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June 20th, 2008

Blood in the Streets


D. Stewart Armstrong

June 15, 2008

It’s Official: There is “Blood in the Streets”

I do believe its official: we have “Blood in the Streets”. However, the mess is being cleaned up and the aftermath hidden away very quickly. Those in power don’t want you to know what is really happening. After all, “Blood in the Streets” is not a good thing—its messy, its yucky, and people cant concentrate on their shopping.

However, it must be made to look like its being “cleaned up”, so just consider this condition to be another “hose job” resplendent with copious amounts of “jawboning”. The hose is the best means of “cleanup” especially if the contents from the hose are under pressure. Therefore, we have a pressure washer cleanup caused by a pressure cooker financial atmosphere. Consider this an unofficial warning because we’ve all been hosed ’tis true; however the future holds a host of additional hosings for all of us. This process is going to repeat itself until one of two things happens: the citizens of this country, extraordinarily tired of being hosed, will demand more transparency and truth from their government or we’ll find ourselves a third world country with a currency that is non functioning. What do you think is going to happen? How do you feel this is all going to play out? By all means submit your comments to consulting@seacoastpub.com .

Do you believe the government inflation numbers from their Bureau of Labor statistics? Do you believe what you are hearing (the aforementioned jawboning) or do you believe the prices you are seeing and paying at the gas pump and the supermarket?

Do you believe that the Fed is going to raise interest rates? If they do indeed raise them to support the dollar, it may be lights out. Nothing will hasten an economic downturn faster than raising rates when there is historically high illiquidity, historically high gas prices, and bubbles up the ying-yang. The one thing theyve managed to do via paper is to keep the price of precious metals under the radar. Never forget that the precious metals are the canary in the coal mine; the thermometer of the economy. If the powerful can manipulate the thermometer they can pull the wool over the eyes of average Americans. Currently in terms of inflation adjusted dollars, gold should be somewhere north of $2000 per ounce. So remember the objectives of the Power Elite: Keep the Dow Up and Gold Down (and never let them know you’re hurtin’!)

Now remember, the powerful don’t believe you and I can really feel the economic effects (the pinch) of that $5.00 gasoline, $4.00 milk, and $4.00 bread. In other words, theyve really tricked us this time—yesirreeebob, they really have. We have no idea that theyve plundered (expanded) the money supply and have caused rampant inflation. They are just too clever for the “average type bear!”

Here’s the crux of it: Do you believe that Congress and the current American system they’ve created along with their perks, power, partnerships, and privileged people will be disbanded in order to form a more perfect union? If you do, I not only have a bridge to sell you, I have the river for sale over which the aforementioned bridge was constructed!

If you do have funds for investing, what are you buying?

Surprise, surprise! Precious metals and junior mining companies are at the top of my list. Junior Mining Companies really do have blood in their streets. So what is the old axiom? Buy low and sell high. Buy when there is blood in the streets?

Quality Junior Mining companies are at historic lows; especially in this cycle. Buy! Im going to give you a list of five companies. I think they are at incredibly attractive entry points given their management, their assets, and their locations.

The key here is Patience-Patience-Patience!

I am suggesting that the prices of these companies are reflecting Blood in the Streets. Could they go lower? Well of course they could, but I don’t think by much. A good rule of thumb is not to be too greedy. Take your 60% out of the middle. You’ll never consistently pick the tops or the bottoms. So the best idea is to leave the 20% on each end of the spectrum for those crazy or greedy enough to think they can pick the precise tops and bottoms. I will tell you that right now is an incredibly good time to be buying quality Junior Mining stocks, especially in precious metals and energy.

This is an environment where you or I cannot “talk up” a stock. This is an environment where all you can do is to point people in a certain direction and then they make their own decisions. Keeping quality companies on the radar screen is a good bet for future gains.

We’ve heard it said so many times that you buy low so you can sell high; you don’t follow the herd; you do not behave like a lemming; the crowd is almost universally wrong—don’t follow them, and of course, you buy when there is blood in the streets. This is one of the reasons why I am recommending these companies now– I find them to be incredibly good values considering the projects, their management, and their price.

One final thought on these companies. I personally know the management of each one of these companies having spent hours and hours with them on the phone. They all have integrity. Just because their stock prices are depressed is not an indication of anything other than market shenanigans. These companies will sell themselves if you take the time to visit their websites, review their latest press releases, and do a little “googleing” . Once you realize that the management is square, the rest falls into place given the excellent projects they represent. Remember, these are high risk, high reward types of investments.

