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

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To: Joseph LEE who wrote (109)5/8/1998 12:26:00 PM
From: Baywall   of 210
 
The two geologists under contract are in addition to the three full-time geologists.

Often after rollbacks the price will drop. In Geodex's case, the price has not dropped below Agate's previous low. The increase in price sensitivity may convince new investors that if prices are to rise, they will do so faster than was possible with Agate. The capacity to absorb overhead supply may concern some investors.

The best of luck to the geologists and all investors.

Leonas Labenskas

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