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Gold/Mining/Energy : Geodex Resources - GXM.V (was Agate Bay ABE)
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To: j.oil who wrote (25)5/28/1997 4:13:00 PM
From: keith massey   of 210
 
Had to answer my own questions:
Called the IR person at ABE today.

1. ABE has money in the bank to do the drilling. They will spend $3 mill this year drilling. Inmet will pay for the first installment for the option agreement of $2 million.

2. The option agreement is in the final stages. The president of inmet , agate and cyrus are meeting this friday to iron out the final details.

3. Drills are on site and will start within 48 hours of the option agreement being signed.

4. Look for a Kaiser alert shortly after the agreement is signed. This alone will boost the stock. Maybe buy low sell high news letter also.

Best Regards
KEITH
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