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Gold/Mining/Energy : Geodex Resources - GXM.V (was Agate Bay ABE) -- Ignore unavailable to you. Want to Upgrade?

To: Baywall who wrote (45)	11/18/1997 12:21:00 PM
From: Baywall	Read Replies (1) \| Respond to of 210

For Technical Analysts Following Agate Bay. Some positive signs may exist for Agate Bay. On MetaStock v6.5, I see 3 indicators that show "in theory" that accumulation has occurred. 1. William's Accumulation/Distribution indicator; 2. Wilder's RSI-Relative Strength Index; 3. PVT-Price/Volume trend chart. All three show bullish divergences verses Agate's price behaviour A few appeared to "struggle" probably due to financing concerns experienced in 1997. I was pleasantly surprised (Nov.17) that the new partner is expected to be on board as early as the end of November. I still remain confident about Agate Bay based on my talks with Agate Bay's geologists who remain true to the firm's corporate objective: to acquire world class mineral properties in both size and potential. Leonas Labenskas