The siituation of ECU kind of reminds me of the situation with AK Steel back in 2004. The company was facing some tough fiscal problems with pension obligations and a huge glut of steel. Suddenly with the low steel prices enough companies faced bankruptcies and all of a sudden their was a huge shortage of steel, and AK quickly went from 2 to 70 for a 30 bagger, even though the company faced some very troubling economic times it quickly prospered.
It reminds me of ECU because of the negative sentiment of their financial position. I just feel sentiment can and will change very very quickly if silver continues higher like we expect and the big danger will be ( as was AK Steel) selling the stock after a double or triple of the lows.