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Picassa

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Picassa

Re: None

Monday, 10/17/2011 6:09:19 AM

Monday, October 17, 2011 6:09:19 AM

Post# of 47295
AUMN

After the merger (2 Sept) the Sentinel Group lost is 19% stake in the new company.

So they decided to short the stock.(From the 2 of September to the 7 of October)

When they finshed push the price down, they decided to buy 4M shares (7.5$, 30M$ cash), so they can keep 19% in the new company.

http://finance.yahoo.com/news/Golden-Minerals-Announces-iw-3193604350.html?x=0

Now they will cover the + 1M shares short and bring the price back up to 12-15$ level.

http://www.nasdaq.com/symbol/aumn/short-interest

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