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

To: Vince Moretto who wrote (657)	10/24/2008 10:29:42 AM
From: hubris33	Read Replies (1) \| Respond to of 811

>>>That’s what we’re about – bringing value to our owners and putting value into our shares.” <<< Interesting spin when the share price is trading at Bankruptcy levels. I found it fascinating in your report that you asked about head grade such that we could all "calculate" the production parameters. Too bad you didn't suggest to management that they take a Sunshine Policy and provide that information. This company will continue to the the providence of "stumble bumbs" as you put it until they do the things that other mining companies do. No institutional investors is going to step up to the plate in this environment when they have to guess at production and cash flow. Sad, an otherwise capable group of guys appear to be just plain stone cold BLIND to reality and what they need to do to run a professional outfit. With a global recession looking like it will be more of a reality than speculation one has to wonder how long Moly prices can hold up? I see Moly has slipped to the $29 range down from $34 used in earlier calculations. A BIG fade in Moly prices would be a BIG hurt on GPXM. If they aren't generating any cash, then they'll have to cut "discretionary spending" i.e. drilling on the gold property. Of course as close as these guys are to the edge anyway, a couple of quarters of losses and it is all over. Sure wish I could see a way for this company to emerge better off. Good luck investors. H3