SPXP: inactive security. FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

SPXP SEC Suspension because of questions regarding the adequacy and accuracy of information about the company.

https://www.sec.gov/litigation/suspensions/2021/34-91170.pdf

Order:

https://www.sec.gov/litigation/suspensions/2021/34-91170-o.pdf

noone sees the ss here? any volume and this is gone! need some filings will call company today

90s up SPXP

anyone in touch with these pos its been forever... need to contact someone.. so thin this could move on filings fast

IAN D JONES shows on Nevada sos

anyone have terrys email? added small 13s today

Yes I agree

patience here should pay off on anything that hits see ya later 300 mill as lol

Snagged a few 7s $SPXP

What are you seeing? Tia

new things coming soon imo

Who knows?

is this stock worth buying??

What is the story here?

down ta~.OOO8???LOL!!!!..***what go wannn here????

kiwi, I got nothing on them. I read Threw-er-back's post, not sure this company is even still alive? I think it would be worth emailing the company. I'll do it in the morning, let me know if you hear anything and I'll do the same. Tia

Stocktrader - SPXP (0.04) mentioned in Threw-er-back post today on ~*~ Mining Mania ~*~ board Re: Ecuador To Allow Mining Exploitation - 2012

Do you have any thing on SPXP? seems Sprit Exp is dead!

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41472989

Maybe is worth emailing Tom Cunningham, President Email: tom@spirit-exploration.com to find out?
http://www.spirit-exploration.com/contact

Kiwi

Anyone here still holding on? If so, can you give me a possible reason on what happened here? tia

are we ever going to turn around this thing?!?

Spirit Exploration, Inc. Comments on Recent Political Developments in Ecuador
Friday April 25, 7:22 pm ET

BAKERSFIELD, CALIFORNIA--(MARKET WIRE)--Apr 25, 2008 -- Spirit Exploration, Inc. (Other OTC:SPXP.PK - News) provides the following comment on recent developments following the publication of a new mining mandate adopted by Ecuador's Constituent Assembly on April 18, 2008. The new mining mandate invokes an immediate 180-day suspension of activities on virtually all mining concessions in Ecuador while a new mining law is drafted and adopted. Spirit is awaiting formal notification from the Ministry of Mines and Petroleum of the effects of the mining mandate on the company's operations, as defined in the final provisions of the mandate. Spirit's management is committed to working to create value for shareholders as it continues to monitor the situation in Ecuador. Spirit is seeking further clarification from government officials on how the new mining mandate will be implemented and will provide additional commentary as more detail becomes available.

Due to the negative volatility of the world derivative market and the upheaval in the mining sector in Ecuador, Spirit Exploration, Inc. has suspended its funding negotiations with Quote Platform Syndicate. We are pursuing other avenues of funding and will be updating our shareholders in the very near future.

yeay! another flat day
maybe shorts and MMs can go away for a bit so accumulation can take over before news or a possible buyout/merger comes up

not sure! lol
i was in and out with profits early last year....just want something good to happen here again tho

Anyone Out There Whos Actually Buying/Selling?

Is there anyone looking at this thread thinking they might buy spxp? What are your reasons for why you think its worth a shot?

Anyone who used to own this and sold. When you sell? After the big fall off from $2? Did you sell for any reason other then momentum?

Thanks.

Press Release Source: Spirit Exploration, Inc.

Spirit Exploration, Inc. Reports the Union Carbide Findings of 6,300,000 Tons of Measured and Indicated Ore Reserves at the Emerson Tungsten Mine in Nevada
Thursday March 6, 12:44 pm ET

