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Gold/Mining/Energy : Geodex Resources - GXM.V (was Agate Bay ABE) -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (186)11/16/1999 10:43:00 AM
From: Baywall  Read Replies (1) | Respond to of 210

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?