Golden Minerals Company (AUMN)

[checkmate28]

The price of silver has little relevance to a company that isn't producing any.

AUMN has an already developed mine with a recently completed ramp, that has added valuation. Additional catalyst, My sources tell me they were having some problems with low productivity from a team they inherited. The low price of silver, created a no win situation. They paid many severance packages and are taking this down time, with the employees they have left, and preparing some higher grade areas for future profitability with the new equipment they just received.

Humm, sounds like a higher price of silver would be a major catalyst allowing them to reopen with a more efficient mine along with more efficient new employees, furthermore, they have enough cash to weather the storm. Add to the valuation, the fact that they could find a partner for El Quivar any day.

Since they have everything they need to make money now, except a decent price for the commodities, I think the price of metals has everything to do with their current and future market valuation.

I support the multi bagger potential here.