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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: PATHETIC PERFORMANCE!!!
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Aug 28, 2013 11:08AM
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Aug 28, 2013 04:48PM
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Aug 28, 2013 07:26PM
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Aug 28, 2013 07:49PM
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Aug 28, 2013 08:04PM
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Aug 30, 2013 09:45AM
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Aug 30, 2013 12:35PM
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Aug 30, 2013 12:53PM

I agree with a shutdown of all operations, the sooner the better. We had $30 million June 30 and estimate a balance of $16 million at the end of the year. Restart would probably eat up the $16 million before cash flow turned positive. The company has only 4 months life left if we continue the current strategy hoping that metal prices increase by the end of the year. If we shut down all operations now, we could gain maybe another 6 months of wait time with sufficient resources to restart. If we continue our current burn rate, we are bankrupt in 10 months or less. The vultures will pick over the bones and current stock holders will be left with nothing after the bankers and lawyers are paid (and management salaries continue to overlook the yard sale.) Somebody will get a good buy.

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Aug 30, 2013 04:27PM
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