FRC analysts are pleased as Golden Minerals has announced.. Golden Minerals has announced sale of Velardea assets!
AUMN has entered into an agreement with a privately held Mexican company to sell its Velardea assets for US$5.5M.
FRC analysts are pleased with this development as their previous fair value estimate did not account for any value on these asses.
Earlier this year, AUMN had ceased production at Velardea due to initial production results not meeting management expectations.
Factoring in this deal, AUMN has US$8M in working capital vs US$7.5M in MCAP, implying that shares are trading below liquid assets. Additionally, the market seems.... Continue reading this here:https://www.researchfrc.com/content/analyst-ideas/post/83/us-outlook-a-limited-time-opportunity-in-the-junior-gold-space