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• Genuity Capital Analyst: Goldsource Mines Shows Potential, Rated a Buy

  FP Trading Desk submits: Goldsource Mines Inc. (GXSFF.PK) became the talk of the junior mining world last spring when its search for diamonds in Saskatchewan turned up coal.  Luckily for Goldsource, the discovery happened at the start of one of the biggest coal booms ever, and the company's shares shot from pennies to a high of C$19.60. Since then, they have plummeted back to earth and are currently at C$2.80. Analyst Michael Gray of Genuity Capital Markets has picked up coverage of the stock and asked the question on everyone's mind: will Goldsource deliver a new thermal coal district in Saskatchewan? So far, he estimates that the company has potentially documented around 750 million tons of thermal coal with a combination of "hits" and "misses" in its drill program. Complete Story » Posted Friday, October 03, 2008 2:57 AM Filed under: GXSFF.PK, FP Trading Desk

• Goldsource Mines: Stock Jumps on Positive Drilling Results

  FP Trading Desk submits: The wild ride in Goldsource Mines Inc. (GXSFF.PK) continues. After doubling in price on Friday, shares in the diamond-turned-coal miner climbed as much as 64% before paring back gains on rekindled hopes of a legitimate coal play in eastern Saskatchewan.  But unlike Friday, when the stock jumped despite no news from the company, Monday’s increase was firmly rooted in positive drilling results. During a halt in trading Monday morning, Goldsource released results from the latest drill hole in its seven-drill-hole program on coal permits of the Border property near Hudson Bay, Saskatchewan. The company said the new hole, drilled approximately three kilometres northwest of the initial discovery drill well uncovered coal intercepts that compared favorably to the discovery holes. Complete Story » Posted Tuesday, July 29, 2008 4:00 AM Filed under: GXSFF.PK, FP Trading Desk

• Goldsource Mines Down 50% on Poor Drilling Results

  FP Trading Desk submits: Goldsource Mines Inc. (GXSFF.PK) and the rest of the Sasktachewan coal play gang were in freefall Monday after Goldsource said that results of its first drill hole following its discovery of coal earlier this year, uncovered less coal than hoped for.  Goldsource shares were down a whopping 50% to C$6.45 in Monday morning trading. The price is a far cry from the stock's C$19.60 record high on June 25, but on the bright side, it still represents a huge premium on the company's C$0.30 share value before the initial discovery was made in April. Complete Story » Posted Tuesday, July 22, 2008 3:44 AM Filed under: GXSFF.PK, FP Trading Desk

• Coal Stocks: Make Money in Picks and Shovels

  Guy Bennett submits: How hot is coal? Goldsource Mines Inc. (GXSFF.PK) was searching for diamonds in Saskatchewan last May when they stumbled on a high quality coal seam and their stock soared 9,100% in 3 months. Complete Story » Posted Friday, July 18, 2008 9:03 AM Filed under: JOYG, Guy Bennett, BTU, ANR, CNH, PCX, BUCY, GXSFF.PK, KOL