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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: Propping up my memory

Propping up my memory

posted on Oct 22, 2009 09:51PM

After today's trading, I am now reminding myself why I am putting myself through this pain.

ECU fundamentals have not changed.

  • We will see in a couple of weeks that they are now cash flow positive.
  • There is a drilling program planned that could/should substantially increase reserves, and move numbers from inferred to measured and indicated.
  • The inground value of the metal in the ground could/should increase.
  • Being cash flow positive will allow the company to finance the drilling program internally, without going to the market for financing.
  • All in all, the share price is undervalued.
  • The PoG and PoS are in bullish patterns, the shenanigans of the Boyz notwithstanding.
  • The US$ is in decline which is good for gold and silver

I could reduce the pain by buying more shares on the drops, but I am all out of funds, or by not watching every trade. I guess it will have to be the latter. Strengthen your fingernails.

Cheers.

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