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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: Corporate responsibility
6
May 31, 2012 12:26PM

Couldn't disagree with your opinion more, Lute. The last thing they need to do is spend precious cash on a stock buy back. As it is, it sure looks like they may have to go to the market in the not too distant future to sell more stock! We knew that the burn rate was high, so it should come as no big surprise. Perhaps they have a lot more dispositions coming up, but what a lousy market to be selling mining rights into.

We need to spend our cash as effectively as possible, and not buy any stock back. If it's true that the stock is being manipulated, then even a buy back would only offer temporary relief, very temporary. We need to move equipment out of Argentina and ramp up production in Mexico, so that we can take advantage of what we hope is a coming up turn in the precious metal mining market.

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May 31, 2012 07:06PM

May 31, 2012 07:07PM
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