BAKERSFIELD, CALIFORNIA--(MARKET WIRE)--Mar 6, 2008 -- On February 20, 2008 Spirit Exploration, Inc. (Other OTC:SPXP.PK - News) announced that it has signed an agreement to purchase the Emerson Tungsten Mine near Rachel, Nevada from Nevada Minerals, Inc. As part of the due diligence process, Spirit has reviewed all the old reports and findings from Union Carbide, the owner of the property when the mine was in production. The most important of these reports was the original Scope Engineering Design Memorandum that detailed the ore reserves, mine design and the process engineering that ultimately led Union Carbide to construct the Emerson Mine and Concentrator at an estimated cost of $25 million. The mill started processing ore at a rate of 1000 tons per day in September 1977. At that time tungsten prices were rising steadily reaching levels of around $155 to $165 per STU by 1981 with occasional short peak to $195 per STU. In August 1981 the world tungsten market suffered a shock. China, with the world's largest tungsten reserves, entered the world market as a major low cost producer. There was also a recession in 1980-1981 and a general reduction in mining and oil drilling, both of which use tungsten carbide tipped drill bits. Furthermore, the US government decided to sell tungsten concentrates and compounds from the Strategic Stockpile. Within weeks the price fell to $100 per STU and within a few months to $32 per STU. After a review of mining costs and market conditions in 1982 the project was placed on "care and maintenance" and the work force was reduced to cover only site security, environmental monitoring, maintenance and related activities. Nevada Minerals acquired the property in August 2004.

when i created this board......oh i think back in october, i was pretty pleased with what i had found out about the company. and i think i still am. i rarely have the spare time to contact them directly, but do hear things from time to time.....and i do like ecuador gold corp too. (their parent corporation)
i enjoy investing in precious metals, and the companies that mine them....so that was my premise in getting behind spirit.
i too am very disappointed in the major downturn in the pps but i do not think its the end of spirit.
they continue to have good news every now and then and i foresee a nice future for spirit. and that can mean 2 things really.....a healthy growing business with great profits that raises the pps, or a healthy company that gets purchased by another company either in mining, or wanting to expand there. its not out of the realm of possibility
JMHO

Well my original thought was that they just redid their website, where info was much more easily accessable (though it was available before but just difficult to find), and perhaps people started reanalyzing it and not just going off of a random gamble.

I know there were some pump and dump mailings but as far I understand, this was quite a ways back and not too widespread according to a website that tracks spam.

I had been following this since October, and I thought it was too expensive then at around $3. When it fell to under $2 back in november, I bough a position. Then it all colappesed. I did a lot of research to try to figure out what happened. I contaced the investor relations, they had no idea what was happening. I contacted a reporter that does an online site for news related to ecuador mining, and she hadnt heard anything. So i recently doubled my position in it at a share price of around $.60, and now its down to $.43.

I have a good timeframe and still like the fundimentals even if the technicals are obviously really bad, so Im not too worried, but Im really wondering if there is somehting going on here. Is the market just shell shocked and all the buyers being afraid to jump in while the owners are just trying to sell and try to foget their pain? And then nothing to worry about... or is there really a problem? Because I cant find any negative info or news anywhere that would epxlain this.

Sidshow... How did you yourself find out about this company, and what got you interested to run this thread? What are your thoughts about the underlying potential of the company? You have any theory about what could possibly be going on?

i can actually agree with all of that in principal....however something is def different here!
i really dont know, really got sick of it taking it on the chin.....and then heard of p+d spam emails being sent out....i never like that
just trying to let the smoke clear before really digging up on it
any other thoughts? lol

Anyones's thoughts?

So SPXP has slid again, falling to $.43. With about 48 million outstanding shares, the company now has a market share of just under $21 million. The company has about 1.1 million oz in known reserves, so at the current price of $980/oz, thats about $1.08 Billion in gold reserves. Put in another way, thats about $22 of gold per share.

Doing the same type of analysis of Auerillian resources, the company that found the huge 13.7 million oz deposit in ecuador, is has about $92 per share. They have not started mass scale production either. It is currently trading at $9.38 per share. The ratio of $ of gold per share over price per share is roughly 9.8.

Now aeurillian has a much larger deposit making it more feasbale to extract and disperces the fixed costs of capital over more gold, so I wouldnt expect spirit to be trading at quite near the same multiple, but at 9.8 as an estimate, spirit should be trading at about $2.40 ($22/9.8). And this is based on an estimate of spirit not finding anymnore gold, and it is neglecting any copper, zonc, and silver mined or the tungsten mine just aquired. And this is what the market was doing until the recent and seeminly unjustified collapse.

So does anyone have any thought on what is happening here? Why is the market giving such a low $20 million market capitalization for spirit? Am I flawed in my analysis?

vol died right out here.....

looks like sideways trading here until shorts go away...........
IMO

Anyone Who Owns SPXP... How Have You Determinged A Valuation Estimate?

