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Re: Alex Chory post# 3527

Tuesday, 05/08/2007 8:24:40 AM

Tuesday, May 08, 2007 8:24:40 AM

Post# of 21718
Alex, I am vaguely familiar with the WEX / GPXM story. I looked at GPXM a while back, and I could not figure out if they would actually be profitable. The mine is very small, and they have a lot of overhead. They also took out a lot of big loans at loan shark rates. They never did a real feasibility study, so the only way to know is happening financially is to wait for quarterly reports.

WEX might be a better way to invest in the deal, but it does not have a U.S. tracking stock.