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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Re: Mill update
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May 21, 2009 04:20AM
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May 21, 2009 08:32AM
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May 21, 2009 09:15AM

Hobbers, our lender IIG has no issues with ECU business plan and never has had, they have been supportive for years and will accomodate the company for many years yet if needed. If you recall the debt repayment schedules and amount of line of credit have been altered a number of times over the years to meet the needs of ECU's plan. None of the institutions or funds have had an issue with this debt level for such a large resource (only the chithouse clowns ever make anything of this). What these large insitutional investors wanted to see was the economics, the ability to make money from operations and generate cashflow from operations especially in this changed environment of today where ability of accessing captial is greatly diminished. Where size of resource and growth of resource was once king, it now must include production to attract investors.

With money now flowing and operations running very well the focus will start to return to size of resource and resource growth and ECU has never disappointed and still has lots of upside both in increasing cashflow and building resource. Now the market needs to go after the traders and hedge funds who have been messing with this stock and having their way for far to long as the companay has very effectievly altered startegy and in a very short period of time. Only the buying as a result of this significant progress made will bury these hedgies and reset the shre price much higher. I want to see the hedge fund boys/traders have to put up more capital to play their computer program games as this will diminish those games.

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