Geologix Explorations Inc GIXEF

RE:The most undervalued gold stock I have ever seen

[2investorknot]

....And yet only 63,600 shares were traded today at .04 which means less than $3,000 invested.  While I hate to ask, how do you explain that shareholders (apparently including myself & you) are uninterested at these prices (based upon our average volume) ?  Discounting the currently inflated figures you use for the IRR  ($1518/oz gold & $3.71/lb copper), what else is missing?  Investor confidence in management?  Worries about future gold & copper prices?  While we are in the waiting game for the markets to reverse, can management make even further cuts into their compensation packages & expenses showing that they will be sufficiently motivated to cut a deal?  Could they release whatever financing rates they did turn down so investors could make up their own minds regarding what management is seeking?  There are juniors out there that have been smart during these times -- ie. Terraco's 52 wk range is .09-.23 and it is currently trading at .17.  In contrast, Geologix's 52 wk range is .04 -.10 and as you know it is currently trading at .04 with an average trading of less than 90,000 shares.  Whenever I have read anything from managment, I can't recall them ever admitting to any misstep -- only putting all of the blame on the capital markets. 

In the end though, I am not willing to sell my existing shares since they are so "undervalued" as you pointed out.  However like many people, I don't exactly want to buy more shares for fear of it being dead money for another few years.