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

To: Richard Mazzarella who wrote (6073)	10/13/1998 7:52:00 PM
From: go4it	Read Replies (1) \| Respond to of 11603

Richard, No one cares about mining stocks today, at least not many individuals. The ones that did and could have believed in the changes of the mining industry have been burnt so badly that they either won't or can't invest in these companies any longer. One of the big things that moved IPM and gave it a valient fight against the shorting effort were the institutions that bought into the stock. Of course history has shown how easy it was for Furlong and Doyle to run that stock into the ground. At these levels we may see fairly impressive % gains but high supported stock prices are going to have to come from a balance sheet that shows positive cash flow or institutional investment or a combination of both. Look at it from this perspective and tell me what you think. Maxam releases news that they have convinced BLM to issue all needed permits and COC has shown that the recovery process works on large scale bulk testing. Ok, that is what everyone is waiting for but now they need to know the economics and Zeev being the master of creation will have to come over and bless the process. A process of which we can only guess at because it will be propriatary information and regardless of anything he will prove it doesn't work. It will take at least half a year to ramp up to any kind of meaningful production. Who is going to be investing in the company while this happens to drive the stock price up? Maxam needs heavy support and that is not going to happen at these levels IMO. Perhaps the POG would help if it went up but I don't see that happening any time soon either unfortunately. Thoughts?

To: Richard Mazzarella who wrote (6073)	10/13/1998 8:27:00 PM
From: d:oug	Read Replies (2) \| Respond to of 11603

Richard, seems so obvious to me why mxam share price dropped today on good news. Think who wants it to drop. The shorts. These shorts we pro-Maxam currently holding shareholders all know a couple simple facts about the shorts, that they can't be trusted, that they lie, that they will smile and look you straight in the eyes and tell us all that the advise they are giving to us will help us, at the same time they are chanting to themselves "you suckers". We mxam shareholders put our money where our mouth is. Shorts like wl wants us to put our money where HIS mouth is. wl, the shorter, tells us to dump mxam so that we will obtain a percentage return on our investment, but we know that his purpose is to drive down the price, closest to zero the better, for the shorter wl. JACK (he who is a wearer of many hats) should have warned wl that this math of approaching zero but never ever reaching it is not an area easily absorbed, even by those of most capabile. But we of Maxam need not go to that place, all we need to calculate is at grade school level of multiplication number shares times the whole number price_to_soon_be_per_share. These fractions, as I seem to remember Anne on the ipmcf thread once complained to be a newcents, will not be of notice. If its 25.2 or 25.7, no biggie of a diff. Easy math, the area under the curve can be calculated in the head, no pencil and paper. but, wl will fall into that black hole and approach zero worth as he didn't cover the hole but waited for us to all dump mxam and save him. But we did not, and soon wl will be WL = Without Liquidity and soon wl will change his name to ws = Withering Short. wl said he went fishing not true wl was here fishing hoping to catch us as fish the fish called "suckers" Where was wl today. simple He borrowed $2,000 from his mother/brother/xgirlfriend and located another shorter that happened to have mxam shares, and they said the plan is for us to tank mxam with a buy/sell of this $2,000 and those shares to be moved. Smoke and mirrors. Phoney stock move. Holders of mxam will hold. Many mxam holders low on cash or doing a wait and see if this is really true. Waiting for the check in the mail to Maxam for selling precious metals. Another hic-up possible. Anything possible. Even the long awaited pot of gold with other precious metals mixed in. Doug