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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU) -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (2623)	2/5/1999 4:29:00 AM
From: Char	Read Replies (1) \| Respond to of 5143

Claude >Keep in mind that it is only $170K that traded this stock today... For a property that looks higher grade than Argentina Gold's Veladero and has the size as well...it is a very pale number when compare to the several millions that went daily into ARP a few weeks ago.< Claude, keep in mind the PR came out after the market closed. Lets see what today brings. There is only three million shares in the float so if we trade several million dollars in one day that means the entire float will turn over at these prices. Char

To: Claude Cormier who wrote (2623)	2/5/1999 5:10:00 AM
From: Karl Zetmeir	Read Replies (1) \| Respond to of 5143

Recently, the Canadian Exchanges issued guidelines regarding new "safety checks" proposed by the Canadian Exchanges to assure another Bre-X fiasco doesn't happen. Message 7614152 I read it closely to see if they were going to require the disclosure of labs doing the assays. That point wasn't there ... just some type of ombudsman (QP) who was supposed to look over the NR for accuracy at a certain level and accreditation standards for the labs involved. I asked a friend last night how difficult they thought it would be to engage 10-15 people in an illegal complicity ... scam if you will. I guess I'm naive ... like my friend, I couldn't come up with more than one or two and very unlikely that! Not saying it doesn't happen ... especially when there is a LOT of moolah at stake ... just that the larger the group of people exposed to the situation ... the larger the probability of major leakage of the scam. I'd think we would begin to hear from someone close to MG ... someone with factual inside knowledge ... what a scam this is by now if it were going to come out. This ain't exactly the jungles of BFE ... this has freeway access and a pay phone closeby. <<-- also waiting and watching and filtering cheap shots as possible

To: Claude Cormier who wrote (2623)	2/5/1999 8:08:00 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 5143

Claude, <<the story will remain hard to believe>> Probably. IMO MGAU doesn't have the money to do a conventional resource determination at this time. It seems they will leverage themselves through production, maybe even generate enough funding for future conventional recourse development. While a definite risk, people can believe or not, invest or not. COC hasn't been a panacea for these mineralizations. 3 desert dirt companies have already been stung with screwed up big name COCs, 2 where the COCs were overstated.