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

To: d:oug who wrote (6872)	12/15/1998 11:59:00 PM
From: d:oug	Read Replies (2) \| Respond to of 11603

To IPM Shareholders: To me, if the Maxam+IPM merger goes thru, then in my opinion this will result in current ipmcf shares to be converted into Maxam's mxam stock, at a set ratio. I'am not in the loop, and I do not have a need to know, and with my trust in those in the making of this activity, my wondering and curiosity is easy to put on ice and wait, knowing that without this event happening, the debt of IPM far exceeded any left over IPM stuff, so ipmcf shareholders get zero. I brought IPM ipmcf stock for the first time 10 months ago, and have been an SI member for 9 months now, and it seems like 9 years. Those that brought into IPM years ago, I can only imagine that it might feel so long ago, that maby its memory of a life prior to the present. I have a suggestion, and I have made this months ago when the pledge getting activity was started. Those that put in a lot of their personal time, have also spend their own money to get this activity to the present point of the merger events. I did suggest that they log the hours spend, and if their work results in the shareholders claiming a value more than the zero expected for the value of their shares, that not so much a collect, but each shareholder, in private, like a secret vote, with no list published, contact those that put in time and money, and send a check of an amount decided completely by the sender. A simple method, which I would like to see, is for each shareholder to send one dollar to Chuca [Marsh], and after the mailman stops with letters, then Chuca, who knows whos they are, will collect from each their input stating their each time, money and importance. If the amount received by Chuca is too much, then to me its ok if someone gets more out than put in, since they could have lost all put in if their work did not get results. One dollar + envelope + stamp = US $1.37 Medium cappatino at Starbucks. I have not passed these thoughts by Chuca, so hopefully he don't get mad at me for using him as the collector. Doug

To: d:oug who wrote (6872)	12/16/1998 8:30:00 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 11603

Doug, <<anything you spoke to Dale>> Let me assure you that Runyon is much much better than most penny CEOs understanding what is insider information and not divulging. Many the time I have asked a question from him and he says "sorry Richard, but that would be inside information" and then he answers broadly only based on what is public knowledge. IMO Chuca, Paunch and I expect drilling very soon based on the company's last press release and Runyon's comment to us about not telling us the date because he doesn't want ANYONE interfering with the COC drilling. I sometimes get the feeling that investors think that investors that call the company often somehow know more than those that don't. Concerning Maxam, that may be true for a more complete understanding about information already public, but not for anything more than that. It also lets one measure the credibility, honesty, of management, but even there I have been snookered in the past by other CEOs. I assure you that you can call more often than me if you choose, Dale would be happy to talk to you I'm sure. I actually find calling management a weakness of mine since I add "nice honest guy" to my investment equation which is always a mistake investing.

To: d:oug who wrote (6872)	12/16/1998 8:51:00 AM
From: Paunch	Respond to of 11603

Doug, I have nothing to do with Maxam other than like most on this thread I an a share holder of Maxam stock, therefore anything that I post is simply my own opinion and has nothing to do with insider information. I search for information the same as all share holders should do, so if any wants to know what is happening with Maxam , call Dale , he will tell you anything that he can. Dale is in no way going to release insider information to anyone. I know we are all waiting for the COC to happen, hopefully it will happen soon. Paunch