Looks like to me, there are buyers for the stock that is getting dumped.
Ask back up to 0.115, bid 0.95
10,000, 5,000 @.09 is just giving away stock to MMs. IMO
12.500 sell@.095, didn't take long to get that sold.
I got 4,500 of that bunch.
It's a gamble that for sure, winners and losers will be
figured out in 2003, If still alive, will be here.
I just wonder how big the Industrial Minerals will be,
From Company web site, Dec 18, update
On a completely different topic, we have yet to announce that Golden Phoenix is part owner of a new industrial mineral company. This new company has numerous properties, and they have started limited production. The product will be sold to a major supply company (contract in hand). Steve has been doing a lot of the land work and writing Operating Plans, Environmental Assessments, and Reclamation Plans. We expect that no money will be coming to Golden Phoenix for perhaps another year, but when it does, it should be quite profitable. We have not yet formally announced this activity because the new company has at risk numerous land acquisitions that have to be completed and some confidential sales negotiations leading to additional delivery contracts. Because this is a fairly competitive business, we have kept quiet to help ensure its success. We hope to formally announce this ownership in early 2002. |
