AUMN AUM.V +25% today after +30% yesterday. I've Been posting on the value of Golden Minerals, pointing out the following facts,
*they were trading at cash in the bank while holding large assets (mill, mine and resources) (good recipe for future gains)
*closing and reopening the mine would wipe out the old inefficient inherited unionized labor problems and leave them more efficient for the future. Time should prove that was an effective decision by mgt as they will reopen with only 1/3 the old labor costs.
*They have a large proven resource, plus advanced exploration propertys
*Shares had traded as high as $28
*Float is very low
June 3rd through June 9th you could have purchased AUMN for .50 to .55 and sold today for +140% in 2 weeks time.
Probably more fairly valued now, until they can prove they can meet their guided costs, at which point they should trade up another %100 even at $1300 gold.
If we get back to $1900 gold, AUMN should see the 10 bagger I predicted back a few posts, link back.
If they are successful in JV ing ElQuvar, you can add even more value.
Checkmate28
