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Gold/Mining/Energy : Geodex Resources - GXM.V (was Agate Bay ABE)
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To: fivedollar who wrote (156)6/22/1998 12:33:00 PM
From: Baywall   of 210
 
Five Dollar,

Thanks for Redell Mining example. Could you provide us with a good example of an ideal firm to invest in. This may save future investors a lot of money and grief. Investing for fundamental reasons sounds prudent. Royal Bank stock etc. maybe.

I am not going to hide behind Busang or the price of copper. The junior spec market is dangerous at the best of times. But what evidence is there of deliberately misleading shareholders by mgm't?
Maybe I missed something.

Can't blame analysts, at least initially, as the sell off occurred well before any buy recommendations were issued.

Whisper campaign? Rumours are naturally attractive vehicles to go after, well before any news release. Speculators were caught on rumours.

Technically, it was a sell well before Oct3/96. The private placement of May 1996 was sold conveniently before prices fell. A reverse divergence in a few indicators proved itself accurate. When a security takes on a rapid advance in price and goes sideways on heavy volume, caution should be taken in such an event. Pg.50 The Investing Edge Booklet.

In hindsight, all analysts, despite being aware of no financing and that dilution would revise NPV share values downward, still issued buy recommendations.

You will not phone management, yet this was the case in the past. Ok, I will respect your action, but not because management is accused of lying.

The best in your future investments.

LVL

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