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


To: Richard Mazzarella who wrote (5434)8/24/1998 10:54:00 AM
From: Larry Brubaker  Read Replies (1) | Respond to of 11603
 
Richard: "One or two issues."

The one issue that did it for me was spending funds to build a pilot plant, and then apparently abandoning that plant. Makes absolutely no sense for a company with precious few funds to begin with. Their explanation seems for why seems a little hollow to me. Have yet to see an explanation that makes sense.

The other continuing issue I have is that the stock price reflected this situation long before most of us had any clue. I bought even though the stock was weak because I was expecting some results from that plant to turn around the stock price. Then they announce the plant isn't even going to be used only after this event was pretty much fully reflected in the stock price.



To: Richard Mazzarella who wrote (5434)8/24/1998 7:40:00 PM
From: d:oug  Read Replies (1) | Respond to of 11603
 
Richard, you lost focus of the single and simple question being asked:
= Mr. Dale Runyon's creditability to shareholdes.
Your position is that he can be trusted,
so numbers from him onto the Maxam Web Site are correct,
and present an accurate picture of Maxam to shareholders.
Interpretation ofcourse rests with the reader,
and the reader can honestly or not, distort the facts.
But no threader here can modify the source = web site.
Its now Mr. Runyon turn(move).
Us posting is like waiting for the cows to come home from the fields,
but them there cows were sold last week and ain't there to return.
Mr. Runyon not having a current FAQ on the web site or a Maxam Company
representitive on this thread results in you (Richard) and Rand being
the source for the numbers that have not been released.
Doug