There are about 48 million shares outstanding, and at a price of about .70 per share, it has a market cap of 33.6 million.

I am completely at a loss of why it had such a huge drop recently on no news. My only thought is that their website was revamped right about this same time and perhaps more people read more info on it then before and have come to a new valuation estimate. What are your thoughts?

I have done my own analysis, and assuming that Spirit gets to the production levels that they are planning int he intermeadiate term for the Mulcany Project, and using industry averages for price to sales ratios, an estimate base price of gold of $900 per oz, and ignoring any sales of other metals, I predict a stock value somewhere around the $3.50 range. Now obviously to maintain this, more reserves would have to be added beyond the roughly 1.1 million oz, but considering the Mulcany project will produce cash flow in addition to the new tugnsten mine, if that goes through, they will have the ability to agressively explore their concessions and not worry about running out of cash like most junior miners.

A similar type of estimate seemed to have been the market concesus for quite a while as the share price was between 3.50 and 2.50 for most of the past 6 months. I am just wondering why the sudden change, and as described above, a rethinking of valuation based on the more accessable info on their website is the only theory I can think of.

Your thoughts please.

Thanks.

http://www.alacrastore.com/company-snapshot/Spirit_Exploration_Inc-2104521

The property in the PR is the Rachel Property in Lincoln County Nevada. Ed fought over it in court against Gary Walters, I believe, and won.
It was an old Union Carbide plant, if I remember. Its not a mine.

absolutely. i would hope they check very deep. The mine is Emerson {koch]?

Hey Tavy, I won't belabor the negatives, but would hope if its a decent company, the company would do some DD.

OH boy the same crew from CMKX lol

Careful who they deal with - John Edgar Dhonau, Nevada Minerals
Spirit Exploration, Inc. (Other OTC:SPXP.PK - News) is pleased to announce it has signed an agreement to purchase the Emerson Tungsten Mine near Rachel, Nevada from Nevada Minerals, Inc. This acquisition supports Spirit's strategic direction to broaden their product base and derive production from multiple countries. Thomas Cunningham, President of Spirit, stated, 'We are extremely excited about...


TRY GOOGLING DHONAU+CMKX

ty for that ebase! so much going on lately, i feel like ive been ignoring this board

Spirit Aquires Tungsten Mine in Nevada

Spirit Exploration, Inc. Diversifies Its Mining Operations by Signing Acquisition Agreement to Purchase the Emerson Tungsten Mine in Nevada
Friday February 22, 9:00 am ET


BAKERSFIELD, CALIFORNIA--(MARKET WIRE)--Feb 22, 2008 -- Spirit Exploration, Inc. (Other OTC:SPXP.PK - News) is pleased to announce it has signed an agreement to purchase the Emerson Tungsten Mine near Rachel, Nevada from Nevada Minerals, Inc. This acquisition supports Spirit's strategic direction to broaden their product base and derive production from multiple countries. Thomas Cunningham, President of Spirit, stated, "We are extremely excited about this acquisition as it strengthens the company by adding tungsten production to our mix of products and also gives us a producing mine in the United States." Tom added, "We believe, at the present tungsten prices, the Emerson Project is not only feasible but could generate significant profits for Spirit Exploration, Inc." This agreement is subject to final due diligence to be completed by May 5, 2008.
ADVERTISEMENT


The mine and plant were built and developed by Union Carbide Corporation in 1984 and operated for 9 years. After a substantial investment, Union Carbide decided to stop operations in 1993 due to the collapse of tungsten prices. Up to 2005 it was not economically feasible to consider opening the Emerson Mine with tungsten below $65 per unit in market value. In 2005 Tungsten reached $270 USD and has remained at least $250 per unit since. The Emerson Project will be a complete mining operation, which would include an underground mine, major rail and conveyor systems, laboratory and testing facility and a completely enclosed in-house floatation plant. The plant and operation is placed on 400 patent acres near Rachel Nevada. Spirit has sent a geologist to the site who is reviewing previous work conducted by Union Carbide and conducting a site inspection. Spirit will be reporting on the details of this work.

