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Gold/Mining/Energy : Geodex Resources - GXM.V (was Agate Bay ABE)
GXM 0.130+4.0%Nov 3 5:00 PM EST

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To: GWalker who wrote (196)1/25/2000 4:24:00 PM
From: Baywall   of 210
 
GWalker,

It appears that I am a significant shareholder now. I averaged down to where breakeven point is within range. Why I held on over past 3 years, besides trying to get out at a profit, I felt that the mining industry would turn around faster. Now I realize that must go with the flow. We have witnessed many juniors changing over to high tech and internet. Also seen their prices go up in majority of cases. I believe GXM will be no different if the proposals are good revenue producers. I still don't know what the two private companies have to offer in terms of future profits. Like the news release says, more info will be given as time passes. In the meantime, Geodex is open to any other proposals. They have a tight share structure with insiders holding a bundle and no debt. Less than 6 million o/s shares and little worry about principals unloading their shares. Myself, I am holding tight to my holdings. All this will make for a price sensitive stock, what we all prefer to have.

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