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   Gold/Mining/EnergyGeodex Resources - GXM.V (was Agate Bay ABE)


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To: E. Charters who wrote (186)11/16/1999 10:43:00 AM
From: Baywall
   of 210
 
Eric,

I think it borders south of Lake Abitibi, RAND TWP. 8km north of Hwy 101, 30km west of Que. border.

You are correct, the price of the stock is the consensus of what people think about the stock. Charts are objective, unlike promotions. There often is nothing but moose pasture, however many speculate in mining stocks on anticipation of results and also on what is being told about the company truthfully or otherwise.

Increases in stock price naturally draws attention. Higher prices create demand. The best procedure is to wait for price to move and make new highs, then check around. Otherwise the stock could sideways for a long time.

The reason I am encouraged, is not because of the news release which is too vague to make an informed decision, but because they think geophysics, geochemistry and geology are all favorable. Thus the company must explain to brokers why the significance of sampling and observations made on the property are a step beyond a common mineralized outcrop. Only 1 in 5000 such mineralizations turn out to be mines.-Diane Francis pg.21 Bre-X book. Also, the airborne anomalies will have to be shown that they fit into the model accurately, ie; matched with something on the ground.
Otherwise, it is like any other property being peddled by juniors.

Management is secretive. No anomaly sizes were revealed, nor reasons why the property merits attention. There is always a concern in my mind that they think the property is great, but what will others think? That's why I am waiting for a broker's report-knowing that a promotional bias may well exist. Same secrecy with the Mexican properties with favorable results being found.

Going to brokers, etc. who can smell "average property" would be a futile exercise. In this market, an average property will not carry the day. So what's up? Do they feel a good property exists?

I don't know the answers right now, nor can I add anything more if management is tight-lipped. A $C100,000 private placement is in the works for Tyranda, but things change often.

Any price movements above 20cts will signal that something may be brewing or has been said about the company by a brokerage firm or analyst. Up to now, despite acquiring mining properties, the stock price has remained flat. A new property is not enough to move prices, and like was mentioned there are other factors like financing, etc.

The fact that Mr. Marr has a proven record of finding mines for a major firm and that Tyranda's current holder is an experienced geologist, bids well. Two senior geologists with success behind their belts and both agree the property is ok.

Batman, how do we always end up in a moose pasture? That's where the action is robin. Can batman be saved from ruthless promotors? Will robin now get to drive the car?

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To: Baywall who wrote (189)11/16/1999 3:44:00 PM
From: E. Charters
   of 210
 
Well Rand is replete with felsic horizons and has a huge mag anomaly in it. Adjacent Munro has some good geology and has the Potter which the Harrison group is working on and they say it may go to 10,000,000 tons. that copper horizon in there is quite extensive and it has Kidd Creek or Tholeitic-komatiitic geology which is very unusual.

This is the right area to go Elephant hunting in.
Falconbridge also has a 6 million ton 1% copper, 1% zinc deposit in there and not too far away to the south is Sheraton Towship which has Middeltons 2% copper Cross LAke Minerals discovery (part of which I staked for a prospector from Timmins)

If you go further east you run into the giant copper zinc deposits of the Noranda Camp. It was always easier to raise money there so most of the stuff got found on that side of the political line. Similar geology and the same faults run through Ontario (I was going to say Canada) and not too far away from Rand.

mineletter.com

mailto:e_charter@yahoo.com

EC<:-}

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To: GWalker who wrote (179)1/24/2000 4:25:00 PM
From: Baywall
   of 210
 
G.Walker

There is a news release today about high-tech possibilities the company is exploring. The stock price has started to increase.

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To: Baywall who wrote (191)1/24/2000 5:08:00 PM
From: GWalker
   of 210
 
I can't find the release anywhere.

Hope it is the start of something...anything!

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To: GWalker who wrote (192)1/24/2000 9:57:00 PM
From: Shaw
   of 210
 
You can find stuff here: stockhouse.com

I am really encouraged and bot some today. If you read a couple of items on the bull board there you can get an idea what they are looking at. Only a really small float and these types of things have been flying.

Regards

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To: GWalker who wrote (192)1/25/2000 12:06:00 PM
From: Baywall
   of 210
 
G.Walker,

investcom.com has the news. After getting GXM, click on Company News on right margin. It also has direct connections to SEDAR and Silicon Investor. Nice web site.

Negotiations are on with two private high tech companies. Not much details at this time. One has inventions which benefit computer users, while the other involves the media. Both are in early stages of development, but require a public company to get things started.

Have to wait until an agreement emerges. In the meanwhile, Tyranda property will be drilled in the second half of Feb.

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To: GWalker who wrote (192)1/25/2000 4:00:00 PM
From: Baywall
   of 210
 
GWalker,

Page 3 Northern Miner (current issue) GXM has an ad seeking JV partner for a Mexican property. 1.1gms Au. and 17gms silver over 160 meters in chip samples. They have two mining properties and want work done on these to see whether anything exists, while looking at high tech opportunities.

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To: Baywall who wrote (195)1/25/2000 4:05:00 PM
From: GWalker
   of 210
 
I see that you took a nice slice of the PP.

Lot' of irons in the fire now which is a nice change.

I'd written this thing off in my mind a long time ago.

Perhaps an average down is finally in order

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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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To: GWalker who wrote (196)3/14/2000 11:17:00 AM
From: Baywall
   of 210
 
GWalker,

I have used the averaging down technique and now show a profit. This was possible with high tech coming on the scene, which made GXM turnaround a reality. In most circumstances however, care should be taken when averaging down.

For Agate Bay holders whose stock price reached $1.50 in 1996, it would take $6.00 equivalent for GXM to match. (4:1 consolidation)

Should have a news release in the coming weeks. Talked yesterday to Mr. Maris-President, and everything is progressing well.

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