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OT: arbormon...excellent business...good luck! I spent two years in college with a tree service, mostly topping and falling, branching...that kind of thing...we also sprayed a few times a year...I took a mounthful of Malithion one day and had enough...lol...
Belgie...ROTF...was he taking a dose of VYON? eom
ROTF...good on 'em...eom
maverick...ROTFFLMAO...excellent...was Derek holding a Mont Blanc? More importantly, did you wish him "Merry Christmas" or "Happy Holidays?"...we don't want to be politically incorrect at this stage...
best...I've given up posting anything that I can't substantiate 100%...it only leads to bad blood and sniping...
rumors are like gossamer anyway...remember the one about JVing MR?...that one was 100% guaranteed...ROTF...but they're fun, and sometimes the truth behind the runor is a basis for price and volume...
I'd rather go at it like this: If they were really near production, we wouldn't be at 40 cents...we'd be closer to 50 cents, IMO...but, something happened recently that made someone or a group of people buy in large blocks and the price elevate...
My best guess is that it has something to do with one of the following, as these things continue to be the hindrance:
metallurgy and assay and/or reserves/life of mine...
PS: I NEVER buy or sell on rumor...why? because rumors are usually wrong or inaccurate...
arbormon...if some of the rumors I've heard lately pan out, that smile may be Cheshire-like soon...
Hey, regarding your alias: treeworker or tree surgeon?
Here's GPXM's presentation:
(Thanks to homerdel at Raging Bull)
Thursday afternoon:
• Bonanza Grade Moly at the Golden Phoenix’s Ashdown Joint Venture: The Richest Little Crack in Nevada, Jonathon
Sprecher, Consulting Geologist for Golden Phoenix Minerals, Inc., Sparks, NV
Booth number 167
Thursday Dec. 7
Afternoon Sessions
1:45 - 5:00 pm
New Discoveries &
Rediscoveries in the
Cordilleran West
Dave Caldwell
Golden Phoenix Minerals
####
LLLL - Geology of Mars
& Other Rocks Near
the Sun ...
Greg McKelvey
I had heard that GPXM might be presenting at a forum this week...I found this in Sparks, and I see that David Caldwell is there (See PDF page 4):
http://www.nwma.org/
Beautiful last couple of says...rumors abound...let's see what tomorrow brings...
diggg...lol...I'm a little worried about the Hawks going up against Denver's rookie QB this weekend...maybe I'll trade Steve Craig for Dave Kreig...ROTF...
digg...if you haven't seen it already, Gryphon got hammered yesterday after they announced that they wouldn't be proceeding with the construction and heap leaching at Borealis...this is after revising resource data a week ago...
it's now lost half it's value in a few weeks...
We sold 100% rights to them for $1.4 million last year and tossed in Steve Craig as VP for a player to be named later...lol...nice move by GPXM...
-----------
Gryphon Gold Focuses on Exploration
Thursday November 30, 5:21 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 30, 2006) - Gryphon Gold (TSX:GGN - News; OTCBB:GYPH - News) announced today that its Board of Directors has concluded that the Company will not proceed with the construction and related financing of the Central Borealis heap leach mine at this time. This decision follows on the Company's November 27, 2006 announcement that it would be revising the gold and silver resource estimates of the Borealis heap leach mine.
ADVERTISEMENT
As there is currently no need for production engineering capability, the Denver office will be closed. Mr. Steve Craig, VP Exploration will move to Nevada and continue to head the exploration team and Mr. Allen Gordon will no longer serve as an officer or Director of the Company.
The Company will be engaging independent consultants to complete an updated NI 43-101 compliant gold and silver resource technical report which will include the results of the drilling since March 2006 to date which were not included in the current technical report.
The Company's focus in respect of the Borealis property will be on expanding the total gold resources (of the heap leachable deposits and the Graben sulphide deposit) and exploring the six known similar geological targets on the property for additional deposits. Drilling continues on the Graben deposit and has commenced on two of the six prospective district targets. Results of these programs will be reported once all the assays have been completed and analyzed.
