Re: The numbers on proposed purchase of Hecla Plant - gwr1
in response to
by
posted on
Jan 28, 2009 04:15AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
I got it, we are in agreement; 750,000 is part of the price. The total price to implement is somewhere between 10% and 20% of the company.
I definitely see the value of the mill. I dislike the lack of patience demonstrated. I may be naive, but I wonder over and over why businesses don't do what we do. That being to reign in spending in every possible way to wait out the bad times. They have a cash flow that doesn’t meet expenses in their current operation. That operation involves a huge outlay for exploration. That is a bet on the future, but is VERY expensive outlay.
I wonder if the best long term solution wouldn’t be to become a turtle and wait for the price of silver and lending to recover rather trying to continue an old plan in changed circumstances. That and the contracts with the devil are what put the bee in my shorts.
I worked in a small hi-tec firm that was very successful by many standards. During one corp meeting the president/founder stood up and said his goal was to make as much as the banks or taxes. Either one would make the company a top 1% performer.