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Bullboard - Stock Discussion Forum Golden Phoenix Minerals Inc GPXM

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... see more

GREY:GPXM - Post Discussion

Golden Phoenix Minerals Inc > Time to Buy GPXM?
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Post by SilverBull999 on Mar 31, 2014 12:28pm

Time to Buy GPXM?

GPXM just sold one of its assets for $2.6M, and so far have received $260,000 which has likely been used to settle some of its outsatnding debts. 

Upon receipt of the funds and anouncing the transaction to the market the stock ran from $0.001 to $0.008.

The final payment on the transaction is due in 2 weeks on April 14th.

What do you think the stock price will do when that transaction is completed and Golden Phoenix receives an additional $2,340,000?

I think it will be quite positive.
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