that I should not bother trying to save IPM because there was no way I could win. The forces that I had to fight against were too powerful or knowledgable or well connected or godlike creatures or something. Now I don't know if this is being sent to me to depress me or worry me or play head games with me or scare me. What it did do was get me mad. I'm not worried because I have nothing to lose, the US Navy is as good as they are when it comes to head games and this cowboy don't scare. What we have here is a failure to communicate. A failure of understanding that these companies are accountable to it's share holders, we also have the ability here to save IPM and most importantly we have over 150 investors that have lost small fortunes that want nothing more than to have these companies succeed. We also have here either a major part of the problem or a major part of the solution who holds a very large interest in our efforts. I am nothing more than a serf bowing to the grandeur known as the desert dirt companies.

To: GlobalMarine who wrote (5218)	8/11/1998 10:58:00 PM
From: Rosie'sPaw	Read Replies (1) \| Respond to of 11603

Rand, You may be right that the stock price suggests that "something is wrong that isn't being disclosed by the company," but I would point you to the charts of other gold stocks, juniors and majors, to remind us all that we are in the last stages of a bear market in gold and gold stocks. Most of the charts look just as awful as Maxam's. Recent new lows all over the place. And the XAU is going to test the 1986 low any day now! That said, I will also say that I share your dismay with Maxam management's less than forthright and lucid descriptions of what their strategy is. In fact, I find the leap from the P7 mining focus to a pilot plant completely unexplained. If it's a lack of capital, just say so for Christ's sakes. They do obfuscate things, which does not build my confidence. Re the permit: if it was not picked up, it was probably a stalling tactic. I don't really buy Hubbard's explanation that the left hand didn't know what the right hand was doing. It is silly and evasive. I think they just don't have the money to start production testing. They are running on fumes. Regarding the 500 lb. test result: if it was lousy, so what? Run some more. One sample does not a company make. Naxos has a bigger can of worms than that to deal with. Finally, to reiterate, the charts of NM, PDG, ABX, HSM all look lousy, just as those of GPGI, NAXOF, and MXAM do. This gives me perspective and some degree of comfort. I hope it is helpful to you and others on the thread as well. Good luck with your gold investments. The tide will turn in our favor. Clark