GOLDEN PHOENIX MINERALS (GPXM)

[Belgie24]

I really don't think your short term charts are worth a whole lot for a penny stock, highly manipulated as it is. I believe the high volume trading you refer to had to do with Klein's exit and whatever shares he owned and exchanged into someone else's arms.

I have followed this company since its brighter days, from 2005 on, the "Rob Martin era". We all had such high hopes for Ashdown and Mineral Ridge. Things went well for a while, then Ashdown closed and we almost went under. Resurrected again on the JV with Scorpio Gold, things looked bright again and were for a couple years. But when a certain judge in Nevada was lied to by a certain company exec, the whole thing went south. Mineral Ridge was forfeited to crooks named Waterton. I sold out for about .02 and was lucky to escape with only major losses.

Take a look at the long term chart from 2005 to 2014. We can probably agree it looks like a death spiral.

The company, IMO, is trying to stretch out the death, by issuing more and more shares, in the hope that the price of gold will zoom and bail them out.

I wish you guys luck, to me it appears the odds are against the company.