Golden Minerals

[inapdave]

Silver is down to $33 this morning, which certainly makes it possible for AUMN to spike down to $7, which would wipe out the entire rally it had starting in early September of 2010. At this point that $7 area seems like a magnet and a low risk buy point.

[NYBob]

12thman & gimmieMYcash welcome Modes to GOLDEN MINERALS COMPANY (AUMN

I know we will be a great silver producer
ECU production is a great addition

http://investorshub.advfn.com/boards/edit_msg.aspx?message_id=67353500

http://investorshub.advfn.com/boards/board.aspx?board_id=5810
God Bless

[value1008]

You don't want to sell when the stock is at the low point in its volatility.... I don't own any shares right now but these prices are very tempting at this price. Problem is that non-producers are being treated like scum the past 7 weeks by the markets, and so AUMN has really taken a hit along with a lot of other developmental stage juniors. But if you think this pps is at or near bottom, and think price of silver (POS) is staying at least in the $30s or higher going forward the next few years, it's a great buy, for this co. has MASSIVE silver deposits....

[hotvoltage]

I used to own ECU Silver until I noticed that Golden minerals was taking them over. I dumped the stocks and bought the Golden Mineral ones instead. Is this company going anywhere or should I sell the stock?

[gsfl]

I'm back in at the close. Thought it was a good time to load up again. Plus my ECU shares converted over and I'm not to keen on just having 100 shares of something so lets go AUMN!

[gimmeMYcash]

Go AUMN!! I'll be updating the I-Box this weekend. This one will run!!

[inapdave]

Lots of bullishness in AUMN's chart now. Big volume today, two straight bull flags and a likely move up to $16-$20 soon.

[inapdave]

Another bull flag forming. Chart looking more bullish now. Just need a close up through $16 on strong volume.

[inapdave]

I'm putting my rally hat on. It looks like AUMN is ready to rally to $16 or so. While the stock is in a strong downtrend there are positive signs emerging. A small bull flag has formed within a larger bear flag and RSI looks ready to break out above the 50 level. We really want to see RSI get above 50 and continue to rise. I think a quick rally up to the $16 level should start next week.

[inapdave]

Bottom in? Today's close is a buy signal (at least short-term). The stock still has several levels of resistance to get through, but today was the first sign of bullishness in over 2 months.

Time will tell.

[albertwall]

Golden Minerals Company ("Golden Minerals" or the "Company") (NYSE Amex: AUMN) (TSX: AUM) announces results for the second quarter 2011.

Second Quarter 2011 Results

For the second quarter 2011, Golden Minerals recorded a net loss of $18.6 million, which included $9.1 million of expense related to the El Quevar project, $4.3 million of exploration expense and $3.9 million of administrative expense.

At June 30, 2011, Golden Minerals' aggregate cash and short-term investments totaled $86.2 million, which included $85.0 million of cash and cash equivalents and $1.2 million in short term investments.

As previously disclosed, during January 2010 the Company acquired Hochschild Mining Group's 35% interest in Minera El Quevar S.A. in exchange for 400,000 shares of its common stock and a Common Stock Purchase Warrant (the "Warrant") to acquire 300,000 shares of its common stock exercisable for three years at an exercise price of $15.00 per share. On April 13, 2011, Hochschild exercised the Warrant on a cashless exercise basis as permitted by the terms of the Warrant, which resulted in the issuance to Hochschild of 104,889 net shares of the Company's common stock on April 15, 2011. Following the exercise of the Common Stock Purchase Warrant, the Company has no warrants outstanding.

Merger with ECU Silver Mining Inc.

[gimmeMYcash]

Thats for that. Looks like those with dry powder may have a opportunity soon if this transpires. I appreciate your T/A skills my friend. Go AUMN!!!

[inapdave]

Bear flag formed. My guess is that AUMN breaks down soon and tests the support at $10.20 or so.

[AmericaTheBrave]

7.4% up today... I hope the recovery goes on and on and on... I would really like to see the 20ies soon.

