Sorry I did't read the the posts by Deer and the reactions on his post before posting this.

I think this messageboard does not serve anyone, when we are not allowed to write down our impressions an opinions. Most of the people here have been shareholder of ECU for a very long time and even in those days the timing of private placements has been pretty bad for most shareholders. I remember the placement at 90 cents, when we were finally climbing out of the gutter, and back we went.

I think that 90% of management of PM miners simply does not care about the market as long as they get their salary. The salary is so good, that bonuses for good performance don't give them an extra incentive. And what happens behind the scene and under the table will never be known, but I don't discart anything in today's market.

In my opinion, gold and silver are tremendously undervalued and we will get that gradual or sudden repreciation sooner or later. We will get it when most of the physical gold and silver has shifted hands from the early owners to the "smart/crooked" money and the same will happen with the mining shares. When the big money will decide that they have accumulated enough, we will get the reset of gold ( and silver?). That may be in a few months or in a few years.

Either way, I will not give them my shares of mining companies that will greatly benefit of that reset. In my opinion AUMN is one of them, not just because of velardena, but also because of the other 80 properties they have. When the price of gold is allowed to go up to levels where mining of marginal mines becomes profitable, this company will be one of the stars in the sector. That is, if management does not sell it for next to nothing before to some cronies. Until then I will keep my shares and try to accumulate, if I can.