Oromin Explorations. (OLEPF.OTC ) Six drills working almost 24/7 outlining enormous deposits in Senegal, Africa. Thats correctI mean plural as in many deposits. I promise to have something more extensive to you in the near future. Suffice it to say, Oromin has to be my number one pick for 2008-2009. It is now selling for less than $2.50. Be certain to visit their website at www.oromin.com. ducate yourselves! You don’t need me for that! Remember that Mine-Tech, the “parent company” is led by Chet Idziszek, an extraordinarily seasoned geologist and business person who has Oromin Exploration, Madison Minerals (MMRSF-OTC), and Lund Gold (LGD.CA) under their umbrella. It would appear that Mr. Idziszek knows many of the movers and shakers in the industry having been named Canada’s Mining Man of the Year a dozen years back after helping to discover Arequiupa. His associates include David Mallo and Doug Turnbull, two of my favorite people in this sector–as much for their humanity as for their geological expertise. OLE is going to break loose one of these days and you won’t want to miss this ride.

Geocom Resources (GOCM-OTC) Excellent management by way of John Hiner and 35 years of experience. Look at their latest press release from South Chile. They have an excellent business model with Kinross, BH Billiton, and Latin American Minerals as JV partners. Price: around $.15 IMO, Id buy a boatload. This is what you call leverage, real leverage backed up by integrity, a very small tight nit group of JV partners such as Kinross and BH Billiton, and a list of high quality international projects that will knock your socks off. Simply review their latest press releases and you will be sold. www.info@geocom-resources.com will put you in touch with Samantha Hayes, Mr. Hiner’s IR representative. Incidentally, contact me for their free GOCM CD which has been a bit hit. Write me at www.seacoastpub.com and I’ll have one sent to you at no cost. It is linear, informative, and comprehensive.

Journey Resources (JNY.CA ) Solid management with excellent silver projects in Peru and in Mexico. www.journeyresources.com They have an excellent website and work with advanced stage projects which are very close to production.. They will be producing silver in the next year or two and are close to having a 43-101 completed. Price is around $.20. This company also has huge potential and I know what Jack Bal is trying to accomplish and that is for Journey to be a major silver producer. This is an incredibly hard working team which includes Andy Prose and Michelle Larmer. Do review their latest press releases.

Golden Phoenix (GPXM.OTC)has been one of my favorites for the last several years. They are selling at around $.17 a share, which I find to be absolutely ludicrous, but hey, that’s just me. They have a molybdenum project in Ashdown, Nevada, which is producing millions of dollars in revenue every quarter, they have the Mineral Ridge mine which holds enormous promise, they have their own drill rig that they are purchasing, one of the best websites on the web, and an excellent management team, headed up by President Rob Martin. I have several articles on this company on this website so again, it is simply one of those situations that begs for attention. Of course, when the stock is at two or three dollars a share, everyone will be saying Why didn’t I know about that company?

GPXM appears to be stuck in a rut, because investors can’t see past a few reservations which may have been relevant early on but are no longer valid. Golden Phoenix is going to be one of those companies that surprise people out of the blue. Only, of course, it won’t be out of the blue but as a result of hard work and perseverance over half dozen years.

Newport Gold (NWPG-OTC Newport is selling at seven cents a share. This is another company that will be a big surprise when it finally gets some real-time exposure. Currently they are in a “building mode” and are being led by Dereck Bartlett, their CEO. Alex Johnston is on board and he is very savvy in the financial end of things. They have a website, which is www.NewportGold.com. They have a property called Burnt Basin in B.C. Canada and all I can say is that it behooves us to review the latest press releases and calculate how much that “rock” values out to on a per ton basis. It is well over $500 per ton “rock” which is impressive by any standards. Newport Gold is a classic “sleeper” and I have spoken to many of Derek’s past employees and all to a person, have had positive things to say about the man. There is a “China Deal”in the works but it is not being heavily promoted at this state. Like I said, they are in a building mode and most people would simply pass this one by–However you now know better.

In my opinion, all of these companies are worth salting away and waiting for the market to come to you. This is why you buy these companies at this point. Some of them are selling for less than book value, and some of them could make, are making significant discoveries. No one seems to care. But we’ll get to do that another time. At seven cents a share, a thousand shares will cost about $70 plus commissions. Do the math. Right now is the time to remember that there is “blood in the streets”.