[AmericaTheBrave]

Intersting: Short interest data

Settlement Date Short Interest Avg Daily Share Volume Days To Cover
7/29/2011 834,621 94,692 8.814060


Read more: http://www.nasdaq.com/aspxcontent/shortinterests.aspx?symbol=AUMN&selected=AUMN#ixzz1UvTnltoO

I think it will be much higher by now... gut feeling of course

[inapdave]

Support is at $10.30 and then $8. Would not be surprised to see a move close to $8 intraday, which is where I'd load up.

[12thman]

Done and thanks!

[gimmeMYcash]

12thman, Put me on assistant and I'll spruce up the I-box for us.

AmericaTheBrave and I MOD the ECU board. I'd be honored to contribute here. I'm long and strong and with this merger being enevadable, I'd be happy to help out over here with the I-Box. I wonder if there will be a name change or symbol change.
I was part of the merger between Silvermex and Genco last fall and Genco kept it's symbol, but went with the Silvermex name. I can't imagine Golden Minerals doing anything of the sort, but would be curious if there will be any changes like that. I'll be following here as well. Right now at todays close ECU holders seem to be getting the short end of the stick of this deal based only on TODAY'S PPS and the current conversion price.
It will be interesting to see where the PPS of each stock will be at the time of the conversion. I'd buy the AUMN shares over ECU right now based on todays trading only. I think that things will be pretty even by the time the deal is executed. I think we all will benefit this fall from the merger as these two companies should really be able to put out a lot of PR's on exploration and mining with all the combined properties. I'm very hopeful for this.
I picked up some cheapies today. What a couple weeks it has been, but the longs must relize that this equals a good buying opportunity. Thanks to the people who got scared of the PPS action or for those who had to cover margins with the DOW's recent action, as I got some cheap shares :) The blue writing is what I make of the past weeks trading in the miners.
The metals have done VERY well the past year and PPS of miners as a whole is not reflecting. I'll be long and strong on both ECU and AUMN!! GO AUMN!!!

[AmericaTheBrave]

That's some nice charting, HTJ. Thank you

[inapdave]

Updated chart. The stock has really collapsed after breaking through a long-term uptrend line. I posted yesterday morning that the stock could see $14-$15, but didn't think it would happen one day later. There is a tiny gap from last September that needs to be filled and that should happen tomorrow. The RSI and Slow Sto are oversold so I would think the stock could fill the gap @ $14.10 then find support. With that said, the chart is broken and will likely need several month to build a base. Unless there is major positive news I would not expect a solid rally to start until mid-late Q4.

[MWM]

Thanks!

[MWM]

Hey 12th can you add these to my old Ibox?

shares outstanding = 31.2M
fully diluted shares = 34.2M

[MWM]

That is not bad at all, better than I was thinking...

[value1008]

Hi MWM, the last paragraph of this news release gives the new updated count:
shares outstanding = 31.2M
fully diluted shares = 34.2M


Golden Minerals Company and ECU Silver Mining Inc. Announce Merger of Equals Creating a New Growing Silver Mining Company

http://finance.yahoo.com/news/Golden-Minerals-Company-and-iw-2448467955.html?x=0&.v=1

GOLDEN, COLORADO and TORONTO--(Marketwire - 06/24/11) - Golden Minerals Company (AMEX:AUMN - News) (TSX:AUM - News) ("Golden Minerals") and ECU Silver Mining Inc. (TSX:ECU - News) ("ECU") are pleased to announce that they have entered into a definitive agreement to combine the two companies creating a new leading junior silver mining company with a portfolio of growth projects, primarily in Mexico and Argentina. The combined company will retain the Golden Minerals name and remain headquartered in Golden, Colorado. The combination of Golden Minerals and ECU (the "Transaction"), which represents a merger of equals, has been unanimously agreed to by the boards of directors of Golden Minerals and ECU, and both boards of directors will be recommending that their respective shareholders vote in favor of the proposed Transaction.

Under the terms of the Transaction, which will be structured as a plan of arrangement (the "Arrangement") under the Québec Business Corporations Act, each ECU share will be exchanged for 0.05 Golden Minerals shares and $0.000394 in cash. Upon completion of the Transaction, existing Golden Minerals shareholders and ECU shareholders will own approximately 49% and 51%, respectively, of the outstanding common stock of the combined company.

