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

To: Greg Ronan who wrote (5253)	8/14/1998 12:08:00 PM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 11603

Greg, <<DONT HAVE ANY MONEY!>> My speculation, they don't have the money that they would have had if IPM was successful. Maxam would now be mining if IPM didn't fail IMO. The funding issue now forces Maxam to conduct a resource audit so that the lender has a bankable resource. A funding consultant told Mr. Runyon that funding will be readily available as soon as the resource audit is complete. The audit is conducted by independent consultants that specialize in banking resources. Mr. Runyon told me he is very confident of future high quality funding for Maxam mine development. One of the press releases says that Maxam has contracted Kilborn International to design and manage construction of the mine. It will just take Maxam a little longer than we originally thought before IPM's failure.

To: Greg Ronan who wrote (5253)	8/14/1998 1:45:00 PM
From: go4it	Read Replies (2) \| Respond to of 11603

Greg, your thinking is extremely inconsiderate of a persons rights to privacy and reflects poor business practices IMO. For one, many of us are not "business men and women" we are investors. Some short term some long term, some private and others not so private. These companies are NOT doing business with their investors since money does not pass hands from one to the other or at least it better not unless a PP is involved. If the desert sands insiders would support a plan to resurrect IPM perhaps it would help them out as well but hey maybe I am barking up the wrong tree here because maybe the insiders of the desert sands companies no longer own any shares of IPM to support the effort with. Who knows? I guess I am just being silly.