Geodex Resources - GXM.V (was Agate Bay ABE) Message Board

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Gold/Mining/Energy : Geodex Resources - GXM.V (was Agate Bay ABE)

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To: fivedollar who wrote (151)	6/18/1998 4:25:00 PM
From: Baywall	of 210

Five dollar, Thanks for your input. I have paper losses and thus am attached to this firm. It is no surprise that some bias may have emerged. The losses incurred are painful emotionally. , but all feel this including management. They invested their money with no return yet. To stay away from spec mining stocks is not the answer. The industry is down and high expectations were not satisfied. Busang's ghost still haunts the industry and Canada's tarnished mining image is not helping now. Asia's troubles with their currency and demand for metals also has an influence. I am not hiding Geodex behind the reasons above, but they were influenced also by them. Inmet's leaving was unforeseen as was Busang. Maybe there are other more promising mining firms out there, but losses were felt everwhere. New lows were posted by Inmet, Cyprus, Alcan, and the list of majors is unbelievable. Did their IRs lie? No, but investors have paper loses with them also. Canyon Creek Soup Co. and Resolution Energy Co. are they the answer you seek with guaranteed profits? All firms are speculative to a degree. LVL

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