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Gold/Mining/Energy : GOLDEN PHOENIX MINERALS, GPXM -- Ignore unavailable to you. Want to Upgrade?


To: PayShhhhence who wrote (630)8/20/2008 9:12:02 AM
From: hubris33  Read Replies (1) | Respond to of 811
 
IMHO those that accept the company's release of information in lots are facilitating their bad behavior. Thompson Creek doesn't report in lots, why should we? Second it is false economy to say that GPXM sells moly in "lots," best I can tell they are paid based on the POUNDS of moly. GPXM does NOT report POUNDS only "lots." Why is it that they can not release accurate and appropriate data about their main source of income?

This sure appears as though GPXM has something to hide. There is no reason they can not release basic production information like other companies do. Of course I could understand not releasing information if:

1) These guys think investors aren't smart enough to understand it.
2) They think it will hurt their case and lead to selling, or
3) They have not collected it consistently and the "lots" is the only production data they have.

In any of these cases, GPXM looks like a joke and not the turn around company it wants to be.

Too bad, they look capable, sorry they appear to be withholding data and constantly obfuscating. Why aren't more shareholders outraged at this less than full disclosure?

H3