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: What about Golden Minerals?

Read the filings on Golden Minerals as they are quite clear about the present status of the company since the care & maintenance news of last June, 2013. Everyone who owns stock knows the present status of the company and anyone who at this point suggests they wnat to know about what the company is doing to improve the bottom line is just trying to bate and hook others or disparage the company, there is no bottom line nor has there been for close to a year.

Someone new comes on here using language like scam and bottom line and wondering why the stock price has gone up or down is simply looking to creat trouble or has another agenda. Where have you been, the market for precious metals has been in the tank since the fall of 2012 in what has been the most aggregious and maybe most aggressive takedown probably in market history and you show up out of nowhere talking smack. The people left here need these kind of distorted accusations and comments like a hole in the head given the aggressive shorting (actual & naked) experienced here along with a failure by management to get the operation profitable at depressed gold/silver prices and the Clevenger insult of allowing some new US based mickey mouse engineering firm to bastardize the respource report for Velardena after years of multiple good reports from a world class firm like Micon.

For what it's worth and I know this isn't why you showed up with all your assertions, the market has stated quite clearly lately, at least to me, that Golden Monerals is undervalued ergo the bounce in the stock price from very oversold firesale prices (dirt cheap in my view like mnay other junior precious metal companies). The company has about $19 million in the bank with no debt as of Jan 1, 2013; a large inventory of top notch mining equipment; they completed the new ramp to allow easy access to Santa Juana and other mines which can allow many multiples of the present mining rate; been doing exploration drilling which has been reported on; working on a re-opening plan for Velardena; in protracted discussions on JVing El Quevar (not a surprise given market conditions); made some management changes as reported last fall; cut salaries & costs; continued to rationalize exploration property holdings, etc.

Agreed it may not be all that shareholders would like or want but given market conditions that have prevailed since the fall of 2012 with the gold/silver price collapses of spring 2013 the company has made some progress and the markets recognises a little of this with a higher share price off the bottom.

BTW, I was a buyer at the bottom and averaged down most of the way down over the last couple years, my loss which I expect will be a very good gain again someday as precious metals continue their recovery over the next few years and Golden Minerals re-starts production and becomes profitbale. This company has the potential and in all likelihood will be one of the 30-50 baggers talked about by Erick Sprott & Rick Rule lately and wait for it Sprott still owns 485,300 shares the last time I looked, not a huge position but a position nonetheless.

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