I would easily accept negative opinions about AUM if it was one of the few or outstanding in it's sp depreciation. However that is not so. All PM shares and commodities in general are having these symptoms one degree or another.
So I am not going to comment more on AUM, 99921 did a fine job, much appreciated.

So may I add a bit about investing and holding in more general terms ( repeat from previous years).
We all know that commodities and especially precious metal prices along with their stocks are severly depressed. Price depression can occur and hold position if long term criteria mitigate them. However when it comes to gold and even more so to silver we all know that these prices do not represent reality but heavy handed manipulation.

This manipulation can not last. It is just a fundamental fact of nature, call it human? nature if one so desires. That manipulative bubble will burst. Question remains when. Chine is the likely trigger.

My investing is based on the above premise.

Primary means is through silver, secondary gold and remainder through rest of metals.
That mainly means through their stocks because I expect when things hit the perverbial fan stocks will appreciate later but more, percentage wise.

Taking silver as example. I hold some silver bullion in form of coinage. But the bulk of my hope is in silver stocks. THose stocks must hold substantial resource in relation to market cap and management style means little as determining factor. Managment can readily change, note ECU to AUM. Resource of decent quality and quantity can not be denied. It is money in the bank. THe only threat that it has is substantial share dillution before the metal is mined.

I am not a big investor, nor very knowlegable, but what I have is focused on silver and AUM.

Wishing all here more patience, Ed.