AUMN news is good, but they've had a very good run (up about 20%) over the last 2 days. Should do well if gold and silver continue higher, of course, as they concentrate on improving operations and doing updated 43-101 and PEA reports at several of their mining properties.
It was nice to see that they could improve production from this property that came to them from the merger with ECU. Other than that I haven't followed AUMN closely for awhile.
AUMN has several great properties, particularly for silver. Before yesterday, AUMN had dropped from about $14 in September to about $5.50 in December. It has not been generating much excitement, probably because silver has been so weak since peaking in 2011 around $50/oz.
I own some AUMN but IMHO it's not clear that the company has anything up their sleeve to help the stock continue up significantly until they get those reports done and silver gets significantly stronger.
Does anyone have regular contact with mgt or other investors that have shared other reasons for AUMN to continue higher in 2012 (besides Ag prices and upcoming reports)?
TIA,
'peeker
Take time to look around, even on a down day!
