Word: lothmann
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...Santa Fe Railway opened a small strip mine near by in 1950, and Anaconda Co. began to work the richest U.S. uranium mine 20 miles southeast of Ambrosia Lake. But no one struck it rich in Ambrosia Lake until 1955. Then a young (31) Texan named Louis B. Lothmann came in with a $10,000 grubstake, two years of college geology and a hunch on where to look. He teamed up with Septuagenarian Stella Dysart, an oil wildcatter, who knew every corner of the 72-sq.-mi. area from her 30 unsuccessful years of oil hunting. Using Stella...
Dividends. For the prospectors who uncovered its wealth, Ambrosia Lake has already started to issue dividends. Lou Lothmann sold out his original interest in the Dysart land to Rio de Oro Uranium Mines, Inc. for $200,000 in stock. Stella Dysart sold part of her share to Rio de Oro for $300,000 in stock, still holds a 12?% royalty interest...
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