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

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

PMTU 26.08

-0.4%

Oct 31 9:30 AM EDT

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To: jhc who wrote (33)	11/21/1998 4:08:00 PM
From: banco$	of 80

Hi Big John, For better or worse Phoenix will not tease us with minute progress details. This means we are left to weigh the risk of not holding shares when meaningful announcements are eventually made regarding production, (forward) sales, securities upgrade etc. I expect these announcements to be more timely as the picture comes together. From PMTU's site: "policy of the Company not to speculate with projections or early results until a meaningful track record of production resulting in recovered metal has been established" Notice how reserved the company is based upon its statement regarding termination of the SEC matter. The Court terminated the matter on May 22, 1998 and Phoenix did not comment until July 27th. Most companies would issue a release within a day or two of such an important development.

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