AUMN Golden Minerals up to .36 from .15 less than 30 days ago. Been on a tear lately for 2 reasons. Much Risk is now off.
1) There was risk due to them having the ability to repay a $5M loan later this year. I knew management was to strong to let that happen. Today they announced a deal to convert $4M into shares. Sentiment group ended up with a sweet deal getting the shares for .17 which was the avg of the shares 2 weeks before the deal. AUMN now has cash to move forward. AUMN was always a low float company. They will now have about 75M OS and a MC in the low 20S
2) Golden Minerals has a GOLDEN silver property in Argentina called El Quevar with district potential. That was seriously devalued when the the government was changed against the minors. In November 2015 it changed back to favor the minors so much risk is off. El Quevar should be JV'd eventually raising largly the value of Golden minerals.
They have 2 mills, one shut down and the other leased to Heckla. There is actually a fair amount of CF to AUMN from the toll deal plus they have cash enough to finish drilling off one of their new propertys which they would use to feed their idle oxide mill.
Link back for why I bought in June and added recently, knowing this mgt team would bring back the value, while not knowing silver had much more downside in June 15.
So catalysts and leverage are lining up for a company that once traded over $29
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