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Gold/Mining/Energy : ORXX - Orex Gold Mines Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Chuca Marsh who wrote (61)	8/1/1999 1:12:00 AM
From: Ga Bard	Read Replies (1) \| Respond to of 2392

Chuca .. the following post are questions I have received ... Now I do not mind questions so I will give my personal opinion to answer these questions. SOme could assist in giving answers or correcting me if I am wrong. but can anyone tell me why this stock fell from about $8 to $2 in or around May/June. I would have to refer to the historical trading log to answer this. Message 10734288 Now according to this post the stock came up from 1.75 on 3/18/99 to a high of $7.81 on 5/28/99. SO according to the math I always use that is a 6 dollar difference so a natural course would be for the stock to pull back to $4.75 which it did on 6/4/99 However because the float was so small it fell even further like to $1.75 and closed at $4.25 on that Friday afternoon. Now on Monday morning 6/7/99 before noon the comany made a news release and stated the following. The Company also states that there has not been any news or event of either an adverse or positive nature to account for the recent volatility in its stock price. It is believed that this market activity is strictly due to excessive shorting and subsequent repurchasing of Orex shares and has no correlation to any material elements of the Company. The volume suddenly spiked and the price rose to over $5.25 but closed at $4.50. From there the stock fell on tiny volume. Why because there was no float and selling ro shorting which the MMs took full advantage of to say the least. I fell back to it original floor of around 2 dollars and met serious resistance. the volume increase on no news or anything so I believe it was shareholders averaging down since the low for the year was $1.75. This went on 6/22/99 till 7/13/99 where great news came out but the buying seem to stop though the volume again reduced and it fell below the all time low. On 7/21/99 a Tuesday at a 1 dollar it met with more resistance but the selling shorting over came that also. ON 7/23/99 it met more resistance and even more the 24th with the news but it is continued down far below the all time low. Until the gap up I saw on 7/28/99 from .34 to .68 on a 5000 share order. The rest is history and the bvolume has been increasing. NOw a couple of things of interest here. Please note in the stock structure ... Message 10747073 there is 500K in the company hands which are the captured shares from A PR firm. Plus they are after another 250K from another PR firm that sold into the market. From around the first of June which would account for the drop. Now the company has stated there has only been 1.6M on the DTC reports and the ADP reports. The main reason they knew this to be true is because the large shareholders I believe pulled their stock certificates. ON or about 7/23/99 one of the large shareholders deposited 1.1M into a broker account. This would account for the increase in volume and selling. Now after talking witht he Transfer Agetn who is a contractor of the company they would only give me very little information. Which was the outstanding. other than that I would need a fax or something from the company so I called Warren. He immediately made the conference call and I not Warren spoke to Mathew at Mamouth Stock CO. in NJ. I was told the stock structure as I have posted it figure for figure. ALso the DTC report shows on 1.6M in broker account as of 7/16/99. I was informed the increase in shares outstanding was becuase of some shares that were being held in an escrow account that were released last week. Now I had to prove the company was not selling shares the nbest way I could so I asked for the certs of the consults and friends of the company. SInce they are out money from the $4.00 range and higher ... not to mention the averaging down, it would be in their best interest to fax the company as B/W verification that the company had not been selling shares into the market. As per the post on the summary most of that has been proven and faxed to SHell Searcher. I will get the faxes also Monday. Now one of the large shareholders stated that the DTC would show 2.7M instead of 1.6M this report. I call Warren and he tracked that to another large shareholder who stated they had not sold the stock and would pull it immediately. I also questioned the short position of the canadians. I know shorting exists but this one is getting ridiculous. Suddenly I saw 100K shares sell and the 15000 blokcs and 7000 blocks then 5000 blocks. I called Warren who let me listen in to a MM and they told Warren the orders were coming out of Canada. I asked if this 1.1M was a shareholder in Canada? I was informed no. I call one of the consultants and was told this is a problem with the USA and Canada ... they do not have to follow the rules of the US and they do not need stock in someone else's account to short against. They can just have at it. This basically confirmed everything I was told by the company the MM and the consultant. Now I have been on line too long so I went searching for the shorts. With this kind of resistance in the volume the nays would be out in force. I found the internet bashing pool... guess where it is? You got it the good old RB thread. Wonder why they do not come on SI and flame this stock? COuld it be they would have to expose themselves and their ID could be discovered? Anyway that is just one of the questions and I have given my honest opinion. Everyone is going to have to decide for themselves. GB

