Goldsource Mines Inc V.GXS

ME & GXS

[mmoital]

Yesterday Moneta Porcupine Mines (my second biggest holding after GXS) released their new resource, doubling the indicated resource (to over 2m Oz) and tripling the inferred resource (to over 3m Oz). Clearly, the market did not expect such growth. The stock increased 42% and it’s a further 10% up today. GXS current (but very outdated) resource is 200k and 800k respectively. The M + I resource in particular is likely to grow substantially in the new resource, specially at eagle mountain and salbora. Let's hope the numbers are good and market reacts similarly when the new GXS resource is released.

[inse]

Thank you for the comparison mmoital. I own ME as well. It was nice to see ME gap up significantly yesterday after they released their new Resource Estimate. It's up again today, but still hugely undervalued - the markets are slowly starting to figure it out, as they will with GXS. ME as a stock has been extremely frustrating - just like GXS. But Moneta Porcupine has been successfully and

[mmoital]

ME ended the day 27.5% up. That's 80% up in two days! It has now overtaken GXS to become my biggest holding. LOL Great way to end week. Now bring on January and the new GXS resource. Lets hope history repeats itself.

[inse]

Yes mmoital, ME up over 82% in two days...let's hope history repeats itself with GXS. And ME is still hugely undervalued, given the robust numbers of their new Resource Estimate. I only wish I owned more. Like I asked on the ME board, how do those who KNEW FULL WELL that a new Resource Estimate was coming, feel now after selling their shares in the 0.12-0.13 range, days before the new

[mmoital]

You would happily sell at 11 or 12c if you could buy a month later for 9c. There are 26m (?) Warrants expiring in January. Who ever holds them may be selling to raise the funds to be in a position to exercise those warrants. It is a safe bet for them. Even selling at 10 or 11c will make them good money because they have bought them at 5c. And they can then buy the same amount of shares they hold

[inse]

I get what you're saying. But we've worked through most of those single digit shares already. And most of those 0.09 warrants have already been exercised.