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

To: BobS who wrote (5844)	10/1/1998 12:04:00 PM
From: Richard Mazzarella	Read Replies (2) \| Respond to of 11603

BobS, <<As for BRX, Runyon is the principle (or owner?) of Phoenix.>> No he is not. <<As for satisfying IPM shareholders - it's not Maxam's job.>> IPM shareholders have rights, not to be so easily blown away. Whoever takes over IPM must deal with shareholders in some fashion. IPM shareholders are ready to take over IPM themselves, who do you think is putting up the money to buy Maxam shares? IMO Maxam taking over IPM does two things. It brings both the technology and management necessary to become successful. A win/win for all. While there may be concern about dilution, understand that buying MXAM at $0.10 doesn't bring preferred shares, Custom milling, or Windstar. It's a stripped post dividend share. Maxam increases its book value for very little cost. Think about it.