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If silver stay here, AUMN need to go to 60$/share to catch up with silver price.
AUMN/SILVER PRICE CHART
http://stockcharts.com/h-sc/ui?s=AUMN:$SILVER&p=D&yr=1&mn=0&dy=0&id=p14527810074
This stock certainly tests one's patience. It has no problem selling off on a correction in silver, but is slow as hell to react to the upside. C'mon AUMN...let's go.
FLASH NEWS !!!
Gilder Gagnon Howe & Co now control 20% of the float !!
Sprott Asset management increase it's postion to control 6% of the float.
http://www.tickerspy.com/spy.php?t=AUMN&vt=pros
From 1.10 to 0.50
http://stockcharts.com/h-sc/ui?s=AUMN:SLV&p=W&yr=1&mn=0&dy=0&id=p85728810216
If we go back to 1.10 = 45 to 50$/share for AUMN
I agree Picassa, AUMN should do really well and it is agonizing waiting for the next big move to happen. My only concern now is that the price of silver has gone parabolic, so it could correct hard soon. Then again, it could go much higher before a big pull back.
At any rate, here is a chart I put together that shows how AUMN has performed compared to silver. It's pretty clear that either AUMN will rally hard soon or silver will have a strong pullback. Something has got to give...
About AUMN, remember this.
In october to december 2010, Silver was at 25$-30$.
AUMN announce 66M silver ounce in Argentina.
Price zoom at + 28$ (We've got a double top in Nov and Dec 2010).
Now, AUMN is ready to announce 90 to 100M silver ounce in Argentina.
But now Silver is at 46$ !
66M X 27.5$ = 1.81B$
90M X 46$ = 4.14B$ (2.3 More)
AUMS PPS ?
28 X 2.3 = 64.4$ (Should be the top of the new run)
This will give a market cap of 1B$.
Jan 11, 2011
Micon International Limited ("Micon") used data from 168 drill holes from the Yaxtche deposit in its August 10, 2010 Canadian National Instrument 43-101 ("NI 43-101") compliant resource estimate. The Micon resource estimate reported 8.9 million ounces of silver in the indicated category at a grade of 310 grams per tonne, and 51.5 million ounces of silver in the inferred category, at a grade of 336 grams per tonne of silver.
The Micon resource estimate was constrained in that it assumed a minimum three meter mining width and capped the silver grade at 3,000 grams per tonne. Micon will prepare an unconstrained global resource estimate, based on the same data used for the existing resource estimate. In addition, the Company plans to update its NI 43-101 resource estimate with additional drilling results during the second quarter of 2011, following receipt of pending and new drill hole results.
http://www.goldenminerals.com/press.php
Picassa, i'm not day trading this so i'm not losing anything... I simply see this as AUMN sometimes retracing to check out support levels, as it and other volatile small-float stocks often do....
Emphasis on that SMALL FLOAT: AUMN will dance around rather "violently" for some time b/c of this....
Good news: It's still well above the 200 dma, and not really that close yet to the lower bolly band.
We've been above 50 on the RSI for some time, now looks like we need to enter a bit of oversold territory for a while.
I'm a big buyer on anything under $20 again but not even sure we're going to hit that.
Good to take the longer view here and not be too upset by daily/hourly swings. JMO, but looks like we're in a trading range between mid-$20s and $24s for a while... Yet some sudden good news could pop this into breakout back to $26-$28 and then eventually higher....
What other stock has serious analyst price-targets 150% to 400% higher than the current pps?
Total destruction...Total blassst....Total massacre.....
Goldmans Sachs trading software is droping NAPALM ON US !!!!!!!
DEAD, DEAD, DEAD.......
120M$ IN CASH + 100 M SILVER ONCE + 335g/t High grade silver = DUMPING MACHINE !!!!!
Nice catch, Picassa!
As previously reported in a Current Report on Form 8-K filed on January 13, 2010, on January 7, 2010 Golden Minerals
Company (the "Company") issued to MH Argentina S.A. warrants to acquire 300,000 shares of the Company's common stock
exercisable for three years at an exercise price of $15.00 per share (the "Common Stock Purchase Warrant").
