Re: AUMN: Research - more on this subject
in response to
by
posted on
Sep 28, 2011 03:11PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Actually Baba I believe they mentioned selling or JV'ing a few of their 40 properties assets to raise some capital when and as required. This doesn't preclude raising capital others ways just they made clear their preference. BTW, the company is a long ways away from having to raise any capital and please keep in mind the revenue stream projections they were very clear on from Velardena as well as there will likely be a short delay in building El Quevar as they re-assess how much should be mined from open pit and how much based on underground mining, this is a very good thing so a short delay is in our best interests from a profit and cost perspective.
To me this is not much more than the shorts playing games as they have done with countless gold/silver companies (including real good growth stories in other sectors like ORT.A) and those shorting (or trading) don't have a clue about the fundamentals of the enterprise nor do they care. They only care about having their way and making money and they seem right now to have the power (money) to do this and turn otherwise rationale investors to their side by scaring them into selling, fear is a powerful emotion and the market has lots of it around these days. I note that most of the trading and bid structure on both the buy and sell side is being generated by computers in small bid ask amounts, a sure sign of manipulative players.
I was buyer of a small amount of AUM again today and have bids in the system. I suggest anyone who owns stock in AUM or has a vested interest to place some bids (any price level) into the system to mess with the computers as this will accomplish more than any management personel trying to fight the shorts which is the regulators job. It also means you are trying to do something to help as opposed to sitting on one's hands.