Hi Cockerel:

This wording from the company's Dec. 18 update sounds very ominous if the shareholders do not approve the company's proposal:

"If stockholder approval is not obtained at this meeting, Golden Minerals would be in default on the loan, giving Sentient the right to declare the loan immediately due and payable. Without external financing, the Company does not expect to have sufficient funds to pay the Sentient loan and accrued interest, either on an acceleration or at its original maturity in October 2016, and continue its business."

If shareholder approval is not received I wonder if the company could then request some new relief from Sentient other than the potential action described above. That would mean that the company's future would depend entirely on Sentient's decision with AUM having no bargaining strength in the matter. All just my understanding - might be in error.