Effective January 15,
2010, MH Argentina S.A. transferred the Common Stock Purchase Warrant to an affiliate, Hochschild Mining Holdings Limited.
On April 13, 2011, Hochschild Mining Holdings Limited exercised the Common Stock Purchase Warrant on a cashless
exercise basis as permitted by the Common Stock Purchase Warrant, which resulted in the issuance to Hochschild Mining Holdings
Limited of 104,889 shares of the Company's common stock on April 15, 2010.
Following the exercise of the Common Stock
Purchase Warrant, the Company has no remaining warrants outstanding.
http://services.corporate-ir.net/SEC/Document.Service?id=P3VybD1odHRwOi8vaXIuaW50Lndlc3RsYXdidXNpbmVzcy5jb20vZG9jdW1lbnQvdjEvMDAwMTEwNDY1OS0xMS0wMjA3MzIvZG9jL0dvbGRlbk1pbmVyYWxzQ29fOEtfMjAxMTA0MTgucGRmJnR5cGU9MiZmbj1Hb2xkZW5NaW5lcmFsc0NvXzhLXzIwMTEwNDE4LnBkZg==
Picassa, since AUMN is still a developmental stage co., there's going to be a lot of volatility on this one, especially since it ran up so high from last year. On a steeply down market day, some folks will take lots of profits. Also, traders are surely all over some of these silver stocks, given their general volatility. So, in owning this, one is going to have to be able to do a lot more "gut checking" and abdominal breathing to cut thru the stress of being on such a roller coaster compared, say, to owning IBM or some MLP oil/gas play....
Unless you're trading this, probably better to just forget about it and look at it in another several weeks to months... at which time it should have jumped higher, assuming more positive news on the co., continued strength in silver price, and general mkts haven't collapsed!
Who the hell is selling $AUMN down here ??? This is insane.......Want to slap my face.....
SILVER 43.42$ !!!
AUMN is by far the most cheap stock in the sector and she is the one who they decide to dump 100%.
When I touch a stock, she immedialtely go down....
The best contrarian indicator on I-hub.
The market is a big slot machine organise by Goldman Sachs.
I'm sick of all this.....
Silver 43.40$ and we're at the low of the day.
I want to puke.....
I really don't understand this market.....
I was looking to add to my position today, but since we broke the 50MA support, I'm going to wait out the chart until it strengthens. I bought near the high last week when it look poised to break to the upper 20s, but that didn't happen. Now I'll accumulate more conservatively.
This is a great long-term prospect though, so I'm not in any rush.
I was buying more this a.m. down just below the 50dma in low $21s.
It is a ridiculously tantalizing idea that AUMN may be sitting on well over 100M oz. (60M oz. already proven) of really high-grade silver at El Quevar (including the sub-parallel zone at ManiSub and probably a better resource at Carmen than indicated by less-than-stellar initial drilling results)....
And this doesn't even include the properties in Mexico and Peru!
We're looking at more dilution down the road to get more properties developed (or a JV on one or more properties) but the sharecount is so small it won't make much difference to the whopping EPS in a few to several years to come for AUMN...
Naturally, there are risks on some of their properties, but the rewards clearly seem worth it....
Where are the 14 members of this board...
I'm going nuts here......
- 7% With Silver record high......
ALLOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
BIG DUMP WITH SILVER AT RECORD PRICE.....
THE WORLD IS NUTS......
Golden Minerals is the one I just visited in Argentina, and I think that their El Quevar project is very interesting and has a lot of potential upside.
The company's market cap is still under $400 million, and I think it has a long way to go.
It is still drilling right now, and all the labs around the world are backlogged. It's already drilled 10 holes on the Carmen prospect and has been waiting for assays for roughly two weeks now.
So, the investment thesis on Golden Minerals is this: The Yaxtché zone contains 100% of the company's resources, which is roughly 60.5 Moz. silver.
Now based on recent drilling, the geologists on site believe they have two other sub-parallel zones to Yaxtché.
