A quick read gives the following impressions. AUM plans to resume operations at Velardenia if enough money can be raised. Present funds are predicted to be exhausted later this year. Startup would cost about $500K. Need to sell assets or shares to come up with the money. Production estimates are based on the company's own evaluations - no outside assessment is available. Company might need to liquidate if this plan fails. Rodeo is ceasing production.

A lawsuit has been launched based on the actions of a subsidiary of ECU several years ago. Claim against ECU/AUM is over $12 million. Court hearing in the near future. Meanwhile the company is going to do the reverse spli at 1 for 25. Very poor alternatives facing we poor shareholders - try to sell into the present rotten market for AUM shares or hang on for what appears to be very poor, if not disastrous, developments in the next few months. I imagine management and directors are still receiving their cheques.

Very sad

https://www.goldenminerals.com/news/golden-minerals-announces-restart-of-silver-and-gold-mining-operations-at-velardea-and-provides-update-on-capital-resources