Dr. Ron Paul and his “Campaign for Liberty”

I want to bring to your attention Ron Paul and his newly formed organization titled Ron Paul’s Campaign for Liberty which can be found at www.capaignforliberty.com. Coming from anyone else, I would believe the slogan to be a cliché. Coming from Ron Paul I believe the slogan and the concept behind the slogan has credibility and he will try to ignite a campaign for liberty. I would highly recommend that you join; at least take the time to review the message. Remember, United We Will Stand. This is an opportunity to put your thoughts into action and I trust Dr. Paul. read more

May 29th, 2008

Golden Phoenix Minerals Inc., An American Success Story - Part I

An American Success Story - Part I

- D. Stewart Armstrong

May 29, 2008

Preface: As I was putting this one to bed, I got to thinking. What really does make An American Success Story? Is it reflected in the share price? Is it the future potential? Is it in the reality or the perception? Is it the management and the project? Is it the stamina it takes over years to build a company and be ever cognizant of the single minded purpose it takes? I think it is a bit of all of all the above and then some. The relevance of any company along its growth curve it reflective of its ultimate success. What I want you to take away from the piece and the ones I’ve written in the past about Golden Phoenix is that this is a company building value for its shareholders and is doing so along the full continuum of its growth curve. I want you to review what the company said they were going to accomplish and then compare it to what has actually been accomplished within that specific period of time. It is empirically verifiable. It is a continuous process of building value for the company and hence for the shareholders. I keep saying “we all want it, and we want it now”. But the big money is made by those who understand trends in the investment arena and get in front of them; recognize true quality; appreciate integrity; and then have the patience and the ability to hold on for the long haul. This is applicable to all companies and Microsoft, Google, and Gold Corp among all the others, have been subject to the same process. How many times have you said. “Oh, if I had only bought such and such”. I think there is a such and such sitting right before us. Who wants to step up to the plate and be part of an American Success Story? I do and I believe.

Introduction

Of all the companies that I have been covering over the past 10 years or so, Golden Phoenix has been one of the most intriguing. Pure and simple, I think it is a real American success story and I personally think the best is yet to come for this junior mining company with a special focus on molybdenum (moly), gold, and silver.

I remember the period pre-Rob Martin and David Caldwell. Back then, it was a bit like the old Wild West and unfortunately the guys in the Black hats were far too many. But many things have changed since those days. The “White Hats” have proliferated and while the company plans for a TSX listing, it continues to ramp up production on their Ashdown moly project and drill for gold on their Mineral Ridge Project. The goal is to eventually run 100 tons of high-grade moly (generally between one and three percent Mo) through their mill at Ashdown. On a consistent basis, those are extremely profitable numbers.

The company turned itself around because it sought out and hired a management team that was seasoned, intelligent and creative. From the boardroom to the mine shafts, these guys instilled a work ethic and a team spirit of which all could be proud. They put into play a business plan that has every probability of success. They’ve engaged people, involved people, and endeavored to create a corporate culture that is both intense and rewarding. I honestly believe that Rob Martin, the President of Golden Phoenix, used his 25 years of success in the private business sector to create a blueprint for success within this company.

Measuring Success

We frequently measure a company’s success solely by the price of the stock; but there are many different ways to measure success. What I believe to be the most impressive trait of this company is adaptability. They have been able to evolve through the different business stages and cycles, which have kept them in the game—kept them relevant—and have done so in a very difficult economic period in America. Why? Because America has chosen to mislead the world about its own business plan, its own accounting, and has refused to be accountable for its own business practices.

Remember, when this company changed leadership about three years ago, there were so many skeletons falling out of the closet that they moved the “Orthopedic Med School of Nevada” to GPXM headquarters in Sparks, Nevada, so the aspiring med students had a plethora of subjects upon which to practice! Ok, so that part isn’t exactly true but you get the idea. They morphed from a “dead company walking”, to an exploration company evolving, to a production company coping, to a full-on producer with positive cash flow that gets better with each passing quarter. All along, they have managed to address one challenge after another while working on a shoestring budget and dealing with the aforementioned skeletons in the closet, and the necessity to change with the ever changing financial landscape. And again, I say to you that this has happened in a relatively short amount of time.

