With moly prices so depressed down, it's quite obvious why the company has digged itself in. It's in fact an act of preservation. The minerals are still there. No doubt about that. When the chart is giving positive technical signals again.... Time to buy in again. Remember... Till now there has never been ONE signal of the company being corrupt !!! So... there are many reasons to be confident with the management of this comapny.
I suggest to follow Roca mines.... They are productive with a lot of lesser prices of moly than Phoenix.... If they can manage this difficult situation...GPXM certanly is.
And remember also this.... the oil prices are severely depressed. That can change in a couple of weeks.... Moly is badly needed anyway...
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