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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: DetectiveT who wrote (3108)	12/12/2005 5:25:36 PM
From: ogi	Read Replies (2) \| Respond to of 78419

Hi Terry have yet to hear from CGE. Smells like the sulphur that used emanate out of science lab!!ggg Rotten Eggs! Most of what I own have identified something to drill off already and there is lots of room to the upside yet. I have taken stupid hits on several this past year and that is amateurish of me. TK I am riding for free right now. We have the luxury of waiting for assays until this stuff starts to boil. We did not have that in the days of Cartaway!! My only concern with Dej is they are a uranium play but they will be getting performance from the Mississippi gas play in the meantime. If that busts the stock could get hurt hard. So, who owns it for U and who owns it for NG? I would dearly love to see the NG hit!! A little action on EPM today. POG could get it moving faster, otherwise it has got to be very cheap if you can wait 18 mos for 2-4x your money!!! It is almost 6:30 my time. I will try a fast shout to CGE AGAIN. Cheers, Ogi cH

To: DetectiveT who wrote (3108)	12/12/2005 6:35:39 PM
From: ogi	Read Replies (2) \| Respond to of 78419

O.K Terry, Tom et al: I got in touch with Chris, I.R. with Corex. John Carden is currently in Mexico. Let me say that I did not expect to get much other than damage control. That said , Chris himself came across as sincere and unshaken in his belief in the quality of the personnel with CGE. Also, it is fair to say, as financially wounded as any of us. The part about an area with no gold: "The company is encouraged by results in this early phase of exploration and by the strength of the newly discovered mineralized system in an area where gold mineralization was previously unknown. Corex Gold Corp. will continue working on the El Trebol property to further develop and advance the project." As far as we can figure these were step out holes not targeting the "water holes" or the Manto / adit target or the breccias. So, perhaps misleading in the NR but the "altered " intersections were from exploratory step outs where there was not corresponding gold from work on the ground, as there was everywhere else. They do believe the altered section represents a strong target. They still have a million in the bank and they will drill Trebol again but not until sometime post January. Possibly IP to be done first etc. Why we failed to hit anything I will have to ask Mr. Carden at a later date. No answer today. They did basically twin one of the water holes and they targeted the Manto, where from inside the Manto, they found the 29 g/t sample in the floor of that adit. So, if the sample was below what was mined and they put a drill right through it, where was the gold ? we do not know. I don't want to be drilling Mantos actually, to tough to follow and find them, too expensive. It was the bulk tonnage possibilities that the water holes displayed that got me in. Zurich, was to expand their investor base and expose the company to solid money. Also, explore the pros and cons of a listing in Frankfurt. If they had a big hit in the drills maybe a financing while there but they will not finance at these prices. They feel postive about the interest they are getting from Europe. Committed shareholders there. There will be some news as a result of that trip in the next 1-2 weeks. No clue what that might be, just that it is connected. I questioned Chris regarding the share structure and discussed the slide in the share price. He was surprised by how much negativity there was regarding the turnaround time on the assays. I do agree and have stated before that there was nothing odd there. Fast? No. Unusually slow? Absolutely not. There does not appear to be really cheap paper in circulation that might have explained the selling that came soon after the drills started. The very first financing was done a long time ago at .15. those people then participated in subsequent .50 and .60 cent financings.I emphasized how stunningly bad the results looked considering the price performance. That CGE has a credibility issue it must address in future but I have not found a logic to explain the selling as a benefit to insiders. I hope to speak with John Carden when he is back in the office sometime after Dec 21. Meantime, CGE will remain under pressure for a while. Record your losses for the Gov't or average down and hang in. There is time for both it all depends on what you see as the best use of your cash. Hope this helps and I have not forgotten much. Cheers, Ogi heading home soon.