Gryphon Gold is a Nevada corporation in the business of acquiring and developing gold properties in North America. Gryphon Gold's principal asset is the 27.5 square mile Borealis property located in the Walker Lane gold belt of western Nevada. At present the Company has 41 million shares outstanding with a net cash balance of US$6.2 million at the second fiscal quarter end, Sept 30, 2006.
ON BEHALF OF THE BOARD OF DIRECTORS OF GRYPHON GOLD CORPORATION
Albert J. Matter, Chairman
Full financial statements and securities filings are available on our website: www.gryphongold.com and www.sec.gov or www.sedar.com.
This press release was reviewed by Matt R. Bender, MBA, P.E., Vice President of Gryphon Gold, a qualified person as defined by National Instrument 43-101 of the Canadian Securities Administrators. This press release contains "forward-looking information" which may include, but is not limited to, statements with respect to reserve and resource estimates, projections, our planned exploration programs, the availability of future financing for exploration and other plans, projections, estimates and expectations. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties outlined under the section titled "Risk Factors and Uncertainties" in our prospectus (available at www.sedar.com) and registration statement filed with the SEC (available at www.sec.gov). Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected. We do not undertake to update forward-looking statements.
Don't worry, digg...I steal everything I can, just to spread the word...lol...no credit necessary...I just want the price up...
New Armstrong article gives GPXM kudos for best website...
solid article too...
http://news.goldseek.com/StewartArmstrong/1164930354.php
choad...lol...amen...eom
maverick...lol...well, he only has 45 days to make good on the $1, but I think his $3 in 2007 is safe...
Belgie...I think the thing that really eats at some of the bigger holders is that the timelines are somewhat behind...
so typical in startups that I don't give it a second thought, but I don't have as much money invested as some...I've said it before, that the real run won't begin until we see some of the bigger holders exit out of sheer frustration...
You are correct...success is right around the corner...but, if that corner is Christmas instead of Thansgiving, we may lose a few...too bad...in the grand scheme, it's the blink of an eye...
Best...well, I have no clue really...but, as I said, my guess is that they're both obviously coming after money they think they are owed...preferred shares...I don't know...it's all money, and everyone is going to want their share, plus whatever they can get...
As you know, lot of funny business back in the day...I'm sure Twain got screwed right along with everyone else...lol...
From the 10QSB Feb 2003:
During February 2003, the Company entered into a first amendment agreement with
F.W. Lewis, Inc. (Lewis) extending the term of the existing exploration license
to December 31, 2007. The Company is to continue making exploration license
payments of $2,500 per month, stock distributions of 350,000 shares of the
Company's common stock on January 1 and July 1 of each year and yearly minimum
work commitment of $100,000. On May 7, 2003, the parties signed a second
amendment that clarified that expenditures for work performed by the Company on
either the Lewis property or the adjoining International Enexco, Ltd. (Enexco)
property shall be applied to Lewis' minimum work commitment. Additionally, the
second amendment clarified that Lewis holds a Production Royalty with respect to
the Enexco property.
------
With this thing running out end of year, it's gotta be tied to the whole Contact situation...they were obviously talking back and forth, according to the info in the filing today...
my guess is that the Lewis family has to keep the claim alive, or lose out? I don't remember there being bad blood over this...
Best...looks to me like Twain might have been an upper-management type early on (before 2000?)...he shows up in a number of filings, sometimes with his wife (?) Bonnie Walker...
http://www.secinfo.com/dVqbf.58.htm
I'm guessing that Craig and Walker are looking for a small bite of the upcoming pie? Means nothing...
Lewis...I think that one's going to work to our benefit eventually...I'm DDing that as we speak...
bj...IMO, much ado about very little...eom
Hate to see anything negative going into production...oh well...next...
maverick...I just posted that over at RB...that pic is worth $$$$$$$$$$$$...sweet...
coffee