About Tungsten

Tungsten has the highest melting point of any metal and hence its usage in lighting filaments. As tungsten carbide, it is an exceptionally hard material, used in machinery, cutting, drilling and wear applications. It is one of the heaviest metals - a property that finds use in counterweights and armaments (armor-piercing ammunition and armor-plate). It is a key element in tool-steels - most notably in high speed cutting steels. It is primarily used as carbide to harden metal-cutting tools and as an alloying agent in steel-making. The combination of these properties, particularly in ordinance and specialist machining operations, gave it status as a component of the US strategic metals stockpiles.

About Spirit Exploration, Inc.

Spirit Exploration, Inc., a Nevada Corporation, is an exploration stage mining company. Through its 99% owned subsidiary ECUADORGOLDCORP, S.A., Spirit Exploration is in the business of acquiring, exploring and developing mineral (gold, silver, copper) concessions in Ecuador. Spirit is in the process of bringing several mines into production. We have acquired, and we have additional options to acquire, a diverse range of mineral production and exploration properties in Ecuador.

Further information is available on the company website: www.spirit-exploration.com

Forward-Looking Statements: Certain information and statements included in this release are intended to constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.


IN 1996, THIS ARTTICALE DESCRIBES THAT THE MINE'S RESERVES AND EQUIPMENT WAS WORTH $90 MILLION. TUNGSTEN IS NOW ABOUT 4-5 TIMES HIGHER IN PRICE. DOES ANYONE HAVE ANY INFO ON WHAT SPIRIT PAID TO AQUIRE THIS MINE?

American Technologies Group's wholly owned subsidiary, New Concept Mining Inc., completes purchase of the Emerson Mine and Mill Facilities from Teledyne Industries.
From: Business Wire Date: April 4, 1996 More results for: Emerson Mine tungsten | Copyright information COPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.

MONROVIA, Calif.--(BUSINESS WIRE)--April 4, 1996--American Technologies Group's wholly owned subsidiary, New Concept Mining Inc. (OTC Bulletin Board:ATEG.U), has made its final payment of $50,000 to Teledyne Industries to complete the purchase of the Emerson Mine and Mill at Tempiute, Nev.

The total purchase price of New Concept's mining properties by ATG was $2.4 million.

New Concept Mining recently acquired the mine, along with all of the tungsten ore reserves, mill buildings, offices and property, from Teledyne Industries. The current value of the reserves and facility are in excess of $90 million, and the ...

man what a beating this thing has taken. shorts were all over it after the last little run

SPXP looks like a tuesday morning rally!!!!
up +.27!!!!!!!!!!

i agree, major short action all of a sudden it seems

I think there is a short going on here, and the mm's are going to panic when it goes back to 2 bucks

SPXP.PK is “One to Watch”

Spirit Exploration, Inc. signed a letter of intent to joint venture a project with Franzosi S.A., an exploration company based in Quito, Ecuador. The project is called Maria Olivia, and the company has planned a four phase outline in order to extract minerals from the mine. Phase 1 commences startup exploration, Phase 2 the company will put its drill program into place, Phase 3 the company will begin underground extraction (mining), and in the final Phase 4, the company will begin construction of a 200 ton plant and mining extraction.

The other project that the company is currently working on is the Muluncay Project; an acquisition of three mines and a flotation processing plant in Southern Ecuador. The mines are already producing gold, and while they have produced their first shipment of concentrate, it has become evident that the company will have to make several upgrades to produce the best results from the mines.

Spirit Exploration, Inc. is a mineral exploration and development company. Primarily working in Ecuador, the company identifies and acquires lucrative mineral resource properties and mines located in the region. Up until October 19, 2007, the company has gained 2,050 hectares inside the Regional Mining District of Azuay, and ten days later they acquired 13,503 hectares of land through their subsidiary, ECUADORGOLDCORP, S.A., which is a natural resource exploration company with an objective of acquiring, exploring, and when applicable, developing natural resource properties.

Southern Ecuador has ultimately become a very attractive region for mineral exploration companies. With unexplored areas or under explored areas, a stable mining code, opportunistic labor pool, few restrictions on capital flows, and good infrastructure, the country is an inviting area for exploration. Ecuador is mineral rich with the same geological framework and mineral potential as its neighbors, Peru, Chile, and Colombia although it remains under-explored compared to those countries.

