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Today gold closed down $1.20 at $661.80 and silver closed down .13 at $13.18
I thought that it was you but I wasn't sure. I believe that you have used Hahn in the past with a number on another site.
Haun, read post 3210.
Kevin, I believe that the company will be in the black by fall. If this takes place it should break a dollar by then. Their balance sheet and income statement have been very poor but that is understandable with an exploration company. Now that they are producing it will be interesting to see what the next 10Q will show.
The last 10K was filed on 4-17-06 so it should be about the same this year. The 1st 2007 10Q should be out about April 15th so I believe that you are right on.
I will talk to Rob about production schedules and mine output and this will give us an idea of where the stock price should go. Beyond a year or two is hard to tell. The company is already expanding the underground reserves so that will add years to the production schedule.
"China does not have to sell any of its existing dollar reserves to precipitate a decline in the dollar -- all it has to do is stop accumulating dollars. The current US trade deficit with that country alone is running over $20 billion per month, and that is not an insignificant amount. If China stopped accumulating foreign reserves those dollars would be sold and I expect that when that happens, the dollar will fall. "
The above is an excerpt from a Paul van Eeden article.
Top 5 Performing Gold Equities
(among 45 listed on the various gold indices)
Company
Symbol
Time(EST) Price Change $ Change %
Rio Narcea Gold Mines Ltd RNG.TO 13:27 4.52 CAD +0.39 +9.44%
Coeur D Alene Mines Corp NYSE:CDE 13:23 4.18 USD +0.18 +4.50%
Golden Star Resources Ltd AMEX:GSS 13:23 4.55 USD +0.16 +3.65%
Alamos Gold Inc AGI.TO 13:24 7.37 CAD +0.22 +3.08%
AFLEASE GOLD LIMITED JSE:AFO 17:00 350.00 ZAR +10.00 +2.94%
Molybdenum is used today in high-strength alloys and in high-temperature steels. Special molybdenum-containing alloys, such as the Hastelloys, are notably heat- and corrosion-resistant. Molybdenum is used in oil pipelines, aircraft and missile parts, and in filaments. Molybdenum finds use as a catalyst in the petroleum industry, especially in catalysts for removing organic sulfurs from petroleum products. It is used to form the anode in some x-ray tubes, particularly in mammography applications. Molybdenum metal is found in some electronic applications as the conductive layers in thin-film transistors (TFTs). Molybdenum disulfide is a good dry lubricant, especially at high temperatures. Mo-99 is produced in the nuclear isotope industry and is used as tracer. Molybdenum pigments range from red-yellow to a bright red orange and are used in paints, inks, plastics, and rubber materials.
The last time that I looked Golden Patriot was down nearly 12%.
Sorry about the late response. I was out in the pump house adding a chemical mixture to the two chemical holding tanks.
Tsafi, Golden Patriot is an exploration company with a very large negative net worth. They do not have any revenues so that will not be considered. They will continue to lose money which is a fact of life with exploration companies. What makes these companies move is a set of good assay readings or a good pump. I can't think of anything on the Q that will make a difference here.
Today gold closed up $6.80 at $663.00 and silver closed up .18 at $13.31. Earlier in the session silver traded as high as $13.46.
UT, GPXM has started producing molybdenum at their mine which is one of the richest if not the richest molybdenum mine in the world. I will be at a meeting with Rob Martin in about two weeks (the exact date is not set yet) and will be asking him some questions about the company. Some stockholders have asked me to ask some specific questions and I thought that if you held any you may have some questions that you would like asked.
UT, Shoshone is currently up .095 at .35.
UT, do you hold any Golden Phoenix?
Great UT. If you check the area out let me know what you find.
Madison is at it again. Trades from .41 to .96 and back. Sometimes there is a swing of .33 on a single trade.
Universaltrader, great! Do you hold any SHSH stock? If you do you might want to take a look at the property. That is about the time that I will be meeting with the President of GPXM at Ray's Boathouse in Seattle.
Shoshone Silver Mining (PINK SHEETS:SHSH) is pleased to announce the release of a pre-feasibility study supporting an economically viable zinc-lead-silver mining and milling operation at its Bilbao, Zacatecas, Mexico property. The study was commissioned and released by Shoshone's joint venture partner, Minco Plc.
