Gemini Exploration (fka GMXS)

[marich]

I'm sticking my toe back in the water after last Friday's announcement........

I got into Gemini early last summer as I felt that La Planada was the real deal and I liked the way Mike Hill handled the company's PR. I left in the fall, when it became obvious to me that he was not really prepared to do a financing with a share price of only $.12 - $.15.

I was pleased to see his Dec. 10 announcement about a financing but held back from buying back in. While the title of the announcement said "financing closed", the body of the narrative specified only that "negotiations were completed" - that's a big difference from "closed" in my book so I decided to wait to hear that the $500K was in the bank. After a couple of weeks of silence, it became obvious to me that something had gone very wrong. Mike Hill had been a press release a week kind of guy so I felt his silence was significant.

He broke his silence last Friday which I take as a very good sign. While there is obviously still plenty of uncertainty that he will close on a financing, the fact that a PR savvy guy like Mike Hill has spoken, is enough to get me cautiously back in the game, especially at $.05. It's interesting that the stock is selling down on this news. To me, the lack of any news for 3 months was much more damning than this announcement...go figure. If he does get the financing, the leverage from $.04 or $.05 to the much, much higher pps based on the potential of Gemini's properties will be incredible.

The beauty of this is that Los Chorros can be cash flowing within a matter of months after a financing is closed. That's almost instant gratification. I bought some stock yesterday and plan to jump in hard if Mike gets the money he needs to jump start Los Chorros.