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.

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

To: Chuca Marsh who wrote (8143)	5/3/1999 11:16:00 PM
From: Alan Vennix	Read Replies (1) \| Respond to of 11603

DESERT DIRT INDEX VALUES AS OF APR 30, 1999: NOTE 1: For the year of 1999 through April 30, MGAU's stock price is up by 397%, MXAM is up 113%, NAXOF is + 31%, GPGI is -2% and CHIP is -22%. For the month of April, MGAU was up 27%, NAXOF was +12%, CHIP -9%, GPGI -23% and MXAM -27%. A basket of the five stocks is up approximately 100-150% on the year, depending on the particular indice. (Keep in mind, of course, the disastrous year 1998 and that this assumes a fresh investment on Jan 1, 1999 without accounting for the 1998 losses.) NOTE 2: DD NEWS - GPGI announced assay results on April 5 for 5 samples from the Hassayampa, Oro Grande and Weaver Creek areas. Grades averaged nearly 8 oz/T (total) for gold and PGM's. MGAU announced on April 5 that they had recovered 1.73 oz gold from the 1 ton sample of Sinagua ore using the J/L process, and on April 21 announced that they had received a check from the refiner for the gold in the 1 ton sample. MXAM announced results on April 15 for COC assays on 2 of the 10 holes drilled earlier this year at their Peoria properties. Equivalent gold grades (gold and PGM's) averaged 0.15 oz/T, which management believed to be economic to extract. Retesting is proceeding at another lab and the results from the other 8 wells are yet to be received. NAXOF announced on April 6 that they had received an injunction prohibiting the dissident shareholder group from calling a special meeting and, further on April 28, that they had reached agreement with the dissident group to share Board leadership. (Details of the AGM on April 30 are in a May 3 PR.) Additional details on the DDI are at: Message 9300829