To: Chuca Marsh who wrote (61)	8/1/1999 1:42:00 AM
From: Ga Bard	Read Replies (1) \| Respond to of 2392

Here is a NEW analysis of the historical daily trading log for review and consideratrion. Please offer your opinion on the trading. date close high low vol(H) 7/30/99 0.45 0.65 0.375 1,229,800 Accum.& Resist.News 7/29/99 0.46 0.688 0.375 706,000 Accum.& Resist. 7/28/99 0.34 0.49 0.34 218,900 Accum.& Resist. 7/27/99 0.49 0.56 0.48 190,500 Resistance 7/26/99 0.56 0.75 0.53 208,800 Resist.& NEWS 7/23/99 0.75 0.88 0.66 151,200 Resistance 7/22/99 0.88 1.03 0.75 61,900 7/21/99 0.88 1.06 0.88 17,400 7/20/99 1 1.38 0.88 159,700 Resistance 7/19/99 1.13 1.88 1.09 88,800 7/16/99 1.88 1.88 1.44 25,400 7/15/99 1.88 2.13 1.75 40,900 7/14/99 2.13 3 1.75 82,900 7/13/99 2.88 2.88 1.75 84,200 NEWS 7/12/99 2.13 2.88 1.88 58,300 7/9/99 2 2.25 1.88 14,300 7/8/99 2 2.38 2 57,300 7/7/99 2.38 2.88 2.13 66,700 7/6/99 2.75 3 2.5 34,600 7/2/99 2.16 2.59 2.16 151,600 Resistance 7/1/99 2.41 2.5 2.41 2,500 6/30/99 2.44 3 2.34 44,400 6/29/99 2.69 2.88 2.25 115,700 Resistance 6/28/99 2.75 3 2.5 5,700 6/25/99 3 3.56 2.63 14,600 6/24/99 3.44 4 3.13 70,600 6/23/99 3.03 3.05 2.38 22,000 6/22/99 2.25 2.75 2.25 9,700 6/21/99 2.38 2.69 1.75 36,900 6/18/99 2.75 3.25 2.25 19,200 6/17/99 2.75 2.75 2.5 13,000 6/16/99 2.5 2.88 2.13 44,800 6/15/99 2.06 3.28 2 44,400Mining Stock Newsletter 6/14/99 2.63 3.06 2.5 20,200 6/11/99 3 3.13 3 15,200 6/10/99 3.13 3.38 2.94 4,500 6/9/99 3.25 3.38 2.88 25,000 6/8/99 3.25 4.63 2.88 83,500 6/7/99 4.5 5.25 3.88 173,100 Resist.& NEWS 6/4/99 4.25 7.53 1.75 120,000 Retraction on tiny volume 6/3/99 7.56 7.75 7.56 68,400 6/2/99 7.56 7.75 7.31 31,100 6/1/99 7.31 7.56 7.25 17,900 5/28/99 7.5 7.81 7.5 167,000 Resistance 5/27/99 7.47 7.75 7.47 124,100 Resistance 5/26/99 7.66 7.66 7.44 199,400 Resistance 5/25/99 7.5 7.66 7.38 40,300 5/24/99 7.25 7.63 7.25 13,300 Fin. Sen. Invest Opin. 5/21/99 7.38 7.5 7.25 253,100 Resistance 5/20/99 7.22 7.25 7.22 13,500 5/19/99 7.25 7.47 7.25 289,800 Resist. & NEWS 5/18/99 7.28 7.63 7.25 33,400 5/17/99 7.63 7.63 7.38 18,000 5/14/99 7.38 7.63 7.28 37,700 5/13/99 7.38 7.56 7.25 37,900 5/12/99 7.38 7.5 7.13 68,100 5/11/99 7.06 7.25 6.69 25,400 5/10/99 6.72 6.75 6.44 72,600 5/7/99 6.56 6.75 6.44 26,300 5/6/99 6.44 6.69 6.44 54,400 5/5/99 6.44 6.5 6.44 13,200 5/4/99 6.5 6.5 6.25 28,900 5/3/99 6.38 6.5 6.25 18,200 4/30/99 6.31 6.5 6.13 98,300 4/29/99 6.06 6.28 6.06 229,000 Resistance 4/28/99 6.25 6.38 6 75,900 4/27/99 6.25 6.25 6 50,600 4/26/99 5.75 6.19 5.75 28,500 4/23/99 5.81 6 5.75 8,200 4/22/99 5.88 6 5.81 18,000 4/21/99 5.75 5.88 5.75 15,200 4/20/99 5.75 5.75 5.5 19,600 4/19/99 5.69 5.69 5.06 39,900 Business Week Article 4/16/99 5.75 5.88 5.75 18,500 4/15/99 6 6 5.47 305,700 Double Out 4/14/99 5.94 5.94 5.72 42,100 4/13/99 5.78 5.81 5.63 28,600 4/12/99 5.81 5.81 5.5 117,000 Resistance 4/9/99 5.5 5.75 5.5 94,100 4/8/99 5.75 5.75 5.53 37,200 4/7/99 5.41 5.56 5.38 94,900 4/6/99 5.44 5.5 5.44 7,700 4/5/99 5.53 5.56 5.44 16,500 4/1/99 5.44 5.56 5 88,800 3/31/99 5 5 4.88 20,000 3/30/99 5 5 4.88 16,800 NEWS 3/29/99 5 5.13 4.88 51,300 3/26/99 4.63 5.25 3.75 157,700 3/25/99 3.31 3.88 3.25 143,400 Retract New Floor 3/24/99 3.09 3.75 3 116,800 NEWS 3/23/99 3.38 5.5 2.38 44,700 Double Out 3/22/99 3.38 4.5 2.88 58,600 3/19/99 3 4 3 21,100 3/18/99 3.25 3.25 1.75 42,200 :-) GB

