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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: hank2010 who wrote (124746)	7/22/2008 11:11:45 AM
From: Michael Mc Donough	Read Replies (2) \| Respond to of 313921

RE GXS I think the market has already discounted hole 4 being a dud. (I have). Not sure what the sense was of drilling further south another 1000 meters after the first miss. (I'm still confused by this program as I believed they were first twinning the two initial holes..this would have allowed some time for the play to develop to mid Aug). The hole to the NW will be key for Wescan as that appears to be in their neck of the woods. The initial belief was the seam ran south east (as per their scheduled drill holes. That obviously may change) Have a look at houses 124 and 81. They appear to me to be the key. They were in early and were selling last couple of weeks heavier than most. If they reappear on the buy over the next couple of weeks that could bode well. Interesting the biggest buyers last two days are big banks, Gundy, BNS, RBC Td and our friend Anon.

To: hank2010 who wrote (124746)	7/22/2008 1:27:54 PM
From: Proud Deplorable	Read Replies (1) \| Respond to of 313921

I'm not convinced they are, rather some neuro muscular problems so my doc is sending me for an MRI ...one of these days (I live in BC which is worse than death). There's a new GXS machine or something they want to put me in for tests ha ha ha. Anyway better to have stress than something organic.

To: hank2010 who wrote (124746)	7/22/2008 2:36:30 PM
From: Nevada9999	Read Replies (2) \| Respond to of 313921

I haven't given up on GXS, but sold 60% of my shares yesterday for about $6 because this market has been so harsh and stocks tend to go down more rather than less. I will buy back at lower prices or maybe higher, the jury is still out. Drilling from the widely spaced drill sites permitted for diamond targets is making this an ultra volatile play. Drilling is usually humbling even with smaller step outs. It sounds like the coal seam is partially eroded to the south and is at the base of the unconsolidated over burden. This is not all bad, because stripping will be easier. There was about 40m of Cretaceous mudstone above the seam in the original holes. I don't know why they moved even farther south, maybe hoping it would roll over and dip downward again. Regional geologic maps indicate broad SW plunging folds in the area. It also sounds like there will be an uneven erosion surface below the seam based on what EC has posted. That makes sense. This and the folding are going to make this a crap shoot while this very wide spaced drilling continues. I don't believe a 20 something meter coal seam will thin rapidly in all directions, but the volatility here may be huge. People will need to pick buy points very carefully. So much for the perfect storm. Rough value of this play may not be apparent until winter drilling with a lot more sites permitted. I still think it will be big.