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

To: Richard Mazzarella who wrote (5269)	8/14/1998 7:09:00 PM
From: Chuca Marsh	Read Replies (2) \| Respond to of 11603

Al Hubbard said the selling was overwith this week. ( Tuesday ) and that was because the market turned it south when the 504/or is it 503 shares filing of ONE ,million were sould way under 100,000 of them a couple months ago. Management decided that the SHs didn't deserve any undo pressure on theshare price. They tried and as of Tuesday, they stopped selling OVER 900,000 that they refused to sell off. Does that seem like a problem or a benifit to shareholders? I say thank you Mr Maxam. Whomever you are. The filling that expired was for ONE million. Chuca

To: Richard Mazzarella who wrote (5269)	8/14/1998 7:16:00 PM
From: GlobalMarine	Respond to of 11603

Richard: No, I don't know that for a fact. I'm just illustrating the cash crunch that we know the company to be in presently and one method of financing payment of expenses. If memory serves, the company has issued some 500,000 shares of stock to pay for consultants' expenses thus far. I don't know the issuance price, but supposing it was, say, $0.20 to $0.30, that's over $100,000 in total. Therefore, there's a reasonable chance, IMO, that the $50,000 in BLM fees will be financed in the same manner on account of the amount involved.