Bought Fieldex exploration, FXPIF.PK, FLX.V on the strength of rumors of upcoming news and a chart that looks like news.

http://stockcharts.com/h-sc/ui?s=FLX.V&p=D&b=5&g=0&id=p75340671166

Paid c28 cents.

it is an early rare earth play with assays pending which has just augmented its holdings at a quebec province site called Lac Sairs. Going back through the news releases, i found the following which i decided could explain the surge in the stock in recent days

the company indicated on Sept. 16 2009 that it was getting high REE readings along a border of its property.

then, on oct. 8, just three weeks later, the company announced that it had acquired additional acreage at Lac Sairs:

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Fieldex extends its Kipawa's Rare Earth Lac Sairs property
Rouyn-Noranda, Canada, October 08, 2009. Fieldex Exploration Inc. (FLX: TSXV and F7E: Frankfurt) is pleased to announce that it has acquired 2,300 hectares (23 sq.km) surrounding the very promising REE Lac Sairs' property located in the Kipawa alcalin complex 100 kilometres northeast of North Bay (Ontario) within northwestern Quebec near the Quebec-Ontario border.

The Lac Sairs' property is now comprised of 56 mineral claims, covering a surface area of over 3,200 hectares (32 sq.km).

"This is a very strategic acquisition because Fieldex will be very active in this rare earth alcalin complex in the coming weeks, a drilling campaign will take place as soon as we will receive the assays from the laboratory " said Martin Dallaire, president and CEO of Fieldex Exploration.

The property occurs within the Kipawa basin in Proterozoic Grenville Province. The basin comprised of metamorphosed and folded sedimentary sequences that have been intruded by composite intrusive bodies. The most important intrusive rocks on the property an alkaline intrusive complex, which is also folded along with the sedimentary host rock."

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so my guess is that the some assays have arrived and that the best dirt is near the old border and that the new property encompasses the best dirt much more fully.





http://www.fieldexexploration.com/press-release.html