The company has grown from eight to eighty people (in round numbers). But more importantly, the quality of people they’ve attracted has been exceptional. Exceptional people rarely work for mediocre companies. They usually appreciate the challenge of working with the best, and the professionals at GPXM are no different. The three elements that have drawn so many to this company are the quality (grade) of the molybdenum, the team spirit, and the prospects for the future. Ladies and gentlemen it doesn’t get much better than this. And yet, investors are myopic and fixated on what I consider to be the wrong things.

Yes, Golden Phoenix has accomplished much over the past three years—a period that we thought was going to be very mining friendly, and to some extent it has been. But I see it as being a consolidation period as opposed to a rip-snortin’ bull market with share prices going ballistic.

Golden Phoenix has been consolidating right along with the rest of the markets. In this consolidation phase they have been adding value to the company and this is the true value by which measuring success in any company. They are not only purchasing equipment such as drilling rigs, they are developing the total infrastructure at the company from accounting to exploration; from production to sales. This is how one goes about measuring real success for a company.

Finally, remember that all of this “company building” will eventually be manifested in a higher stock price. I know, I know, because I’ve heard from many of you. We all want it and we want it now. I understand that and I am totally on side. Developing a company for the long haul is much more difficult than a cosmetic short term fix; but ultimately, when done properly, it offers up profit potential of enormous magnitude. This is the path the GPXM has chosen.

Please review my past articles on GPXM found on my site at www.seacoast-consulting.com . I’ll be the first to admit I thought the price would be higher by now. But I still believe that part of the equation will be settled in favor of the company. We all have to consider the horrendous financial landscape, which is smacking us firmly on the forehead.

I know this has been a long road—but it feels longer than it really has been. If I could offer but one piece of advice it would be that now is an excellent entry opportunity and this company is going to prove worthy of its name: Golden Phoenix. I fully admit to working for the company and helping them to get the story out. But for those of you following me for some time, you know that I am rather circumspect about whom I choose to work with. read more

May 16th, 2008

America is a Country in Denial

 

D. Stewart Armstrong

May 14, 2008

This is a strange period in America. It is truly Orwellian in nature when down is up and up is down; black is white, vice versa, and Double Speak reigns. There is a strange wind blowing and it encompasses all aspects of our society. We must realize that so much of this strange wind is by design along with its corresponding political ramifications. However, other aspects of this strange wind are a result of a geo-political financial system that is breaking down before our very eyes because it is a system that has been abused to the max. One cannot de-construct the natural order of any discipline without anticipating negative repercussions. Go one step further and mess around with Mother Nature and we have natural disasters on our hands.

It is a period when there is a war but no one wants to acknowledge it. This in itself is exemplified by the fact that flag draped coffins are hidden from the media and subsequently the public. I’m not certain if this is the way to honor the men and women who have made the ultimate sacrifice for their country?

Are we concealing them in shame or because the sight of them may disrupt the shopping habits of the American consumer? After all, a depressed consumer is not a happy shopper. Are we hiding the coffins because they remind us of a war that no one wants to own?

It is a time when Americans are losing their homes at alarming rates and yet no one wants to really address the issue. It is a time when there is a liquidity crisis and yet it too, is swept under the rug. There is more paper /electronic money floating around than at any time in history but Mom and Pop America don’t have access to it—the banks do! Your small business does not. What is the common theme in these scenarios? Could it be that man-made manipulation has finally gotten out of control?

It is a time when there is an enormous de facto tax in terms of gasoline being refined from $125 per barrel oil. Yet no one wants to talk about it except the talking heads on CNBC or the local news anchor complaining about the high price of gasoline.

It is a time when America is borrowing 3 billion dollars a day just to keep the doors open. But wait! Today, May 15, 2008, Congress just passed a bi-partisan farm subsidies bill in the amount (drum roll please!) of $290 Billion dollars. There is so much pork that even the President threatens to veto it; and everyone knows the president vetoes nothing! No problem, our beloved Congress vows to over ride the Veto with a 2/3 majority. These are strange times indeed and I expect to see Dr. Strangelove and Mini-me arm in arm at our local Whole Foods store.

It is a time of enormous inflation and yet Americans have been told it is minimal and it is under control. Routine denials have been built into the financial landscape. Housewives and the family shoppers are looking at food prices that are the highest in 18 years. It is a time of paradoxes when the difference between the “haves” and the “have-nots” grows ever larger just as the middle class becomes ever smaller.

