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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: Untiring weakness, trending down, what's the real reason?
Icon president PS
13
Nov 25, 2011 05:09PM

"give us something new..."

I believe that management has stated (at least twice) that there would be a new statement of 43-101 resource in Q4, (before Jan?), and I believe that much of the existing Velardenia resource was understated, given that ECU was working veins for a year that weren't even included in the resource report...and that the old report was completed in 2005-6 when silver/gold were a lot cheaper...

Meaning that the existing resource should be revalued upwards, new results since 2006 should also be included, and many "inferred" ounces should be revised upwards to measured and indicated.

I believe that more M&I ounces will prove the value of the shares, and the profitability to the institutions...and that any move to come in this AUM stock must be driven by institutional buying...after all, we're already in, aren't we!? We must have new buying to prompt short-covering...either that or a takeover offer...

AUM does have "Hard Assets" and that's the name of the conference. What is needed is the "Eureka moment" to trigger a paradigm shift in thinking about this company, (and the JPMs in general), as happened in 2005-6.

$200/ounce silver would also help...and luckily, I can afford to wait...(no tax-loss selling for me Sinbob)

gildage

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