Maybe Bill Murphy of GATA helped our volume today
posted on
May 22, 2009 11:27AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Bill, a long time holder of ECU, did a little promoting yesterday evening in the lemetropolecafe.com. Maybe he helped attract some new $'s. Specifically:
"As veteran Café members know, my largest share position is in ECU Silver, which I have owned since 1999, and have even visited their mine way back when. Never have I seen a stock trade in such a bizarre fashion … going sideways, trading up and down a penny or two a day, and on decent volume … following good news after good news. Someone has to be massively short. May they be blown to smithereens one day soon…"
BabyBulls.com
Revealing Undervalued Micro and Small Cap Companies
May 21, 2009 –
ECU Silver Mining Inc.
(TSX: ECU)
In a press release this morning, ECU Silver Mining Inc. (TSX: ECU) reported the pouring of a total of 78 silver/gold dore bars in the past month. The silver/gold dore bars have a total weight of 1,575 kilograms (kg). Assays indicate that these dore bars contain a total of 626 ounces of gold and 30,544 ounces of silver. The Company also poured an additional 13 bars this week, assays for which will be known later, and expect to pour 300 to 450 kg of dore per week, depending on silver assays of the feed.http://www.babybulls.com/profile_ecu... .
ECU has sent samples of its dore to different interested buyers and are in the process of reviewing several term sheets from these potential buyers of our dore bars. The interest in the Company’s dore product has been very strong and so far have received offers from seven different buyers. The Company has sold 730 kg of dore bars to date and have a planned shipment of another 1,100 kg for later this week to two separate buyers.
The oxide mill continues to operate very well. Over the next few weeks, ECU plans on increasing the throughput of its gold and silver recovery oxide plant to a rate of 500 tonnes per day.
This pretty much says it all and indicates that operations of the recently acquired mill continue to go quite well. Using current gold and silver prices, the Company has produced approximately $1 million worth of gold and silver. Significantly, the Company indicated its intention on increasing throughput at the plant to a rate of 500 tonnes per day. With its enormous resource of more than 431 million silver equivalent ounces in combination with its current and planned production capabilities, we look forward to the growth of the Company and its progress and success going forward. As always, we will provide timely reporting and analysis of ECU’s activities to ensure that we maintain an informed investor audience.
For more detailed information about ECU Silver, its properties, and its opportunities, please look at the investment overview available at