The Sentient Group, one of Golden Minerals' largest stockholders with approximately a 19% ownership stake, has indicated to Golden Minerals that it supports and intends to vote in favor of the proposed Transaction. Sentient has also expressed an interest in investing further capital in the combined company to retain its current proportionate ownership, although no agreement has been reached.

Highlights of the Transaction:
•Creates a new leading junior silver mining company with an attractive portfolio of assets consisting of the silver mining operations in the Velardeña mining district, Durango, Mexico; the El Quevar advanced exploration project in the Salta Province, Argentina; the advanced exploration-stage Zacatecas project in Zacatecas, Mexico; a number of drill testing projects in Peru (Cochabamba, Jehuamarca), Mexico (La Pinta), and Argentina (Atlas); and a large portfolio of approximately 40 exploration properties in the reconnaissance/target delineation stage located primarily in South America
•Creates a combined company with greater scale, financial strength and an enhanced capital markets profile
•The combined company will have sufficient cash to advance expansion plans at Velardeña and the continued development of El Quevar
•Combined basic market capitalization of over $600 million, based on current prices, with an expected increased liquidity profile on both NYSE Amex and the TSX
•Improved access to global capital markets to assist future growth efforts
•Potential expansion of broker research coverage
•Combines complementary management teams with proven track records of success to enhance and expand existing portfolio of assets
•Golden Minerals' management team, with its strong expertise and proven track record in mine building and operations, to focus on optimization and potential expansion of Velardeña mining operations
•ECU's exploration expertise to further enhance exploration efforts at El Quevar, Zacatecas and other drill testing projects across South America
•Large portfolio of projects combined with enhanced scale and broader reach to create opportunities for growth in existing and new jurisdictions
•Increased leverage to precious metals with significant base metals credits
•Combined Measured and Indicated resources of approximately 25 million ounces silver, 26 million pounds lead and 37 million pounds zinc
•Combined Inferred resources of approximately 187 million ounces silver, 2 million ounces gold, 1 billion pounds lead and 1 billion pounds zinc
•Opportunities to expand current resource base in Mexico, Argentina and Peru

Jeffrey Clevenger, President and CEO of Golden Minerals, stated "The combination of Golden Minerals and ECU presents a unique opportunity for the shareholders of both companies to participate in the creation of a new silver mining company with an attractive pipeline for further growth. It accelerates our combined corporate growth plans utilizing Golden Minerals' operating experience and ECU's strong record of exploration excellence and discovery. We will continue to grow the combined company with discipline, and use our financial strength with a view to creating future value for all of our shareholders."

Michel Roy, Chairman and CEO of ECU, stated "This combination represents a true merger of equals and provides the shareholders of both companies an opportunity to participate in a uniquely positioned silver mining company. Golden Minerals' and ECU's asset portfolios and management teams are highly complementary and provide both companies with increased opportunities to leverage the extensive, highly prospective projects in Mexico, Argentina and Peru."

Transaction Details -- The proposed business combination between Golden Minerals and ECU is expected to be completed by way of a court-approved plan of arrangement and will be subject to the approval of holders of not less than 66 2/3% of votes cast by holders of ECU common shares and by holders of not less than 66 2/3% of votes cast by holders of ECU common shares and ECU's outstanding options, warrants and convertible securities voting together with ECU common shares as a single class. In addition, a majority of the common stockholders of Golden Minerals must approve the issuance of the Golden Minerals common stock to be issued in the Transaction. Full details of the Transaction will be included in the ECU management information circular and the Golden Minerals proxy statement, both of which are expected to be mailed to their respective shareholders in July 2011.

Under the terms of the business combination, shareholders of ECU will receive 0.05 common shares of Golden Minerals (the "Exchange Ratio") and $0.000394 in cash (approximately $125,000 in the aggregate) for each share of ECU held. All of ECU's unexercised options and warrants will be exchanged for Golden Minerals options and warrants, respectively, with the number and exercise prices of such options and warrants to be adjusted based on the Exchange Ratio.

