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


To: GWalker who wrote (196)1/25/2000 4:24:00 PM
From: Baywall  Respond to 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.

LVL



To: GWalker who wrote (196)3/14/2000 11:17:00 AM
From: Baywall  Read Replies (1) | Respond to 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.

LVL



To: GWalker who wrote (196)5/18/2003 6:04:00 PM
From: Baywall  Read Replies (1) | Respond to of 210
 
Took another nice slice of the PP. (3 years later). Hello GWalker, hello?

Now its gold in New Brunswick.

canadaeast.com