Welcome To The Golden Minerals HUB On AGORACOM

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: $0.50

Re: $0.50

in response to by
posted on Jul 30, 2009 02:47PM

I disagree a bit.
ECU share price will dip below 0.50C$ if gold and silver drop further in price. Large drop in PMs means quicker drop below 0.50. However if gold ( silver tied to it) for instance holds $930 to 940 we stay level.
Should gold go well above 940 then we should appreciate a couple to a few cents. That is until the next dore bar report.
Once that report comes out it is good for at least five cent rise. If it is better than the last one ( i.e. no work stoppage this time involved ) then it is good for a 5 to 10 cent pop.
Should they also include a financial statement where we are level or appreciating cash then it is above 10 cent rise and probably a lot more.
Current down trend, though slow is mostly due to PM prices which are lower. Imho.

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