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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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Message: Re: confusion in the market
12
Jun 24, 2011 12:01PM
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Jun 24, 2011 12:05PM
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Jun 24, 2011 12:35PM

The chance of ECU developing our mines to a large operation were not looking very good. If a 1500 tpd mill costs $60 million, we would have had to issue at least 60 million shares. Now, with this merger, we can either self fund, or at $20/share, we would only need to issue 3 million shares on a 40 million share float. Also, we had kicked the debt can down the road for years and it was now coming due and the problem was we did not have the money. Problem solved. Part of ECU's problem is our property is so extensive that exploring it and developing it are not cheap.

23
Jun 24, 2011 03:17PM
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