Findings at a Glance as provided by Minco
-- Net Present Value $47.7M at 10% discount rate
-- 37% projected Internal Rate of Return
-- Payback within 2.1 years
-- 8 year mine life processing 360,000 tons per year
-- Assumptions: 10% discount rate, zinc $1.25/pound, lead $0.60/pound, silver $11.00/oz
About the Study
The Minco pre-feasibility study was conducted by Mr. Al Summers, an independent consultant and former Vice President of Operations for Hecla Mining. The March 1, 2007 study was based on metallurgical testing conducted by SGS Laboratory, Durango, Mexico, and resource estimates obtained from a Minco commissioned study conducted by Mining Exploration and Geosystems Associates (MEGA) released January 15, 2007.
The report recommends an additional 10-12 month drilling project to upgrade the resource under consideration along with additional metallurgical testing. Construction of the mine and mill operation is expected to take 18 months following receipt of Notice-to-Proceed. The estimated total preproduction investment would be approximately $43.3M. The pre-feasibility study is available from Minco's website: http://www.minco.ie.
I don't know what you are basing that statement on. EDIG owes 5.29 times what the entire company is worth and the company lost $185,746 last quarter. There are nearly 250,000,000 OS with an authorized amount of 300,000,000. Over the past year the company has been issuing approximately 3,000,000 each month. The only thing that I see that is good is that the revenues went up about 10 fold from the corresponding quarter. If the company can increase revenues that much and still lose money this could be a long term disaster. Hopefully the company can get into the black and continue to increase their revenue base. The current balance sheet shows that the company has a book value of far less than zero. Good luck. Hopefully they will put together a couple more good quarters.
Today gold closed down $7.10 at $656.20 and silver closed down .26 at $13.13. For the week gold is up $4.00 and silver is up .03.
URME is a great exploration company that keeps the balance sheet strong. With over 13 million in cash and no debt the rise in price is expected. It would appear that they are looking to be bought out by a producing mining company. The problem is that the company is losing over $1,000,000 per month and must issue shares to stay in good shape. The good part of that is they can issue a lot less stock for exploration purposes with the higher stock price. If I held URME I believe that I would select a stop loss price and raise it accordingly as the price goes up. Maximize your profits and control any losses just to be safe.
Today gold closed up $4.50 at $663.30 and silver closed up .16 at $13.39. Earlier in the session gold was up $8.80 and silver was up .34.
Rob never mentioned a new exchange. That was a question that one of the posters had. I don't believe that GPXM is thinking about it and really don't care at this point.
LOL! At the last meeting I found him to be very honest and down to earth. He cares about people and has a non profit organization in Seattle. I will ask him about the S-8. I have also been asked to ask him if GPXM has any plans to be listed on a larger exchange in the near future.
Steve, I plan to post anything of importance. If you have any questions that you want me to ask Rob Martin post them on here or email me at jerry@thegladsons.com.
Steve, it looks like GPXM is starting to move on a steady basis. It will be interesting to see the first production figures to come out on a 10Q.
A few minutes ago gold and silver started making a move. Gold is now up $7.10 and silver is up .25.
Lebed's kiss of death still hovers around his latest pick. He featured XDSL on 2-17-07 at .255 and less than five weeks later it sits at .157. very near a 52 week low. That is a 38.4% drop. I can't help but wonder when his followers will get wise to him and realize that the only one to make any money from his picks is Lebed himself.
oops. What happened to the "n"? Should read " Rob Martin ".
Steve, I'm not sure if I told you but I will be in a meeting with Rob Marti, the President of the company sometime during the second week of April. It really looks like the time has come with 24 hour production beginning. I have been in a long time too. I purchased the stock when it was trading at .12
Like most people that run that type of scam. When you need money run another press release that never comes to fruition.
The last time that this company had a name change and reverse split he was. He was making a good living by issuing shares and It looks like he is still at it.
That share figure was in the year 2,000. This is like the companies that Tsafi and I were talking about. John Sparrow needs to be added to the list of people that are making a living by selling shares on the open market for a living. The only thing that keeps this company going is the unsuspecting investors that do not know what is happening.
Tsafi, SGLS is just one of many stocks that are actually run by one person and all that they do is make a living by selling stock. There are many that are worse than this but I am positive that you already know this. When I see Carnes name and several others on my list that do this I do not participate in their fraudulent activities and tell others to watch out for that particular person.
