PDAC....
posted on
Mar 09, 2011 04:47PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
I did have an at length conversation with Michel. I really don't think it's appropriate for me to talk about specifics here as some information is rather sensitive and as you know this is a war, and we are going into one of many battles. I'm a student of Sun Tzu.... However, just so you know, they are quite quite aware of the stock depressant situation. That should be enough. They are not worried....and neither should you....remember ...battle looms.
I didn't address the AMEX listing....didn't see your message until after I spoke to him. They were both (Steve/Michel) at the after hours Sprott party, which was by invite only and well attended....I got a chance to speak with Rick (Rule) and Eric and the buzz was Silver....as you already know! Michel and Steve were working the room with all the familiar faces.....Just to share, OT, Rick was impressive! Him and Doug espoused dividing up your wealth into 10 or so speculative investments, to mention a couple Gold, silver, Junior miners....Uranium (from Doug, not Rick, Rick had already sold out as he evangelized it in 1999!!!), Water, Geothermal Natural Gas....The last 3 were Ricks specific areas of investment, he admitted always being a couple of years early, but "58, what's 2 years!!", he's spent a lot of 2 -3 yrs waiting for investments to reveal themselves and Eric liked that....I completely agree with Eric's choice to fold in Rick, as when the time comes, Eric will need to have exit strategies for some of his plays. Oh, Rick has "millions andmillions of shares in the Geothermal space" and is arguably the largest single investor on the planet....
There was electricity in the air....admittedly this was my first PDAC, and it was the most attended, as you probably already knew. There were hundreds and hundreds of miners out there, and it was obvious a lot were selling snake oil. Doug Casey was also there and had a large presence....Frank Homes of USFunds had some incredible words in his presentation, I encourage you to goto USFUNDS.com to look at them.....and to read his blog....good stuff.
Somehow I have to apologize for going off topic....but hey.... what the heck.