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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 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).


GREY:GPXM - Post by User

Bullboard Posts
Comment by henkh73on Jan 05, 2007 2:26pm
152 Views
Post# 11963172

RE: What would mouserman call

RE: What would mouserman call Did you read the contract? I must admit I haven't, but somehow I doubt it says: if you don't pay within 30 days we'll increase our stake by 9.5% (there must be qualifiers, dollar amounts, etc., otherwise lawyers would have never approved it.) Regarding GPXM doing their shareholders a service... not sure about that. They definitely should get the money they deserve and do their best to do so. But they will make shareholders much happier by mining moly rather than spending their money in court. They should maximize long term shareholder value not short term: i.e. get the mine running and making money! btw: GPXM lost 6.6M in market cap since the press release.
Bullboard Posts

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