From BC over on RB,
Pinnacle Digest: Participation in Ryan's Notes Noble Alloys Forum Spurs Review: Position Evaluated
Monday June 04, 2007 05:23:36 EDT
Jun 04, 2007 (M2 PRESSWIRE via COMTEX News Network) --
To read this article in its entirety, visit us at www.pinnacledigest.com.
Golden Phoenix Minerals Inc. (OTCBB: GPXM) experienced a rise in share value Friday accompanied by 455,166 shares traded. On May 30th they announced that they have been invited to participate in the Ryan's Notes Noble Alloys Forum in New York City on June 5th, 2007. This recent announcement has moved us to review this company and the current market surrounding it. Our purpose is to inform our members of breaking news across the markets as well as to research specific companies in detail. We will be focused on this company's immediate future developments as well as their position moving forward. To read this article in full and to learn more about our expanding, diverse online financial magazine, visit us at www.pinnacledigest.com.
The strengthing of the US economy fueled Canadian stocks as their bench mark moved to its second highest ever close. The TSX Composite surged 62.59 points forward Friday closing at 14119.37. It was joined by the TSX-Venture which closed up 33.19 points to 3274.87. The rise in oil and metal prices drove shares of the many commodity producers higher.
The TSX and Venture exchanges are heavily weighted in the mining industry. Both exchanges rose on the rising price of gold, silver and oil. Gold surged rising $10.20 to close at CAN$676.90 following a report by the European Central Bank which stated it had no plans to sell the metal throughout September.
The mining industry will be a major focus at PinnacleDigest over the coming weeks and months as their main season takes full swing. There are many mining and resources based companies we are continually following and updating our review upon. To learn more about the company's featured on our site; don't hesitate to visit us for a complimentary subscription.
Let's turn back to Golden Phoenix Minerals Inc. and learn more about this company's objectives and focus moving forward. It needs to be stated that Golden Phoenix is the manager and majority owner of the Ashdown Project LLC, the first new U.S. molybdenum mine to enter into production of moly concentrates during the current record price consolidation. We are closely monitoring the progress at this mine and plan to review this company further.
The CEO of Golden Phoenix Minerals Inc., David Caldwell and President Robert Martin will attend the forum on behalf of Golden Phoenix and participate in a panel discussion on molybdenum, scheduled to start at 9:30 a.m. To follow up with Golden Phoenix Minerals Inc. and to learn how our informative and easy access online financial magazine can benefit you, visit us at www.pinnacledigest.com.
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