Based on Golden Minerals' last closing stock price, the Exchange Ratio represents a premium of approximately 7% to the 20 (trading) day volume weighted average trading price for ECU. The Exchange Ratio represents an "at-market" transaction based on a 20 (trading) day volume weighted average trading price of each of ECU's common shares and Golden Minerals' common stock.

Upon completion of the Transaction, the combined company will have approximately 31.2 million shares outstanding (34.2 million on a fully-diluted basis) and Golden Minerals shareholders and ECU shareholders will hold, on a fully diluted basis, approximately 45% and 55% of the combined entity, respectively.

[MWM]

Anyone know the new O/S after the merger?

[value1008]

AmericatheBrave, thanks for this list. It's a good one for the archives to show anyone who doubts what profits can happen with the right mining plays.

[AmericaTheBrave]

That's no problem for me as a long-term holder. I believe in PM's and I know the miners will do great. Look at this list, here's the performance of the miners during the 79/80-rally... (BTW we had not that much more sells than buys today, but still 10% down :()
Here's the list:

*Lion Mines – 1975 price: $0.07 / 1980 price: $380.....542,757%
*Azure Resources - 1975 price: $.05 / 1980 price: $109....217,900%
*Wharf Resources - 1975 price: $.40 / 1980 price: $560....139,000%
* Mineral Resources - 1975 price: $.60 / 1980 price: $415....69,067%
* Steep Rock - 1975 price: $.93 / 1980 price: $440....47,212%
* Bankeno - 1975 price: $1.25 / 1980 price: $430....34,300%

[value1008]

I recall once reading Ron Struthers about PZG-- after it acquired some p.m. company, PZG's stock dropped and wallowed for a number of months.... He said the market tends to be hard on acquiring cos. after an M&A. Then after a while of wallowing, the stock zoomed 3-fold. Likely big gains will happen for AUMN, likewise, after spending a period in investor's "no mans land"....

[AmericaTheBrave]

Now we are already near 15$... :(

[inapdave]

Uptrend broken and triangle resolved to the down side. Looks like $14-$15 is possible.

[AmericaTheBrave]

The PPS is declining and declining since the merger.... :( And this happens with a rising price of silver... come on, AUMN... We need strength!

[inapdave]

From the 8k:


Through June 30, 2011, Golden Mineral has completed more than 820 meters of development drifting in the Yaxtche zone at its El Quevar project. The drifting has encountered a large number of mineralized structures believed to be tension faults that were not anticipated in the current model of the El Quevar deposit, in which mineral concentrations are modeled to follow the alteration envelope. As a result, Golden Minerals has decided to delay completion of a Canadian National Instrument 43-101-Standards of Disclosure for Mineral Projects ("NI 43-101") compliant Preliminary Economic Assessment and a planned mid-year 2011 resource update to allow further work to assess the impact that these newly discovered structures may have on the mining plan and global El Quevar resource.

As part of this effort, Golden Minerals is currently examining the bulk mining potential of the Yaxtche zone at El Quevar. Preliminary engineering indicates that an open pit could be feasible on the eastern end of the Yaxtche zone


and Golden Minerals is performing an optimization analysis of the potential pit. Following completion of these analyses, Golden Minerals plans to examine the potential for bulk underground mining of the higher grade western zone. Golden Minerals may reduce its level of activity in advancing the drift until this work has been completed, as the open pit would encompass the area through which the drift would advance. Golden Minerals has targeted the fourth quarter 2011 for a resource update based on the bulk mining studies. If these efforts are successful, Golden Minerals plans to proceed with a NI 43-101 compliant Preliminary Economic Assessment in the first half of 2012.

[AmericaTheBrave]

And BTW, AUMN is not the only silver mine who is performing a bit weak at the moment. Silvermex for example had a 9% down-day yesterday, with nearly as much buys as sells...

[AmericaTheBrave]

I also think that we will move up pretty soon, looking at how silver is performing.

[12thman]

I'll volunteer to mod.

