same sort of pattern of aggressive - almost distressed selling...

same sort of pattern of aggressive - almost distressed selling continues.

In this highly leveraged market......seller may just have found themselves in a spot of bother and has no choice but to let go of GGX stock in this fashion.

The situation in the Phillipines for GGX is most interesting to say the least......anytime soon, we will hear from the Dept of Energy Phillipines, as to whether a commercial oil discovery has been made right next to the GGX block on Cebu Island.

Whatever way you look at it......should JAPEX and its partner go back their to commercialise this already promising January drill...it has highly significant upside for GGX.

What would the block be worth, should development occur. How could it not be worth $20 million or a lot more....right now GGX is a $7 million compnay (with $2.5 m cash).