AUM.V Golden Minerals now up over 100%, trading as high as 1.10 today since trading at .44 in Dec 2013 and my last 2 postings. The american symbol AUMN should open up 20% tomorrow and usually trades much higher volume. Golden minerals was an incredible value trading at cash with the resource, mill and mine for free. Only about 50 million shares out and very small float. In 2011, traders thought $28/ share was a fair price. I believe a short position is unwinding due to the threat of higher metals.
If the price of Silver gets over $25, they will probably reopen the mine and the PPS will probably move very hard up.
They closed the mine for a couple reasons. One the POS and 2) they inherited the unionized miners when they attained the mine. Mgt told me they were getting like 35% from their lazy Arses. Well they didn't say it like that LOL. They took the opportunity given by the POS to clean house, and continued developing the underground as they just got their ramp completed.
Checkmate28
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