One is the Carmen target and the other is Mani (500 m south of Yaxtché). They are parallel to Yaxtché, and if the geologists can prove they are sub-parallel veins to Yaxtché, the resource estimate could even triple.
Right now, the company is completing a feasibility study on El Quevar. Once that's reported, we can model the mine very easily.
We can build a financial model of the mine that will make us even more confident in the number of ounces, as well as the production and cost numbers. I see the market cap easily doubling once that happens.
TGR: How large can this Yaxtché deposit be?
AS: If the sub-parallel zones are as big as the Yaxtché, about 180 Mozs. of silver.
Even if the zones turn out to be smaller, sub-parallel zones, I think Golden Minerals'
El Quevar can easily come up with more than 100 Moz of silver.
http://seekingalpha.com/article/242797-interview-precious-metals-expert-alka-singh-talks-gold-and-silver-producers-with-growth-potential
Shares Outstanding5: 15.25M
Float: 8.72M
Held by Insiders6: 22.93%
Held by Institutions6: 48.60%
Total Cash (mrq): 121.59M
El QUEVAR IS IN THE MIDDLE OF THIS !!!!
-The Pirquitas Mine is Silver Standard's first major mining operation, and commercial production was achieved on December 1, 2009. At full production the mine will produce an average of approximately eight to ten million ounces of silver and 2,500 tonnes of tin annually, ranking Pirquitas among the largest primary silver mines in the world.
http://www.silverstandard.com/projects/pirquitas/
Diablillos based on recent diamond drilling which was successful in converting a significant portion of the previously reported inferred resources into the indicated category. The project now hosts indicated resources of 640,000 ounces of gold and 77.1 million ounces of silver, and inferred resources of 187,000 ounces of gold and 6.3 million ounces of silver.
http://www.silverstandard.com/projects/dev_feas/diablillos/
Copy/Paste SSRI IR MAIL
Hi,
I was asking myself (After visiting your website) why Silverstandart have not bought out Golden Minerals (AUMN) ?
When I see this picture -------> http://s1.postimage.org/42u30raso/SSRI.jpg
I see that El-Quevar project is in the Middle of Silverstandart properties.
We're talking about 100 to 180M silver once high grade (+ 300g/t).
Can you tell me, If this can happen in the future (Project) ?
Best regards.
M.Devred
Make sense for SSRI to buy AUMN before production in 2012.
They've two mines around El-Quevar.
Too bad, we will end up with 50-60$/share buyout, when AUMN (in full production) can reach 2 to 3B$ Market cap by 2014.
With Silver going mania, this is an incredible gift.
This will be the Rubicon Minerals (RBY) of the Silver world.
180M Silver ounce (200-300g/t)
AUMN is on the way to have 50% of the value of AG.
1.25B$ = 80-90$/share
Maybe next week...
Paradigm Capital just say that with Silver at 42.82$, $AUMN fair value is 59.47$
TGR: How large can this Yaxtché deposit be?
AS: If the sub-parallel zones are as big as the Yaxtché, about 180 Mozs
http://www.theaureport.com/pub/na/8152
180M = 5M Gold once (20g/t) (Gold/Silver Ratio 16/1)
Si I see AUMN having the value of RBY down the road (+1B$ before production)
60-65$/share
Beacon Equity Research (04/11/11)
"Golden Mineral shares lifted today after the company provided an update regarding its underground development drifting activities at the El Quevar project. It also reported that it has spotted additional high grade intercepts at holes made at the project deposit site. . .it has also received results regarding an additional hole on the western trace of the ManiSub target. . .contains an 18-meter intercept, which has averaged 192 g/t silver. It also included a two-meter intercept which yielded 583 g/t silver."
AUMN
120M$ IN CASH, MARKET CAP 350M$, 180M ONCE OF SILVER IN ARGENTINA, FLOAT 15M SHARES
I LOVE IT !!!!!!!!!!!!!!!!!!!!!!!!!!
We're Number #1
AUMN Nice Press!
