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Golden Minerals Company Message Board

  • uraniumbug uraniumbug Oct 27, 2011 10:57 AM Flag

    AUMN is being SHORTED

    16. Golden Minerals Company (AUMN): Engages in the exploration and development of precious metals and other mineral properties in Mexico and South America. Market cap of $289.41M. Shares shorted have increased from 1.83M to 1.99M over the last month, an increase which represents about 1.6% of the company's float of 10.03M shares.

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    • probably JPM and HSBC. They manipulate PM's and anything associated with PM's

    • They have shorted 2 million shares, about 25 million shares of the 38 million outstanding are impossible to short, since it's institutions and insiders owning them.

      There are not a lot of power or force left for the shorts. AUMN's new resource estimation should be out in Novemver, and it's going to increase the grade per ton, and probably expand the resource more than 50% at El Quevar.

      I just found AUMN, and I'm thanking all you guys for giving me next First Majestic at this price. (I was in First Majestic since 4 USD)

      • 1 Reply to mrsyasmina
      • You're in Stockholm huh? Do you have opinion on Orex Minerals? They have former Orko mgmt (big winners) and have 1M oz gold deposit in Sweden that will probably grow. Oh yeah, also they have Mexican silver deposit in Durango that FRESNILLO is JV on and they are paying the way on that one. It's a 50 cent stock with only 32M shares! The gold deposit alone in Sweden is probably worth a lot more alone and thr JV with Fresnillo appears to be "free." They only reservation is they have little cash and probably have to do financing at low price. I own a small amount just a few thousand shares as a speculation.

        First Majestic AHHHHH. That was pure nirvana for me. Like you I was in at $4... BEFORE it went to $1 where I bought enough shares to buy a Mercedes and it turned into enough $ to buy a row of Ferraris and Lambos. I expect the same with AUMN using the same kind of patience and 2-3 year time horizon I used with AG. Maybe not a 2500% return in 2.5 years like AG, but I'll settle for less LOL.

        BTW, thanks for the nice word in the other post. Glad I'm not the only one who easily sees thru the kind of LYING going on here.

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