Re: Fabulous report
in response to
by
posted on
Jan 24, 2008 09:27AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
This news will drive the stock MYER, you must give the funds, institutions and retail investors a little time to absorb the immensity of this report. It's simply way too much info that none of these groups expected to see. Only a few investors really saw this coming and it was from years of work and much analysing and modelling and time spent with managament of ECU. Funds who invest in precious metals can never ignore a billion ounce depsoit in the making and will have to have ECU in their funds, just watch.
The float of ECU is a positive as it fairly tightly held but large enough to allow liquidity an ingredient more sought after today then years gone by especially when you have a huge billion ounce deposit emerging. Have you not oberved that many successful companies make efforts to split their stock today so liquidity is available. The companies that have smaller floats and hope for discoveries never split because liquidity kills them.
I also expect the company to turn the mill back from testing to positive cashflow and profit which will finance more activity going forward and negate the need for more large financing until mill expansion is determined late this year. I also expect most costs for any expansion wil be loan generated with only some equity. I guess if a must have investor came along the company would have to consider letting them in as any growing company would but I don't know what the outcome of this would be.
I am very long this story and have my eye on the end game which is a takeout at much higher stock price, multiples of the present stock price. Don' let this market take your hard earned correct investment return, you deserve it because you have been right and will prove to more right as this story evolves.