9 Diversified Stocks With 100% Buy Ratings
By Karvy Global 04/14/11 - 11:56 AM EDT
http://www.thestreet.com/story/11082603/9/9-diversified-stocks-with-100-buy-ratings.html
1. Golden Minerals(AUMN_) is a mineral exploration and mining services company with a portfolio of precious metals and other mineral exploration properties located in or near the traditional precious metals producing regions of Mexico and South America. The company remains focused on the advancement of the 100% controlled El Quevar silver project in northwestern Argentina.
Net loss reported for 2010 was $33.3 million compared to $20.1 million in 2009, following a 56.7% increase in total costs and expenses. However, on a per share basis, net loss narrowed to $3.72 per share from $6.78 per share in 2009. Total revenue, including management fees, declined to $11.2 million from $12.4 million in the previous year. Cash and cash equivalents soared to $121 million from $8.6 million, boosted by the receipt of ~$143.5 million in net proceeds from the issuance of common stock in two separate public offerings.
Going forward, the company plans to complete metallurgical study test work and finalization of the process flow sheet at the El Quevar project during the second quarter of 2011. Furthermore, the company expects to continue drilling of priority targets identified during the expanded drilling program.
All the three analysts covering the stock recommend buying it and foresee the stock gaining around 262% over the next 12 months with a consensus target price of $79.55. Dahlman Rose & Co reiterated its buy rating on the stock recently with a price target of $117.4. Moreover, the stock has already gained 178.5% during the past one year.
Last Target is 117$.
Dahlman Rose & Co reiterated its buy rating on the stock recently with a price target of $117.4
http://www.thestreet.com/story/11082603/9/9-diversified-stocks-with-100-buy-ratings.html
Nice end of day move yesterday after 2 1/2 days of a downtrend. We couldn't break out of the longer term descending channel and move into the upper 20s, but we remain within the shorter term upward trending channel with the 50MA as support. Need to break and hold .25 or thereabouts to move out of the descending channel.
I'm really liking the looks of AUMN both fundamentally and technically. This has been on my watch list for several months (thanks to gsfl), and after this week's move (Friday in particular), I've got a strong buy signal on it. Actually Friday was the buy signal (and there were many other buy signals prior), I'm just a day late because I was distracted elsewhere.
I wish I was charting this one closer a couple weeks ago because there was a beautiful reversal set up just after AUMN hit the recent low of $17.69. The price bounced off the ascending 200MA with small indecisive candles and issued a small bullish hammer/doji that breached the lower bollie while full stochastics was in an oversold condition (STO < 20). This is one of my favorite and most reliable TA reversal plays and is exactly what happened in SFMI last week.
In addition, there was a MACD crossover and then a subsequent 10MA over 20MA crossover as well to confirm the reversal. Right now it is definitely a technical buy, and I'm sure you guys would agree it has been a fundamental buy for 6 months or more.
On Friday it broke above the longer descending consolidation channel and then closed back within it. I think if it breaks that again on Mon/Tue, it should run to the upper 20s in short order as the channels I've drawn seem to indicate.
I also love how the share price is now using the ascending 50MA as a support line. I'll probably be a buyer tomorrow when the opportunity presents itself.
Here is the link to the report calling for the $109 price target
https://dahlmanrose.bluematrix.com/sellside/EmailDocViewer?encrypt=7cc61c3a-a40b-4895-a18b-6bd1f171df7d&mime=pdf&co=Dahlmanrose&id=agraf@dahlmanrose.com&source=mail
Paradigm Capital Initiates Coverage
Implications:
•AUM has been under pressure for several months due to a vacuum of news flow (in our opinion).
•Exploration results and discoveries have not flowed as fast as expected – the likely cause of weakness during Q1 in the face of rising silver prices.
•The principal reason for the lack of news flow is the first target tested in the 2011 regional program was Carmen, which didn’t turn out as good as hoped
?The highlight hit at Carmen returned a modest width of 2m @ 524gpT Au, 0.29gpt Au, and another hit of 2m @ 405gpT silver and 2.2gpT Au. As this is the highlight hole of a 24 holes program, its clear why the company has moved to Mani sub, however it does at least demonstrate how well mineralized the El Quevar district is, in our opinion, and the gold intercept is of interest, (previous drilling on the property has not identified gold)
•We are encouraged by the initial results from Mani-Sub
•Net-net, there some positives (Mani Sub) and Negatives (Carmen) on the exploration front. The positives out weigh the negatives in our mind, as exploration is at a very early stage, particularly regional exploration with drilling largely focused on Yaxtche, a deposit that was only discovered during the last 24 months.
