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Bobwins

03/09/05 3:29 AM

#1239 RE: jwbstock #1238

jwbstock, wow that was a good article. Well reasoned and unemotional description of the market and the prospects. Looks like my gpxm.ob may have missed the boat. They took too long and may just miss the big payoff. They have put their gold mine on hold to concnetrate on their high grade moly mine but the delays may cost them dearly. If the moly price collapses, they will lose the cash cow that they were counting on to finance further work on their leach gold mine and copper deposit. Supposed to be close to permitting but it will be late summer before they can sell any moly. Sounds like a short run bubble. Bobwins
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lentinman

03/09/05 3:42 PM

#1251 RE: jwbstock #1238

jwbstock: GPXM:

Great post on MOLY: As BW points out, it may be too late for GPXM. Thus, I'm out. I rarely sell a stock so soon after buying, but not only did it not hold support at $.15, but this relentless decline for so long has no sign of slowing down. The article is probably the reason why. It may be baked into the price already, but I see no reason to hold something that requires swimming upstream. Fortunately, I'm only down 10%.

Len