Re: I find it hard to believe

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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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MajorD

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Re: I find it hard to believe

in response to

I find it hard to believe

Scruffy

posted on Nov 15, 2010 10:37AM

I believe that most shorts covered last Tuesday after receiving a margin call on Monday. I believe we had over 7MM in volume when we saw the price spike to $1.44. Friday's close seem to cofirm this as we basically erased the day's lost in the last hour of trading.

Also reading GWR's post (Friday or Saturday) reporting the the debt was in process of beeing restructured (No Nov 30th or Dec 31st payment required) shows me that there is no reason to short the stock given that new financing is quite unlikly.