•Investors focus on exploration is understandable (we are also watching the exploration program closely), but in our opinion it is important not to loose the forest from the trees - Yaxtche is already 60Moz and represents one of the silver sector’s best undeveloped projects that can be developed in the next 3 years. Honourable Mention goes our to BCM (Speculative Buy 12/sh Target) for its Santa Ana, and Orko Silver (No Coverage, No Recommendation) for its share of La Preciosa
•From a valuation standpoint, the exploration potential is mostly upside to our numbers. Our estimates are based on a resource of 100Moz, which is (in our opinion) a modest extrapolation from the 70-80Moz resource we expect in Q2
•Our NAV of C$32/sh at $27/oz silver (0.67xNAV). At spot silver of ~$38.50/oz our NAV increase to C$53.40/sh (0.40x). Both levels are significantly above the current share price
Note especially the last bullet point.
A little DD
cl001 Share Friday, April 08, 2011 1:16:03 PM
Re: MWM post# 24696 Post # of 24710
AUMN, People didn't see clearly and were selling on the PR, which is quite common this year.
Pay special attentions to 237. Completely different location and different mineralization. Not only high grade silver also 10-20% lead, kind of like AXU.
http://www.goldenminerals.com/images/ElQuevar-DRILL-HOLES-location-2-11.jpg
This is the results. It could be a new mine by itself.
http://www.goldenminerals.com/pdfs/drill%20results/El%20Quevar/Drill%20Holes%20Results%20Holes%20201%20to%20250.pdf
Yes, that is a lot of Silver.
And, we are still undervalued.
Golden Minerals Provides an Update on the Development Drift at El Quevar and Reports Additional High Grade Drill Intercepts
AUM.TO 22.20 0.00
Press Release Source: Golden Minerals Company On Wednesday April 6, 2011, 7:00 am EDT
GOLDEN, CO--(Marketwire - 04/06/11) - Golden Minerals Company (AMEX:AUMN - News) (TSX:AUM - News) ("Golden Minerals" or "the Company") today provided an update on the progress of underground development drifting at the El Quevar project and also announced additional high grade intercepts at holes drilled on the El Quevar Yaxtché deposit. The El Quevar project is located in the Salta Province in northwestern Argentina.
The Company has completed approximately 430 meters of development drifting at El Quevar at the 4,774 meter elevation, and has advanced approximately 200 meters along strike in the central Yaxtché zone. The drifting has encountered over 40 mineralized structures believed to be tension faults. These structures trend to the north and east, averaging N60E, and are steeply dipping to the northwest. The Company is conducting uniform channel sampling of these structures. Although they are narrow, generally less than a quarter of a meter in width, indications from x-ray fluorescence (XRF) technology show that the structures tend to be of substantial grade, typically in excess of one kilogram per tonne silver. These structures were not anticipated in the current modeling of the El Quevar deposit, in which mineral concentrations are modeled to follow the alteration envelope, generally trending N60W. The Company has decided to delay completion of the previously announced Preliminary Economic Assessment (PEA) to allow further work to assess the impact that these structures may have on the mining plan and global El Quevar resource. Delivery of a purchased underground diamond drill, anticipated in late April, will permit the drilling of a fan pattern of holes to better understand the interaction of these structures with the other mineralization at El Quevar. Continuation of the development drift should also contribute to the understanding of these newly discovered structures, and provide further information regarding confirmation of the mine model.
