Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Claude Cormier who wrote (2974)	2/23/1999 8:43:00 AM
From: Karl Zetmeir	Read Replies (2) \| Respond to of 5143

1.) Let's keep in our mind the pilot mentioned in '97 was a "pilot testing plant" not a "pilot plant." At that time, IPM was screwing around with Friendship Metals and that trailer lab. Everyone makes some mistakes ... Friendship Metals was a mistake for IPM and MGAU. 2. "Nothing with it?" Sounds kind of like Manhattan Minerals, Lyon Lake and that other one dredging the rivers. LOL Lots of properties delay production due to POG, financing, assays, partner negotiations, etc. Sinagua has always been characterized as a difficult ore deposit. Mother lodes aren't beans without recovery. 3.) Cinder deposits like Sinagua are nothing new to the major mining companies. They've seen scoria before ... and until someone can not only demonstrate assay capabilities but also a proven recovery method ... they aren't going to get excited. Their loss. Once the recovery is in place and proven ... which MGAU believes it has ... the price ain't the same! 4.) Without a recovery process, there was no need for "3-4 millions." With a stock price in the pennies ... $3 million would have bought 20-30 million shares. For a company that only has 12-13 mil shares fully diluted ... I consider a triple in the number of shares to be a severe dilution! Don't you?