I wrote this to respond to an attack on the SH board.
posted on
Sep 24, 2009 06:13PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
1.Why are the dore bars' grades decreasing after so much work was put into production?
The feed stock put into the mill determines the out put. The amount of gold and silver recovered will vary depending on the amount of the resources in the rock. What they are improving is the percentage that is recovered from what is available.
There will always be fluxuations in the amount recovered.
2. Why can ECU projections be trusted after such a decrease in grades?
See answer number 1.
And you should look up the definition of projections.
3. What was the cost of production of the most recent dore bars?
The numbers will be out when they file quarterly and year end financial reports. I wouldn't expect otherwise.
4. Why was the loan payback renegotiated with silver increasing so much?
Because they have better use of the funds for drilling and buying the equipment to add 400 tons a day capacity to the mine...oh and the terms were good and they could.
5. Have the insiders paid back their very low interest rate loans?
Not to my knowledge.
5#2. You seem to have (2) number 5 questions.
Is another PP coming up thus limiting upside stock price?
Maybe maybe not. It seems we are a profitable company at this point. If they have a reason to do a PP to expand the mill they might. But they apparently just bought equipment to add 400 tons a day to productions so my guess is NO!!
6. Why was there such a bailout from the warrants recently (seemed to indicate the coming stock price fall)?
Maybe because the shareholders made such a stink they backed off. I applaud them for doing so.
7. How will the approx. 300,000,000 shares out continue to impact share price if low grades of dore bars continue?
Well that is a question and a potential statement of fact.
The question: How will the approx. 300,000,000 shares out continue to impact share price
Just as it always has...
The potential statement of fact: if low grades of dore bars continue?
I don't believe the dore bars are low grade. I think they are exactly what they should be based on the many variables that go into the final output of the mine.
8. Why doesn't mrsouless get off his useless butt and find and postthe answers instead of castigating someone who is ticked by ECUperformance?
He didn't have to I did it for him.
9. How do aboraconners write their crap with a supposedly serious demeanor and NEVER ask pertinent questions?????
Because we have a position based in knowledge and fact. Not one based on innuendo and vitriol.