Replies to post #4444 on GOLDEN PHOENIX MINERALS (GPXM)

[Belgie24]

My read on the situation ... the JV was signed, but is not closed, it is dependent on, among other things, financing being obtained by Scorpio. This may be a done deal, but until it is closed, I think investors will take a wait and see. Here's the 8K filed yesterday, has some interesting stuff in there about superior offers for Mineral Ridge, and Scorpio's right to match:

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001001277%2D10%2D000004%2Etxt&FilePath=%5C2010%5C01%5C05%5C&CoName=GOLDEN+PHOENIX+MINERALS+INC&FormType=8%2DK&RcvdDate=1%2F5%2F2010&pdf=

[searchlight]

<< Surprising it didn't go up today with the news. >>

Didn't seem like there was a lot of news here. This is basically the press release that they made last summer. You'd think that with gold at $1100/ounce people would be falling over themselves to get a project with known reserves into production ASAP.

Still, it's better than announcing that the deal fell apart.

[PENNYPRINCE 1]

Maybe we see that .065 to .07 level next week.