Surface drilling at El Quevar continues to be focused on the Yaxtché deposit. Recent drill holes for which results have been received include QVD-251, located on the far western end of the Yaxtché deposit (through the post-mineral cover), which intersected six meters averaging 629 grams per tonne silver. Drill hole QVD-259, drilled as an infill hole in the central part of the West Yaxtché, returned three meters of 558 grams per tonne silver. Drill hole QVD- 262, another infill hole located about 250 meters west of QVD-259, returned a five meter intercept of 592 grams per tonne silver that included a two meter intercept averaging 1,314 grams per tonne silver, a 12 meter intercept of 437 grams per tonne of silver that included a two meter intercept of 1,571 grams per tonne silver, and a four meter intercept that averaged 460 grams per tonne silver. Drill hole QVD-263, located about 150 meters southeast of QVD-262, intersected 14 meters averaging 551 grams per tonne silver, including a three meter intercept of 1,301 grams per tonne silver.
The Company has completed more than 200 diamond drill holes to define the entire two kilometer long Yaxtché mineralized zone. Of these holes, approximately 90 percent are within the alteration zone where mineralization has been identified. Of the holes within the alteration zone, 75 percent have encountered silver mineralization greater than 100 grams per tonne silver over a minimum one meter intercept.
The Company has also received results for an additional drill hole recently completed on the western trace of the ManiSub target, which is located approximately 500 meters southwest of the Yaxtché deposit. Drill hole QVD-237 contained an 18 meter intercept that averaged 192 grams per tonne silver, which included a two meter intercept of 583 grams per tonne silver. Previously reported drill hole QVD-220, located on the ManiSub approximately 1,200 meters east of QVD-237, returned two meters averaging 411 grams per tonne silver and an additional intercept of six meters of 463 grams per tonne silver. Additional drilling is now planned for the ManiSub along the approximately 1,200 meter strike length between drill holes QVD-220 and QVD-237. The Company may also conduct additional drilling during 2011 at the Carmen target, located approximately 500 meters north of the Yaxtché deposit. To date 24 drill holes have been completed at the Carmen target. Highlights include drill hole QVD-228 which averaged 524 grams per tonne silver and 0.29 grams per tonne gold over two meters, along with 405 grams per tonne silver and 2.2 grams per tonne gold over an additional two meters, and drill hole QVD-231 which averaged 504 grams per tonne silver over six meters.
A drill hole location map and listing of all drill intercepts for the holes at El Quevar for which the Company has received and verified results are available at http://www.goldenminerals.com/.
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GOLDEN MINERALS (AUMN)
Golden Minerals is a unique mining company with a focus on exploration, development and growth through strategic business transactions. The company has a broad portfolio of mineral exploration projects, a strong balance sheet, revenues from royalties, and an experienced management team with global experience.
Golden Minerals' exploration business strategy is to enhance shareholder value through advancing projects from discovery through development into profitable operating mines. The company owns and controls a large number of exploration properties located primarily in the high potential mining districts in Latin America, including the feasibility stage El Quevar Project in northern Argentina.
Golden Minerals owns and controls a diversified portfolio of exploration projects with potential district scale properties in Latin America. Our exploration projects are one of the key components of our business strategy. We maintain three primary exploration offices in Argentina, Mexico and Peru.
To decide whether an exploration project warrants future advancement, Golden Minerals has established minimum requirements that the property must meet. These include minimum requirements for reserves, annual saleable metal production rates, estimated mine development capital and operating costs. Overall, we strive to acquire and advance properties that bring synergy to our existing assets and growth opportunities for the company.
Creates a new leading junior silver mining company with a strong growth profile - Expansion and ramp-up of existing production at Velardeña - Portfolio of exploration assets in the Americas - Increased leverage to silver with gold as well as significant base metals byproduct credits Creates a combined company with greater scale, financial strength and enhanced capital markets profile - Merger provides significant managerial and operational synergies - Strong balance sheet to advance expansion plans at Velardeña and further development of El Quevar - Improves access to capital markets for future growth Unites complementary management teams with proven track records - Golden Minerals' world-class mine building and operating team - ECU's strong technical and exploration expertise Merger supported by Golden Minerals' major shareholder, The Sentient Group, and the board of directors of both Golden Minerals and ECU - Sentient Group (holder of ~19% of Golden Minerals) has expressed an interest in increasing its investment in order to retain its proportionate ownership stake in the combined company, although no agreement has been reached
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