[12thman]

Breakout imminent here with metals prices going parabolic in my opinion.

[12thman]

Spot silver about to break $41.00!

[12thman]

Adding AUMN to my watchlist.

[inapdave]

Another day of AUMN testing our patience. Every silver stock that I follow is up significantly over the past two weeks, while AUMN is stuck in neutral.

The good news is that the downtrend line on the chart that I posted has moved down to @ $19.30, so a breakout might occur very soon. AUMN's chart looks so ready to make a major upward move. The waiting is the hardest part.

[AmericaTheBrave]

We need to confirm the silver-price upside momentum soon!

[inapdave]

It seems like AUMN wants to get to the very point of the apex before making a move. That would be two weeks max. Hopefully it will break out soon and back-test the 200 day ($21.92).

[inapdave]

AUMN is now dangerously close to breaking down. One would think that with gold acting so well that silver and AUMN would turn back up. We shall see.

[inapdave]

AUMN chart. Getting closer to the apex of this triangle. Looking for breakout above $20.

[AmericaTheBrave]

Well, I can only say that both PPS's did rise before the merger, so the insiders must have somehow known that it was going to be a good deal. just IMO

It's difficult to speculate at this point of time. But one remark: Why didn't we get the possibility to vote? Farewell

[inapdave]

Sell me on why this merger is good for AUMN shareholders? My concern is that the market might feel that it will take too much of AUMN's capital to fund ECU's resource. Also, why do ECU shareholders own 51% of the new company? AUMN's El Quevar potential and strong balance sheet seem to be more valuable than ECU.

So far the market doesn't seem to like the deal.

[AmericaTheBrave]

Hello. I am the moderator of the ECUXF board on Ihub, and now I think you will see me here more ;)

I think the Merger was positive for both companies - ECU had lots of resources, but hadn't the possibilities to mine all of them at a good pace. And now, I think it will get a lot better.

Good luck to all of us

[gsfl]

In my opinion it makes Golden Minerals a whole lot stronger going forward. I hold both companies so I am excited for the future.

Hey Hurricane Rick, what are the implications for those who were massively short ECU?

[eom7]

What do you think of the merger?

[Hurricane_Rick]

Golden Minerals Reports First Quarter 2011
Date : 05/04/2011 @ 7:00AM
Source : MarketWire

Golden Minerals Company ("Golden Minerals" or the "Company") (NYSE Amex: AUMN) (TSX: AUM) announces results for the first quarter 2011.

First Quarter 2011 Financial Results

For the first quarter 2011, Golden Minerals recorded a net loss of $15.9 million, which included $8.7 million of expense related to the El Quevar project, $3.7 million of exploration expense and $2.2 million of administrative expense.

At March 31, 2011, Golden Minerals' aggregate cash and short-term investments totaled $106.1 million, which included $104.3 million of cash and cash equivalents and $1.8 million in short term investments.

For the remainder of 2011, pursuant to the Company's long term business strategy, Golden Minerals expects to spend approximately $40.0 to $48.0 million at the El Quevar project to fund ongoing exploration drilling, underground drifting, and related technical engineering and project assessment to confirm the mine model and further define the extent of the resource. Golden Minerals expects to spend approximately $12.0 million to fund exploration activities and property holding costs including the drilling of two targets in Argentina, three in Peru and four in Mexico. Additional amounts may be spent during the remainder of 2011 for early and advanced stage drilling programs, depending on the success of the Company's targeted exploration program and generative exploration activities. The Company expects to spend an estimated $5.5 million through the end of 2011 on general and administrative costs, working capital and other corporate purposes.

[Picassa]

Nicholas Campbell, Canaccord Genuity (4/27/11) "A pure-silver project: The El Quevar project has the potential to effectively develop into a pure silver mine with almost 100% of revenues generated from silver. Golden Minerals is advancing underground development at the Yaxtché deposit, with the objective of developing an 800-tpd underground mine by 2013, with potential to produce 3.5 Moz. silver per year."

AXU and GPL Produce less 3M

Market cap 400-500M$

600-700M$ is a minium for AUMN (40-45$/share)