Phoenix Metals U.S.A. - PMTU Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Phoenix Metals U.S.A. - PMTU

PMTU 26.19

+1.6%

Oct 30 3:38 PM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: banco$ who wrote (53)	1/9/1999 1:34:00 PM
From: banco$	of 80

If further news includes any quantifiable end product data, this will allow outsiders the same confidence that insiders are enjoying, even if current refining is not high dollar value. Bear in mind I'm not saying it isn't high value -- I don't know. The company still acts more private than public with respect to its production data; Phoenix is very closely held. Maybe this practice will improve soon....hope so. The following write off may have been integral to meeting all 1998 objective through end product sales: "The Company took a loss as "Expiration of Investment Option" amounting to $175,100. in its decision upon further investigation, not to move forward with a business venture unacceptable to the standards of the Company due to potential environmental problems and management." (Phoenix FS section)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next