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Gold/Mining/Energy : Geodex Resources - GXM.V (was Agate Bay ABE)
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To: GWalker who wrote (196)3/14/2000 11:17:00 AM
From: Baywall  Read Replies (1) 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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