AUMN,
Cl, yes, very good day for Golden Minerals, but in reality this stock has not even gotten started yet. I'm astounded by how cheap it is. The company has more properties than they will ever be able to manage, and no one has begun pricing them in. I really would like to see Golden Minerals unload some of those over 20 early explorations projects while gold is high. We have seen consolidation in the gold market lately, and they have quality projects located in good regions. I'm sure people would love to pick a few up. Have you talked to management lately about these projects?
Secondly, I'm really looking forward to some results on the four other projects that they are currently drilling on. We all know they have a company making mine in El Quevar. Let's see if they can find another significant mine and then I'd love to see them find partners for these other mines to help with the costs and also not divert their attention away from El Quevar.
And everyone, we need to remember they have less than 10 million share out currently. An investment group from Australia currently owns almost 20% of the shares. That doesn't begin to count all the shares that management continues to purchase. We are currently witnessing what low share count gold stocks can do with Goro and it has just under 50 million shares outstanding. This is 1/5 of the share count of Goro. It's only a matter of time before this stock gets discovered and when it does, there will be many people fighting over these few shares.
Looking forward to hear some more drilling results in the next few weeks.
Ryan
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