Gold Junior Seen as an International Up-comer

Loading...
Loading...
It has taken two weeks, a trip to a Nevada mine, eight hours in a truck and a miner's dozen hours on conference calls, Skype and e-mail. But I finally figured it out. Golden Phoenix (
GPXM
), two years ago a rubber-band's width from Chapter 11 insolvency, has engineered a strategy for gold production, footprints in three nations and royalties that one day could become an El Dorado annuity of income for shareholders. Longtime director and investment banker Thomas Klein is the earth mover in Golden Phoenix's rise from the ash-pit. Mr. Klein joined Golden Phoenix during the 2007-'08 credit crisis. Since then, the 50-year-old Montreal resident has erased nearly all debt, settled lawsuits, downsized, eliminated royalty obligations and sealed what looks like a potent joint venture at Scorpio Gold's Mineral Ridge Gold Project in Nevada.
Continue reading the article
.
Market News and Data brought to you by Benzinga APIs
Posted In: Long IdeasTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...