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

To: Richard Mazzarella who wrote (5838)	9/30/1998 6:58:00 PM
From: Chuca Marsh	Read Replies (1) \| Respond to of 11603

Speaking about Coyote Peak; here is a URL for the opposite end of the Eagletail Mountains ( northside ) in the Harquahala Plain - D at the Bottom of the scale ( page ) is the Fourth Of July Peak ( our White Rock Claims) and as you can see the inverted "V" is the vent of the volcano causing all types of metamorphism on the trip up and outward thru the several different layers of the GEOLOGY, it's the geology that is IMPORTANT and the travels of paleochannels affected thru time ...so all you Maxam BUYERS...I say read this map and HOLD past ...TOMORROW X Div Date: homepages.infoseek.com Chucaupt2(gold and platinum I am awaiting, also!) P.S.- This is an actual Map of the Fourth of July and all references of many pages mentioned "D" as being such; it is from the offices in Arizona of Nyles Neimouth

To: Richard Mazzarella who wrote (5838)	10/1/1998 10:35:00 AM
From: Larry Brubaker	Read Replies (2) \| Respond to of 11603

<<Larry, what makes you think that property owned by Phoenix would just be given to Maxam?>> Richard, I said I wasn't going to belabor this, but since you asked...<VBG> The way I see it, IPM's sole asset is its right to mine BRX. But since that right is really owned by Phoenix/Omega, IPM really doesn't have any assets (unless there is some secret economic recovery process we don't know about--yeah, right). So I see no point in Maxam offering to "buyout" IPM to acquire its assets AND ITS LIABILITIES, when they simply could acquire its assets from their friends at Phoenix/Omega WITHOUT having to acquire IPM's liabilities. That would seem to be in the better interest of MAXAM's shareholders. Unless, of course, IPM's liabilities are owed to Phoenix/Omega. Then, the way I see this deal is Maxam saying, "OK, we are happy to salvage your IPM investment provided our buddies at Phoenix/Omega are paid $300,000 (or whatever the PP amount is). I guess that would be OK if its clear to the PP investors that their $300,000 to pay off IPM's "creditors" is really going to the pockets of Phoenix/Omega. However, from the sketchy information about the PP available on this thread, it certainly is not clear whether IPM's creditors is Phoenix/Omega. And again, if IPM's "creditors" are not Phoenix/Omega, what is the point of Maxam buying IPM's liabilities when they could simply acquire its assets from Phoenix/Omega.

To: Richard Mazzarella who wrote (5838)	10/1/1998 11:32:00 AM
From: BobS	Read Replies (1) \| Respond to of 11603

<< Besides satisfying the court about IPM debt, the IPM shareholders must also be satisfied.>> Don't agree with that one. IPM created the debt and wasn't able to generate income to pay the debt. It's IPM's problem, not Maxam's. As for satisfying IPM shareholders - it's not Maxam's job. The shareholders took their chance owning IPM and it wound up a bad investment. They lost (as did I, only I took my losses the Monday after Black Friday). As for BRX, Runyon is the principle (or owner?) of Phoenix. IPM's lack of payment for BRX, I asusme, defaults ownership back to Phoenix. If Maxam wants BRX, deal with Phoenix, not with IPM. It is not Maxam's job to save IPM shareholders. The company failed, the shareholders lost. Period. bobs.