To: Chuca Marsh who wrote (61)	8/1/1999 1:58:00 AM
From: Ga Bard	Respond to of 2392

Summary of key SI posts on DD for reveiw and consideration ... The Part of the Article in Business Week of April 19, 1999 is in the header of the SI thread Created on May 21, 1999 By Goldloaded Subject 28465 On May 24, 1999 Financial Sentinel Investment Opinion Message 10746548 The Mining Stock Newsletter of July 15, 1999 (had to OCR it from a fax) Message 10737176 Note: Unable to get the slated time of this appearance on CNBC. Orex's Website (Note: the press releases have not bee updated as of yet ) orexgold.com Yahoo News biz.yahoo.com Stock structure ... Message 10747073 Historical Time line ... Message 10763009 An opinion of the fall of this stock ... Message 10762486 President of the Western Mining Association Posts on ORXX Message 10756717 MAP ... Message 10719565 Silicia related posts ... Message 10754723 More as good DD is posted. Feel Free to copy and paste this post updated as new DD is published. :-) GB

To: Chuca Marsh who wrote (61)	8/1/1999 2:28:00 AM
From: Ga Bard	Respond to of 2392

More questions and my opinion only... Is there a transfer Agent? Yes there is ... I talked to Mathew personally ... Mamouth Stock Company in NJ ... Are you aware of an article in the "Mining Stock Digest' (April '99) No but I will try to locate it and get a fax on it. I will then OCR it and post it. Do you know where the company's charter is registered? No, but I will ask for a copy of the registration to be faxed to me. I believe I was told by the consultant it was a Delaware company that was registered this year sometime but I cannot rememeber the month. I believe it was a lucky mines or something like that and when it reverse merged into the MMDL shell it changed the ticker to ORXX and the company name to Orex also. I will get what I can on this. I do not see the importance of this because in order for NAIB to come on as a MM the 15c211 being filled out by the company would have to have all this information on it. Do you know the stock that will be issued for this acquistion closing soon? Yes ... I was informed 10M shares at an aggregate of $30,000,000.00 for an ANMSC of $3.00 a share restricted for 2 years. Have you spoken with one of the JV companies? Yes, I talked to a Person named Gordon and the Due Diligence is in fact done I was told. Again the gold is not the key but the silica. Look folks I have only been DDing this one for a few days and I am not a company IR or rep in anyway. Greg or Warren would be happy to answer your questions. Now I do not mind but do not take my word for anything DO YOUR OWN DD PLEASE! This thread is just a starting piont for your DD. But like always, I am prepared to stand behind every post I make. :-) GB