Spirit’s business strategy includes acquiring rapidly positive cash-flow mining sites, using local networking to acquire premium land packages, structuring acquisitions to avoid upfront costs, and using local mining talent to minimize technical costs while joint-venturing to minimize exploration and development expenses. With advantageous procurement terms already in place, Spirit will be able to better manage its finances while fully evaluating optioned properties. Ecuador’s readily accessible mineral deposits combined with relatively unexplored terrain and modern mining techniques, make mineral extraction in Southern Ecuador a financially attractive proposition.

yea, it's been up for a while, needs a little pullback

this is just a little profit taking, I am still very confident that this will hit the 2.50 range by week's end.... definitely going to average down here

well, looks like a little pullback here to allow for new entries, and more strength heading into 2.50 resistance...averaging down a bit here

Spirit Exploration, Inc. Updates Shareholders on Recent Events and Positive Company Direction Going Forward

Last update: 9:02 a.m. EST Feb. 11, 2008

BAKERSFIELD, CALIFORNIA, Feb 11, 2008 -- Spirit Exploration, Inc. (PINK SHEETS: SPXP) today announced an update for shareholders. The update includes certain recent Company developments as well factors in the Company's future direction. Many positive developments have occurred since Spirit last updated shareholders in early December of last year. The update covers the Company's goal of a listing on a senior exchange, funding, mining operations as well as management changes. The individual topics are discussed below.
Becoming Fully Reporting Company and Listing on a Senior Exchange
Over the last 2 months, Spirit Exploration has filed its audited consolidated financial statements on Pinksheets for 2006 and 2007. Additionally the Company has filed its Form 10 with the Security and Exchange Commission which included those audited financial statements. The SEC has responded with comments and our response to those comments is close to completion pending only final engineering confirmations. At the completion of the SEC review process, Spirit will be a fully reporting Company. We expect this process to be completed within the next few weeks. The Company intends to apply for a listing on a senior stock exchange immediately upon completion of the Form 10 review process.
Funding of Spirit Exploration
As previously announced, Spirit Exploration is in the process of obtaining multiple financings that will enable the Company to aggressively pursue its business plan throughout 2008 and into 2009. The Company has presented what we believe to be all documentation required to be presented to the underwriting group to complete a subscription of $20 Million in Asset Backed Notes. The Company is also pursuing additional short-term funding opportunities that will enable the Company to properly pursue its business plan.
Mining Operations
Last year's election of President Correa is seen as very encouraging for mining companies working in Ecuador. President Correa has commented that Ecuador's path out of poverty and growth as a nation is through mining and Spirit believes he will continue to strongly support laws and regulations that enable foreign companies such as Spirit Exploration to conduct full-scale operations.
Currently, Spirit through its wholly owned subsidiary, ECUADORGOLDCORP, S.A has a number of projects under way. Spirit, with its new funding, will aggressively move forward and increase the number of gold and other precious metal projects dramatically over the next two years. For more information on current projects see: http://www.spirit-exploration.com/projects/.
Management
Thomas J. Cunningham has joined the company as President effective January 15, 2008. Mr. Cunningham has over thirty years experience in natural resource exploration and development. His experience with publicly traded companies, the Securities Exchange Commission and the American Stock Exchange will be very valuable as the company moves forward with application for listing on the AMEX and/or other stock exchanges.

About Spirit Exploration, Inc.
Spirit Exploration, Inc. (an exploration stage company), through its 99% owned subsidiary ECUADORGOLDCORP, S.A., is a natural resource exploration company with an objective of acquiring, exploring and if warranted and feasible, developing natural resource properties. Activities during the exploration stage include developing the business plan, raising capital, and acquiring properties in Ecuador which have mining concessions granted by the Ecuadorian government.

Aheadofthebulls.com was compensated $25,000 USD from Gross Mkt. LLC for coverage of this company

Time to bounce! Todays dip does not discourage me at all and I am confident we will push right back to that 2.50 level bud

Looking for a move over $2.50 next and then on towards $3.