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Bullboard - Stock Discussion Forum
Golden Phoenix Minerals Inc
GPXM
Metals & Mining
Gold
Industrial Metals & Minerals
Golden Phoenix Minerals, Inc. is a mining and exploration company. The Company's business includes acquiring mineral properties with production through exploration discoveries. The Company has property holdings in the Silver Peak Mining District near Tonopah, Nevada. The Company is focused on its mining properties in Nevada. The Company has entered into an agreement to acquire an interest in...
the Mhakari Properties, which include the Vanderbilt Silver and Gold Project, the Coyote Fault Gold and Silver Project and Galena Flat Gold Project, and claims that are an extension to the Coyote Fault property, all located adjacent to the producing Mineral Ridge property near Silver Peak, Nevada. As of September 30, 2015, the Company had the rights to 16 unpatented lode mining claims in three claim blocks consisted of 320 acres on Bureau of Land Management (BLM) lands in Esmeralda County, Nevada, located near the operating Mineral Ridge gold project (the North Springs Properties).
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GREY:GPXM - Post Discussion
Golden Phoenix Minerals Inc
> lawsuit
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•••
billyg1
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Post by
billyg1
on Apr 04, 2012 10:51pm
lawsuit
What's the deal with this lawsuit?? Opinions?
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•••
Rocks123
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Comment by
Rocks123
on Apr 13, 2012 11:07pm
The deal is very simple. Golden Phoenix owes Waterton money. Waterton lent Golden Phoenix money for various projects. Golden Phoenix pledged their 30% interest in Mineral Ridge as collateral. Golden Phoenix has not been paying the interest owed on the loan so Waterton moved in to protect their investment. They have seized the collateral and are moving forward with an outright auction of the 30% of
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Belgie24
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Comment by
Belgie24
on Apr 14, 2012 5:36pm
Well, I guess that's why they play the ballgame. Can you predict who will win the Tigers-White Sox game today before it is played? You make a number of assumptions in your post which I find to be false. You say GPXM wasn't paying the interest on the Waterton loan. Please explain how this is true when no payment was due until 3/30/2012, and the default notice was sent January
...more
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