Today gold closed up .90 at $658.80 and silver closed down .03 at $13.23. At one time silver had reached $13.42.
Golden Phoenix Reports Progress at Ashdown Molybdenum Mine; Mining Crews Encounter Further High-Grade
SPARKS, Nev., March 21, 2007 /PRNewswire-FirstCall via COMTEX/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM) is pleased to report continued progress in the development and production of molybdenum concentrates at the Ashdown Project LLC mine, located in Humboldt County, Nevada.
Underground crews continue to extract molybdenite along the southern section of the Sylvia sill drift. The crews blasted south approximately 135 feet, increasing the daily volume of mineralized rock being removed and delivered to the mill. As drifting continued, the grade abruptly increased along the last 35 feet. In-house face assays have returned values of 3%-to-7% Mo, equivalent of up to $4,000 per ton value, awaiting confirmation by outside labs. This is an exploratory drift running south from the known high-grade zone in an area defined by little previous data. The width of the vein has also expanded from between four-and-five feet to an average of approximately eight feet, with some sections reaching up to 14 feet in total thickness.
Work progresses on the development of a second high-grade stope located in the main Sylvia zone to the north of the current mining. This stope is designed to open two new faces within the known high-grade portions of the vein over the coming weeks, and will replace the previously developed stope access due to superior efficiencies in working geometry and rock quality.
Development crews are also making excellent progress on the southwest crosscut that will open access to the down-dip extension of the high-grade zone. (Updated site maps are available at http://www.golden-phoenix.com) This area, which lies about 110 feet down-dip from the current working level, will provide access to an estimated 15,000-ton block of mineralization within the expected highest-grade segment of the vein. This represents approximately six-months production in addition to that accessed by the upper stope. Over 110 feet of crosscut has been blasted and is nearing intercept with the vein. When completed, this crosscut will allow the opening of a number of new working faces in the high-grade zones, giving more miners access to the higher quality mineralization. Six additional miners have been added to the staff, bringing the current total to 24 underground personnel. This has increased both production and development activity throughout the mine.
David A. Caldwell, CEO and Chief Geoscientist for Golden Phoenix, commented, "The discovery of the additional mineralization in the south extension of the Sylvia drift highlights the potential for future discovery on the Ashdown property. We are currently planning to utilize targeted geologic and geophysical methods that we believe are uniquely suited to unlocking the true magnitude of this largely unexplored property."
The mill has also increased its staff levels and is now capable of round- the-clock operation. The mill has been running continuously during March, except for a five-day scheduled maintenance and upgrade period during which mill feed continued to be stockpiled. The mill resumed production on March 13, 2007 and continues to produce and bag moly concentrate for near-term sale and shipment. Recoveries at the mill have improved rapidly through this ramp-up period and are now generally up to 90-to-95%, with concentrate values averaging 54% Mo. Work continues on the metallurgy of the deposit, with variances in the mineralogical composition of the moly-bearing rock being addressed through bench-testing at the mill.
The 350-foot surface hole, which was drilled two months ago, has now been accessed underground. This 12-inch hole provides communication and ventilation to the deepest portions of the workings. A refuge chamber is being constructed adjacent to the hole to provide the mine crews additional safety support. It will also allow for the delivery of sand to backfill and stabilize the active stopes as they are mined, opening the way for full-scale stope mining to proceed.
Spring weather has arrived at the mine, with milder temperatures facilitating all aspects of production. Water intrusion into the mine, which occurred two months ago, has abated and the working conditions are currently ideal.
Visit the Golden Phoenix Web site at http://www.Golden-Phoenix.com/
PPBL has turned around this past year. A huge increase in revenues has put them in the black and the balance sheet is in good shape. I also like the low outstanding shares.
Today gold closed up $5.10 at $657.90 and silver closed up .14 at $13.26. Earlier in the session silver reached $13.47.
Exactly, Tsafi. It would not have an immediate impact but I thought that it was an indication of the faith that management has in the company. Of course, there have been many management teams in the past that have been wrong about their company. There are too many variables in business to be positive.
utcheevis, that share figure is from 10-31-06. It would be several million more than that now but it does indicate the huge hold that insiders have on the outstanding shares.