Immigration is an issue that pushes hot buttons but we have been told it is no problem. Yes, it is a strange time indeed. It is also a time when we must have our heads screwed on tightly because a fool and his money are quickly parted, err; if we can agree upon what money really is! read more

May 7th, 2008

Opportunity on a Silver Platter by Jim Willie

Opportunity on a Silver Platter

by Jim Willie CB May 6, 2008

home: Golden Jackass website

subscribe: Hat Trick Letter

Jim Willie CB, editor of the “HAT TRICK LETTER”

Use the above link to subscribe to the paid research reports, which include coverage of several small cap companies positioned to rise during the ongoing panicky attempt to sustain an unsustainable system burdened by numerous imbalances aggravated by global village forces. An historically unprecedented mess has been created by compromised central bankers and inept economic advisers, whose interference has irreversibly altered and damaged the world financial system, urgently pushed after the removed anchor of money to gold. Analysis features Gold, Crude Oil, US Dollar, Treasury bonds, and inter-market dynamics with the US Economy and US Federal Reserve monetary policy.

Editor: This opening paragraph above is a “pitch” and yet one that I believe has enormous implications for the entire geopolitical/financial system. I’ve deliberately allowed it to remain. For the full on version, resplendent with charts and graphs, visit Jim’s site at www.goldenjackass.com Take the time to read some of these articles even if you don’t understand each and every concept. After all this is how we learn. I’m certain that if you Email Jim with a specific question, he will answer it. Jim is well versed in statistical analysis, a subject I almost didn’t get through in college! Jim Willie is a new member in the Gift to the Gold Community. Please remember there is nothing to be gained, no quid pro quo, to be advocating Jim’s work.

And now for the Piece: Opportunity on a Silver Platter by Jim Willie

Once every several months, an opportunity is presented on a silver platter to purchase a spectacular investment in a strong uptrend, with loud indications of continued upward trend in price. Gold is heading well past $1200 and silver is heading well past $25 in the next several months, despite the orchestrated annihilation of honest valid reporting. How many times have the clowns on Wall Street and the financial subservient media networks claimed that the worst was over for the US Dollar, gold, the US Economy, the housing market, and bank bond losses? My guess is about once per year for the last five years, all wrong, and still wrong, just louder wrong now in tone. Has anything been fixed on the economy, housing, mortgages, or banks? No! The flow of US Fed repo money to banks has improved, that is all. That is not a remedy, but a bandage tourniquet, grossly misinterpreted.

Some relief has come for the US Dollar. My past article pointed out a pennant pattern and imminent breakdown that did not occur. Long-term corrections are difficult to call. Prospects for fundamental improvement are not visible, but the story has been sold, and sold vigorously. The embattled buck could easily see a couple months of reprieve, one month finished, one month more to come. The heavily oversold US$ condition needed to be cleansed in order to enable another powerful down leg. US bank dilution has provided needed cash, retail sales (especially cars) have been horrendous, housing prices and inventory have been miserable, foreclosures have more than doubled nationally versus last year, home builders are slashing prices amidst mammoth losses, business capital investment is on the wane, inventory levels are building, and gasoline prices (utility bills too) have put a major crimp on consumers. Meanwhile, the US Dollar has rallied based upon hope, prayer, and marketing. If truth be known, the Plunge Protection Team has been busy doing what they usually do best, corrupting with crucial interference in certain markets. They have been propping up the bank stocks, the homebuilder stocks, Detroit carmaker stocks, the Fannie Mae stock, and more, enough to lead to moderate rallies in the S&P500 and Dow Jones Industrial stock indexes. If truth be known, a massive coordinated effort has followed the G7 Finance Meeting, as central banks have been conducting overnight operations to prop the US Dollar. The crippled world reserve currency is inflicting damage on their domestic economies like an acid rain, as their floors fall out from higher consequent domestic currency exchange rates.

