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

To: go4it who wrote (6912)	12/20/1998 1:40:00 PM
From: Bruce McGaughey	Respond to of 11603

The big gap in Jan '97 was the 5% annual div (in the form of a 21/20 split). They've given this out every year from '87. I inherited these shares. They've been in my family for a couple of generations. OLDB is a bank in Evansville, Ind. The shares are tightly held and there are not too many out there. Most shares are held in the DRIP program. When there is a dividend, the share price goes up because there are even more shares taken off the table. A 0.23 div was just awarded last week and there will be another 5% div going out in two weeks. They have 119 branches in 3 states and Toyota just opened a plant in their area a couple of years ago, so you know the area will prosper. They're the dominant bank in the area and a take-over candidate. I've begun a thread on OLDB here on SI. So far, I'm the only poster.