Re: GWR ... calling on your expertise -caseyc
in response to
by
posted on
May 12, 2013 01:21PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
"I wouldn't be surprised if Golden extended the warrants and maybe even lowered the exercise price now that most likely some insiders/traders have accumulated a ton of them for almost nothing, and what recently happened was someone got the word that this was the plan. Just a thought."
I too would like to see AUMN extend the life of the warrants, but I don't think that that will happen.
Re accumulation of the warrants, the trading pattern suggests that this would not seem to be so. The warrants, manipulated as much as the stock, haven't traded for about three weeks, and then only about 8000 on Friday.
However, should the stock share price ever take off before next February, the percentage gains of the warrants will be something to watch, based on Friday's closing price. However, I hope that this comes to pass. Everything is in place for the sp to rise - the new ramp completion next quarter, then the boost in production, which leads to profits and maybe market recognition of what a resource the company has. Of course, the shorters can/will help boost the share price, and I would like to see them do a really good job when they try to cover the largest ever short position that exists today.