Hey Fantom.....

You just hit the nail on the head!

My only comment is that if the company had done a share distribution to the shareholders of GAX then on the day the stock would trade as an IPO you would see 8 million shares dumped on the market at the same time and we'd drop like a knife.

Think about this in terms of Red Ore getting through their PP and then getting some drills spinning. After the IPO the pp shares begin to trade in an orderly fashion and as we build value the company (GAX) could always dividend out the Red Ore shares to us in a way as to protect the sp and shareholders who participated early.

I'm not suggesting this is the scenario, but it may well be a consideration. I have already asked to take part in the Red Ore PP. If this plays out reasonably well there is a tidy profit there and we will definitely help GAX. I'm surprised we didn't see a small bump from this. It really is a very positive outcome.

......carry