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

To: Char who wrote (8422)	5/18/1999 8:38:00 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 11603

Char, I'm just guessing here, but I think they made the decision to go with this funding source only recently. I know there was expectation for an income producing division to provide income for Maxam's development plans. A major corporation beat Maxam to that acquisition. Dale had a few other funding opportunities working. He has worked very hard to minimize the risk and maximize potential for shareholders (remember who's the largest shareholder). I think it finally came down to shit or get off the pot. Mine or fold, with folding not an option. IMO the company is now scurrying to put together their business plan based on the new funding agreements, thus the confusion. These are nice problems, much better than last year's. <VBG>