Don't undertsand the continued selling of Golden Minerals stock at this mega cheap firesale price. Some things simply make no sense. Thankfully Sentient stepped up to fill the gap for the 2016 corporate plan and yes it caused some dilution but this was way better than the alternative. The company will still only have about 70 million shares out with a hundreds of millions of ounces of silver resource between Mexican projects & El Quevar and still serious resource upside from exploration along with 2 mills, major access development completed at Velardena and significant mining equipment. I should also mention the company will be making $5 million US from leasing the oxide mill in 2016.
This company is maybe the cheapest on the board given it's asset base and certainly offers major upside should gold/silver ever get a decent price discovery in the next few years and if ounces in the ground or assets are ever given a decent valuation again. As Rick Rule said recently companies that are valued at $15 million and been pounded will once again someday be $1.5 billion and noboidy will be believe it and few profit from it. I plan on profiting with AUM/AUMN in a big way going forward, you can choose to think me crazy or maybe once again have a little hope and buy assets on the megacheap like Rick Rule.
Some would call Rule a vulture picking the bones of investors who can't take it anymore or who just throw in the towel at the stupidest time or can't see good value in what they wrongly perceive to be a dead asset class, in fact that is my view. But it is wrong to blame Rule for buying value when others dare not or have been beaten to a pulp and can't bring themselves to think clearly after years of pain, just or unjust as it may be the market is reality and the only market we have. Don't let others get all the upside or stand still or you will miss a major opportunity of a lifetime for the second time.
Good luck to all who are still around and don't despair as our day is coming once again in a big way going forward the next few years as the world economy makes hard & needed adjustments that are long overdue and gold/silver will reassert their legit role in the mix.
