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Gold/Mining/Energy : Geodex Resources - GXM.V (was Agate Bay ABE)
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To: Baywall who wrote (155)6/20/1998 10:24:00 PM
From: fivedollar  Read Replies (2) of 210
 
Leonas,

Your repsonse is typical of a very emotional shareholder and that's okay.

I realize that their are circumstances to every situation including those relating to Agate Bay, Chimbrazzo and Inmet. I am aware that not everything works out for all companies regardless of the industry they are involved in. It is just that it happens 10 times more often in the spec mining game. Coincidence? I personally don't think so.

Busang is not the reason Inmet walked away from Chimbrazzo, don't blame that fraud on Agate Bay's problems. Blame Agate Bay's problems on Agate Bay's management. Don't blame the price of copper either. When it comes to mining and the exploration stage and the time it takes to bring a property into production lets be realistic.

Have you ever taken a look at the insider reports going back to 1996 when the stock was around the $1.30 range?

Look Leonas, I am not going to get into a pissing contest with you over this stock. My reason for posting on this thread was to make a point to future investors in the spec mining game. That is to be very cautious and do your homework especially on the management of the company. There are so many people that buy shares in a company because someone else says they should. How about buying shares in a company for fundamental reasons. That they have something of value, whether a hard asset or management alone.

For old time sake I will not call the company again. I unfortunately did that one too many times. I got my boots filled with BS one too many times from management. As I mentioned before they are liars, it is that simple. Again, this does not mean that they cannot run the stock again. New shareholders, hype, promotion.....anything can happen. I wish you all the best with this gamble.

If you and any other readers have the chance look up the last news release on Redell Mining. You will find it very good reading.
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