Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Joseph LEE who wrote (148)	6/18/1998 12:01:00 PM
From: Baywall	Read Replies (2) \| Respond to of 210

Joseph, I have copied and will now begin to read all that was posted. Are you by any chance a mutual fund manager? Mr. Maris told me that he did contribute funds to cover ongoing expenses. This confirms message #140. Someone else must be phoning the company also. Bit by bit things are moving forward despite the difficult mining environment. Some firms are using 90 cents normalized long-term price for copper to project future earnings. Up to this year $1.00 was used. Some adjustments to NPV analysis will have to be made. I am still looking at my charts, which are still holding true. See canada.bigcharts.com Use interactive feature. LVL

To: Joseph LEE who wrote (148)	6/19/1998 10:38:00 AM
From: Baywall	Respond to of 210

Joseph and others interested in Chimborazo: Some past comments on this project. A.Russ Cranswick of Brink Hudson (Dec.19/96) "The hot and cold reception by the market to this new venture could be attributed to what was perceived as an expensive deal and the depressed copper prices at the time of its announcement. However, we believe that this project is an excellent opportunity for Agate Bay. Outlook on copper is improving. The real challenge is whether the company can raise the US $3 million required to finance the pre-feasibility study without undue dilution. We continue to rate Agate as a buy." B.John Kaiser (Dec.96) "The upside for Agate is the potential that the deposit will be worth much more than the $3-4 NPV per share implied by Behre Dolbear's cash flow model. Agate still has to raise over $3 million, but that should be doable in the new year." C.Agate Bay shareholder information circular (Jan9/97) "Reception to the project has been good and the company does not anticipate any problems regarding financing. Although the copper price is presently stable and consumptions projections are good, the copper price may still dip for a few years later this decade." D. Andrew Muir-Canaccord Capital (Nov.13/96) "Agate Bay have put themselves in a middle of a potentially huge SX/EW copper project in Chile. At 65 cents per share, Agate Bay is trading far below comparative values of other junior companies with similar copper assets." The above statements were made in the past with the knowledge at that time. For now, some investors may feel there is a chance of acquiring Chimborazo. They should be allowed their opinion; this is a speculative stock after all. Some properties have been found and financing for these must still be arranged. I don't know the nature of these or whether they are the answer to all who wish to breakeven on this stock. Al Stewart of Canaccord Capital is analyzing the properties. LVL

To: Joseph LEE who wrote (148)	6/22/1998 1:08:00 PM
From: Baywall	Respond to of 210

Joseph, There is one more report by Kaiser which I will post later. Others on this thread are upset at having lost money in the market. Most accuse manangement of lying. Although many statements were forward looking in nature, there is no evidence of lying. Those who feel strongly about this issue should offer solid proof. In the final analysis, this is the VSE. Yes, there are safer investments, but the junior spec market does play a role. A world with just a few large mining firms would be dull. LVL