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First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Re: Why this NO Crusade - BullyBoy-Cylinder
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pej
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Jun 06, 2008 12:59PM
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pej
Jun 06, 2008 03:40PM

Hi BullyBoy

Re GXS

Those 2 holes were about 1 mile apart with a fairly thick coal seam.

Then the coal was analyzed and found to be sub bituminous (I believe) and not lignite which many expected



GXS does have a low float but NAG is after the same type coal with a larger float.



The float is important but if one reason for a RS is to get rid of the day traders then i don't think float matters.



The lower the float the greater the possibility of a bigger swing in either direction.



Maybe at some point SPQ will need a reverse split but why not wait until we are closer to that time.

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