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

To: Zeev Hed who wrote (5588)	9/6/1998 12:18:00 PM
From: Larry Brubaker	Read Replies (3) \| Respond to of 11603

Zeev: Supposedly around 46 million shares outstanding, but no SEC filings so it is impossible to know with certainty. They did do one SEC filing almost a year ago when they were still planning on issuing warrants to shareholders. At that time, MXAM had negative working capital. MXAM has historically raised money via loans from Phoenix (a private company, Runyon is a principal). The Phoenix money came from IPM. I suspect the Phoenix well has run dry, because MXAM has recently issued new shares to pay consultants. The current story is quite muddled. First it was 1,000 tpd production by April 98. Then it was 10 tpd production at a pilot plant. Then the 10tpd pilot plant production was abandoned because of something to do with the inability to secure an air quality permit. They appear to be abandoning the very same pilot plant which was only completed in June. At the same time, COC results came out poorly, explained as they chose a bad sample. Not sure what the next steps are, but they don't appear to involve a scale-up to production size tests. More drilling and testing lab-sized samples. Also, they have problems securing an occupancy permit from the BLM. It seems the BLM doesn't believe MXAM has sufficient evidence that it has an orebody worth digging holes in the desert for. They are holding a special shareholders meeting soon to authorize 60 million preferred shares (without saying what the rights and priveleges of the preferred shares will be) and a poison pill (without saying what the terms of the poison pill will be). Does that help?

To: Zeev Hed who wrote (5588)	9/6/1998 12:32:00 PM
From: Richard Mazzarella	Read Replies (3) \| Respond to of 11603

Zeev, <<What is the current story?>> The failure of IPM killed off the funding that was expected to allow completion of the Peoria mine site. The inability of the company to create cash flow (production) without conventional funding is the main cause for current stock weakness IMO. The company is now in the process of determining the highest grade area on Peoria to drill a bankable audited resource for BLM mining permits and conventional funding to finish the mine. There have been other temporary setbacks (Mr. Murphy), but very well understood as explained to me by the company. Their new technology for paleo-channel desert sand precious metal mapping (like finding veins in hard rock) is outstanding, check out the Maxam webpage for the new technology issues and the last few press releases to see the dividends being issued to Maxam shareholders of record 10/01/98. I want to take advantage in this temporary weakness to acquire more shares cheap so I hope you will understand that I'm not terribly interested in juicing the dialog up much at this time. Bottom line is that I believe Maxam extremely undervalued. I know that you will rely on your TA so you should be able to catch the next wave, good surfing. PS, MXAM <46MM shares

To: Zeev Hed who wrote (5588)	9/9/1998 11:30:00 PM
From: Bob Jagow	Respond to of 11603

They need chuka's NewTech, Zeev. ---------------------------------------------------- RESEARCHERS DRAW A BEAD ON TOXIC WASTE HUNGRY MOLECULES INHABITING PORES IN MINUSCULE CERAMIC beads could soon be cleaning up vast amounts of contaminated soil and water. Researchers at the Energy Dept.'s Pacific Northwest National Laboratory (PNL) in Richland, Wash., believe the beads may be the best pollution fighter yet. Ounce for ounce, the ceramic beads can gobble up more mercury or lead than anything else, says PNL scientist Jun Liu. It's hard to imagine, he explains, but a tablespoon sprinkled on a hazardous-waste site would act like a ''sponge'' with a surface area as big as a football field. And the molecules can be tailored for industrial chores, such as extracting precious metals from wastewater at mines and metal-finishing plants. The technology is called SAMMS--for self-assembled monolayers on mesoporous supports. The drawing shows a hexagonal section of porous surface. In the closeup on top, a molecule with oxygen, carbon, and hydrogen atoms (red, gray, and white, respectively) ends in a thiol group (yellow) that has latched onto a mercury ion (blue). PNL is working with Mobil Corp., which developed the process that stuffs the ceramic pores with molecules. And 3M is working on ways to embed beads in conventional membrane filters. Next year, PNL expects to launch SAMMS demonstration projects for metal finishing and mining. EDITED BY OTIS PORT ---------------------------------------------------------- businessweek.com@@XGtkqGQA9*tKpwEA/premium/37/b3595136.htm 'SAMMS' is so "NewTech" that a Dogpile search yields nada ;) DrBob