What has happened in the last few weeks, of real importance, which has made a difference? The US Federal Reserve has indeed plugged in their sizable lending facilities. They have taken in some garbage AAA mortgage bonds, overpaid on refund prices, and had to re-balance their own bond portfolio. US banks do not face bankruptcy as was the case several weeks ago; a scenario brought about by insolvency plus illiquidity. The effect has been to improve the US bank portfolio mix, but their insolvent status remains on a non-borrowed basis. Banks in aggregate have a slightly better liquidity position, but still a negative overall condition. Big deal! The US banks have gone from minus $100 billion to minus $90 billion in non-borrowed reserves. Huh?!? The problem is fixed? Methinks not! Can banks proceed without further bond losses after housing prices have fallen during the last few months, and during the next few months? Methinks not! Another huge round of bank bond losses comes in just a few months. Be patient. The night of bond loss follows the foul day of continued home price declines. read more

April 18th, 2008

Golden Phoenix: Letter from the President

Ladies and Gentlemen:

I’ve been a big proponent of Golden Phoenix ever since the new management took over some two plus years ago. It seems so much longer than that. Rob Martin, who is a friend, and a very smart, savvy, and intelligent individual, wrote this attached letter to the shareholders. It is comprehensive, concise, and clear.

I’m certain that many investors involved with the Junior Mining Sector have been taking a beating lately; ain’t no two ways about it. GPXM is selling for about $.20 a share. I am personally purchasing more shares to add to my portfolio because I feel, based upon what I know about this company and it’s management, that it will eventually bounce back; and bounce back in a big way. These are “gimme” prices and I’m like a kid in a candy store. I can’t help but believe that this is the kind of company that will build fortunes for individuals clairvoyant in the ways of investing in the junior mining metals companies of today. My opinion is that large share positions will bring extraordinarily large rewards and these prices allow me to build a large share position. We all need to evaluate our own financial situation and of course realize that any investing in today’s markets is a risk unto itself. Always do your own due diligence.

Another one of the primary reasons I’m posting this letter is because I would like for you to extrapolate certain general themes of information that Rob is presenting and apply them to your own favorite companies and the market in general. You see, Rob is excellent at just about everything he does and that would include thinking, creating, and writing. When we get together for our weekly chats, I need a tape recorder running to pick up his ideas and his phrasing. He and David Cauldwell, along with the rest of the team they’ve assembled, are going to do extremely well.

Yes, yes, I know we all need money now and who has time to wait when the mortgage is due. But it may take another three or four months or several years. GPXM is building a company, not a stock play. Please remember that with any of these quality juniors that I bring to your attention.

A stock play is here and gone and any value is ephemeral in nature. Better be very quick or you’ll miss the one or two selling opportunities. A quality company on the other hand keeps building value over time; and while there may be cycles with which to wrestle, the trend is always up if it is managed properly. Why? Because a company that is struggling to build value over time is one that has the best interests of its shareholders at heart. I could not personally emphasize that more! Because of this scenario, there will be time for reaping just as now is the time to be sowing.

In my opinion, today, there are opportunities galore in the Junior Mining Sector. Investors have a second chance here. I personally don’t plan on squandering the opportunity.

And now, here are the comments of Golden Phoenix’s President Robert Martin which I have found to be honest, straight-forward, not “sugar coated” in any way. It’s exactly what I’d expect from the President of a company which is endeavoring to build real value over time.

 

GOLDEN PHOENIX MINERALS ISSUES PRESIDENT’S LETTER TO SHAREHOLDERS

SPARKS, NV, April 11, 2008 -Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM -News) today issued the following letter to shareholders, posting it on its website: http:www.golden-phoenix.com. It follows in its entirety.

Dear Fellow Shareholders:

We are often asked about the growing dichotomy between the Company’s rising success, truly a monumental accomplishment, and its falling share price. I am doubly aware of this: I left the ranks of outside shareholders to join the fight to restore, rebuild and revitalize Golden Phoenix and I am a shareholder.

Our share price is especially disappointing considering our accomplishments over the last 40 months. Your Company has:

Retired the majority of the Company’s debt

Concluded its five pending lawsuits with significantly favorable settlements

Permitted, built and put into operation the Ashdown mine, which generated more

than $10 million in sales from molybdenum in 2007.

Expanded all affiliated operations from 6 employees to 75

Upgraded all accounting and audit functions to meet the increasingly stringent

Sarbanes-Oxley requirements

Created a Technical Services Group

Launched a state-of-art exploration and drilling division.

We are taking the steps necessary to reverse the trend and bring the value of the shares in line with the value of the Company. A list of possible reasons for the decrease in the share price and, more importantly, what we are doing to reverse this, follows: read more

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