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

To: Richard Mazzarella who wrote (5356)	8/18/1998 9:27:00 PM
From: Larry Brubaker	Read Replies (2) \| Respond to of 11603

Richard: Sorry to pile on, but I voted with my feet today. Too much mumbo jumbo from Maxam these days, not enough results. Hate taking a loss, but so be it.

To: Richard Mazzarella who wrote (5356)	8/18/1998 9:31:00 PM
From: Chuca Marsh	Read Replies (3) \| Respond to of 11603

<<..the 73 square miles...>> I think of Maxam as TEN ( Decimal ) times that size. One square mile is 640 acres ( 5,280 feet by same). There largest claim is 213 claims each claim about 640 acres so one quarter is 25% of 213 - Voila, 60ish Square Miles. Just in the Big Valley. RM, hope yourdecimals are off. There are 456 total claims @ 160 acres each that is ...115 Sq Miles by my figures, unless you know something we do not. Chuca PS- Your investment just grew by 33% and a third percent, no problem gang. Wish I could do it to the stock price! PPS- JV, I will go re read, anyone else see the typo on the MONEY Phrasing! <<..Let me assure the shareholders, and the public, that this is an accurate assessment...>>Gots to be a not or a IN in the word phrases with the CONTEX of the initial Adverb..thoughts? Assuredly not stressed to us shareholdrers- So what else is new! We knew they were tight, or is this asking for help and JV folks to notice them? Maybe a reverse logic that may pay us off? Maybe, just thread speculation. Watch someone buy next to us claimers now! Ha.Sorry to joke on the utter absurdity of talking typos, but if they PROOVE to us then this talk is no thing but a bad dream. Scrape: <<.. (Operating) Speculation has been addressed by several Maxam Gold Corporation watchers that funds for operations may be a limiting factor. Let me assure the shareholders, and the public, that this is an accurate assessment. As announced at the Annual General Meeting of Shareholders, Maxam's relied upon funding source failed to materialize causing a shortage of needed capital for continuing to proceed at the targeted pace announced. It was also announced that other sources of funding for operations were being explored and they continue to be explored today. (Funding) We are informed that there are foreign financial resources available for good mining projects. A financial consultant with whom we have spoken has provided three references where financial funding has been achieved within the past eighteen months for mining projects. Banking companies and other financial sources require a "Mine Reserve Audit" and a "Bankable Feasibility Study". These documents will require a commitment of approximately $ 500,000 and nine months to complete. The total funding request will be in the range of $ 20 million to $ 30 million, as determined by the ore body audit and the feasibility study. (Joint Venture Considerations) Maxam management, after months of analyzing positive and negative effects to the company, has made the decision to consider opportunities of entering into discussions with financially viable companies who may have interest and expertise in areas of mining and milling that would benefit Maxam and its quest for full and profitable production. Maxam would retain rights to manage and control the leaching phase of operations. Although too early to determine levels of interest any company(s) may have, this decision provides Maxam management the ability to negotiate with interested companies. Technical References on Web Site Shareholders who are knowledgeable with mining technology have requested copies of some of the detailed geological and geochemical findings on the analyzed properties. As a result, Maxam has posted two additional areas on the Maxam Web Site labeled-"Area Geology", and -"Area Geo-Chemistry". Other additions will be posted over several weeks commencing August 24...>> PPPS- Month ago PT talk: <<..Here is a rock that has almost economic gold in it from a mile or so from Maxam Property. There was sand all around it. Did the sand come from the rock? Breakdown and decomposition. auctionbuy.com Then, Chuck posts this on Platinum..good readings... auctionbuy.com ..>> auctionbuy.com

To: Richard Mazzarella who wrote (5356)	8/18/1998 9:48:00 PM
From: Rosie'sPaw	Respond to of 11603

Richard, You hit the nail on the head. Economic extraction is the crux. Are you listening Maxam??? Put this on your "War Room" wall: IT'S THE ECONOMIC EXTRACTION, STUPID!!! Credibility is not served by forming a spin-off company called Maxam Custom Milling when you cannot recover metals from your own ore in bulk testing. Keep the damn shares of MCM you want to give us shareholders. What a sick, twisted, insult to our intelligence! When governments get in trouble, they print more money and issue more debt. We are seeing how well that works with the mess in Asia, and the US debt will come to haunt us as well. But companies cannot get away with this. They do not have the fiat power that governments have. Printing more stock (preferred or otherwise) in response to financial distress is dilution, not a solution (oh jesus, Jesse Jackson just entered my body!). Rand was right. The stock price does reflect real problems with the company, not just the general gold stock market tone as I had suggested in earlier posts. My hat is off to you, Rand. And Doug, I hope Maxam does pay heed to the posts on this thread, as you suggested. Our ideas cannot be any wackier than theirs. Finally, it appears to me, and I could be dead wrong, that gold and gold stocks might be near a turning point. The daily and weekly charts of gold futures and the XAU show a declining wedge formation. That is usually bullish. If the dollar weakens against the yen, as some think is imminent, gold prices in US dollar terms will climb. We will see. A better tone in the general metals market will be more friendly to junior miners, as speculators will smell profits and move in our direction. It is the only hope I see for the stock price of this horribly mismanaged company, which is doing its best to earn the appellation MaxScam, IMO.

To: Richard Mazzarella who wrote (5356)	8/18/1998 10:31:00 PM
From: GlobalMarine	Read Replies (2) \| Respond to of 11603

Richard: It's not a simple administrative problem. BLM won't issue mining permits to Maxam currently because it questions whether there are in fact precious metals on the property (after all, this is a new form of mineralization, so they want proof). By the same token, they are concerned about the possibility that a scam is being perpetrated. Since public land is involved, BLM must act in the public's best interest and won't allow such land to be so disturbed unless the proposed mining activity is legitimate.