Re: Amazing
in response to
by
posted on
Apr 08, 2011 09:38PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Your absolutely right Scruffy. And I am one who believes a dividend might just plug these shortsellers for good. Saying that I'm not sure a penny would do it. What figure? I will let everyone try to analize that. The fact is we need some positive milling results. I to have been very frustrated and I am still over 50 % down at this point. So no matter what I am sinking or sailing this storm out.
I do believe we will soon see better regulation it's just a matter of time. The puzzling part to me is with 40.00 silver and 1475.00 gold we should be well in the 15.00 dollar range even without great drilling results. The question is what is the reason for such high costs to the company? Even CNBC agrees that any drilling company should be making sizable profits at these prices.
And if the answer is short squeeze these nakeds lets spend a little money to rid of them. I myself would without a doubt put any dividends to purchase more ECU. So if we all followed the same suit in a matter of time we would squeeze them out for good. I'm just not buying that silver needs to increase in price at this point. Although it wouldn't hurt either.
The really good part of this all is that silver will continue this climb upwards. That will eventually send this stock through the roof. I have made my thoughts known that I believe 50.00 silver will rear its head this month. I also believe gold will easily turn to 1500.00 by that same token.
The last thing I think may happen will be a quick retrace before they both soar of to new highs before June. That said I am truly believing in having physical metal the next few months. After that I think ECU will start showing positive cashflow. [At least I hope so.] Soooooooooo if that all works out to my calculations ECU should be running 1500 to 2000 tpd's a day. In no way do I think we will see nothing but a beeline up. But I do still think the dividend idea might actually help the company. They could use all the lawyers and banks they want , but a lot of people would be buying up those shorts real quick with a dividend from any mining company.