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: AUMN: 3Q

Silverbull, normally, I would agree with you 100%. But this is not a normal scenario anymore. Fundamentals for these miners have seemingly gone out the window. Not to be redundant, but I firmly believe that the lack of retail interest allows these algos to disregard good fundamentals for the "all-clear" to manipulate them lower. This is pure speculation (and I realize that you, and others, have always tried to present a positive environment on this board), but I believe there is something else going on with the PM juniors. With the potential for financing, to roll out cap-ex projects, being squeezed by credit weary banks, juniors are being forced to become more flexible with the conditions of their private placements, and convertible offerings. A quick example: this morning SWC stated thet they were going ahead with a $300 million convertible offering. Why would a company sitting on $2 share in cash, do a convertible and have their stock lose 9% in one day? Are these companies financing needs being forced by the banks? Until the manipulative ways of the algos are broken, the significance of fundamentals has greatly diminished.

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