Dr Air, Ouch on AUM.t AUMN. Looks like market does not like the financing. I saw it coming. When I saw your list with my name, I was going to post Golden Minerals was the only company I didnt feel confident on, for the short term. When they were .50 previously with $30m cash, they were a screaming buy. From the contest on the shares being in the $1.20 range recently, they were dead money and will be for awhile.
Now on the other hand, they have tremendous assets and I have met the mgt 2 times. I like them. Cash flow wise, they were tremendously in the gutter due to closing of Velardena. Long term, that was probably the best thing to happen as they were able to eradicate their old inefficient inherited unionized labor force that was doing about 1/3 the work they were supposed to do. They had $15m cash, and I think they used it wisely for the future in the streamlining of operations, finishing the development of the ramp and the 9000 meters drilling, that netted new high grade veins outside the current NI43-101. They are guiding for mine cash costs between $12 and $15 dollars (half what they were) and yearly cash flow of about $5 to $8 million per year at $20 silver and $1,250 gold when they are fully ramped up mid 2015.
Recently the company just spent $1.5M on this micro producing mine 20 KM from other company operations. I suspect they will, further drill, widen the ramp and use the ore to feed the Velardena mill.
Golden Minerals Announces Acquisition Of Santa Maria Mine In Mexico And Drill Results From Los Azules GOLDEN, Colo., Aug. 12, 2014
All in all, I think they are doing a good job surviving and preparing for the future. This was a $29 stock. A long ways off but, If they set things up right at Velardena, get something going ( sale or JV) with their premium El Quevar project in Argentina, get a moderate bump in the POS, I think they could cruise back to $29
I'll leave my shares parked and pick some more up on the first site of success. 3.69M units at $0.86 each Still only 47M OS.
Checkmate28
