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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (157508)	5/7/2009 8:30:11 PM
From: LoneClone	Read Replies (1) \| Respond to of 313566

GPXM is a sad story. They had a JV with terrible partners on the world's richest molybdenum vein at Ashdown but managing to get the mine up and running,, then got into a bun fight with the partner, and then when moly cratered were forced to sell out their interest to that partner. There are now two questions: 1) will the partner actually pay? 2) can they get some money to get their gold play at Mineral Ridge into operation? And of course, will they survive at all? Getting Mineral Ridge into production will undoubtedly require a JV partner, but this time they will be the owners picking who they will work with rather than being stuck with untrustworthy jerks like their Ashdown, in which they farmed with WEX. I have too large a position very underwater. The most active board is on Raging Bull, but most of the regulars are still pretty well shocked into silence by what happened. LC