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


To: Tim Davies who wrote (3902)5/27/1999 9:32:00 PM
From: Char  Read Replies (1) | Respond to of 5143
 
Tim, From the May 10 PR.

>MG is acquiring the necessary equipment to increase production to 100 tons per day at a projected cost of $100 per ounce with a completion target date of June 30, 1999. The company has set the goal of achieving one thousand tons per day by the end of 1999 or early 2000 with the projected cost of recovery at $70 per ounce. <

Char



To: Tim Davies who wrote (3902)5/27/1999 10:39:00 PM
From: Joe Hartenbower  Read Replies (2) | Respond to of 5143
 
Tim >>what is the time frame<<

What's amazing for me is that this is the first stock I've owned that I wasn't checking the price each day. In fact, I've gone over a week. I'm just not in a hurry. Everything that's really good seems to happen one at a time and that's been what MGAU has been doing. The worst is when you are all excited (usually because they are pumping) when they are drilling, the stock is going up and then the news (good or bad) and the bottom drops out.

This is a see it and then feel good type situation versus a hear it and feel good. Want to see the other side, check out MAN. There you feel good when you read good words because after three years of accumulating land (Copper and misc.), they are just now drilling and finding out what they really have. Then they will have to wait until it's mined to see any money. Here you can wait till you see the money in a few months and then feel good about something real.

Relax and enjoy,

Joe