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Gold/Mining/Energy : The Molybdenum Discussion Board -- Ignore unavailable to you. Want to Upgrade?

To: maxncompany who wrote (706)	3/19/2005 5:08:51 PM
From: Proud Deplorable	Respond to of 3267

Bob Moriarty wishes to reply to you: I sent him your comments and here is his response: _________________________________________________ "Go ahead and post this and send me the link, please. I really appreciate this. The writer obviously has an agenda which he has failed to identify. What is he trying to prove? He works for WEX and has failed to identify himself. The deal between WEX and GPXM was simple, Brandt took the flagship property of WEX and gave it away for just enough money to keep the doors open. I have talked to everyone at GPXM and know WEX since long before this deal. Neither Brant not Fitzsimonds every believed the property could or would go into production and clearly they didn’t want to. As to the absurdity of buying the NSR out after all the permits are in place, does the writer actually believe the holder of the NSR is going to give it away just before revenue of tens of millions is around the corner. Is he kidding? If Brant had the interest of his shareholders in mind, he would have accepted the money which was offered to him in December, renegotiated both the NSR and the deal when it made sense and he wouldn’t. Two years ago WEX was dead in the water. The shares didn’t trade $25,000 in volume in a year. You couldn’t buy the stock or sell it for that matter. The company was dead and everyone in the industry knew it. Brant wanted to do a deal with his best friend to bring in new management, money and do something with the company. Anyone who wants to understand Brant and WEX should work up the numbers on moly at Ashdown at any price in the last 21 years. But Brant didn’t and doesn’t think of Ashdown as a moly project, as far as he’s concerned, it’s a gold property. So he never did anything in 21 years when it was economic the entire time. Brant couldn’t make up his mind as to what he wanted and he surprises his best friend by telling him that he has been doing a deal behind his back with GPXM the whole time he was in negotiations with his friend. I know that was a shock, it was my idea in the first place and Rubin was like an old lady with a mouse running around the kitchen. Brant is 81. I seriously doubt he really gives a damn one way or another about how much money he makes from this deal. Actually he has made the comment a bunch of times that I know of that all he wants is to sell his shares for $1.50 and the heck with the shareholders. Brant wasn’t looking out for his shareholders when he cut this deal, he screwed his best friend by refusing to come up with any numbers to move the company forward and he is screwing his shareholders by not redoing the deal with GPXM and the NSR. I’ve been in discussion with major shareholders of GPXM and Steve Craig, who I really like, and everyone has expressed to me a belief that the deal not only could but should be redone. As it stands now, WEX is ending up with 30% and GPXM still needs money to complete. GPXM actually was close to bankrupcy in December. By accepting the money offered to him in December, Rubin Brant could have made this a lot better deal for his shareholders and moved it forward by months. I believe Brant is operating on his own behalf and I haven’t ever seen him do anything in the interests of his shareholders. Recognizing that he’s 81 and it’s time for new management would be an admission he probably isn’t going to live forever. It’s time to move WEX out of a cubbyhole in a corner into the future. Bob Moriarty"