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Golden Minerals Ord Shs T.AUMN

Alternate Symbol(s):  AUMN

Golden Minerals Company is a precious metals mining exploration company. The Company holds a 100% interest in the Rodeo property in Durango State, Mexico (the Rodeo Property), a 100% interest in the Velardena oxide processing plant and related water wells in the state of Durango, Mexico (the Velardena Properties) which are subject to a purchase agreement with a private Mexican entity, and a diversified portfolio of precious metals and other mineral exploration properties located primarily in or near historical precious metals producing regions of Mexico, Argentina and Nevada. The Velardena Properties, and the Yoquivo exploration property in Mexico, are the Company’s only material properties. The Yoquivo Project is located 210 km west-southwest of the city of Chihuahua, in Ocampo Municipality, Chihuahua State. The Yoquivo Project consists of approximately seven mining concessions with an area totaling about 1,975 hectares (Ha).


TSX:AUMN - Post by User

Post by Silverichmanon Jan 29, 2021 5:20am
658 Views
Post# 32417833

1/4 of the float is shorted right now...

1/4 of the float is shorted right now...I have been an AUMN-shareholder since 2011, as my ECU-shares were taken over by Golden Minerals. By that time, AUMN was trading at around 27$ (USD), the market cap was at around 1.2 billion (USD). Of course we saw quite a lot of dilution since then (however, the company remained debt free), but of course there was also inflation in the last 10 years (massive money printing in the last months should be noticed). Nevertheless, the market cap of AUMN is at 100 Million $ (USD) right now, so if we think that silver could touch 50$ by mid 2021, I strongly guess that we will once again be at the old 2011 market cap. This would be a 12-bagger from now. But Gold is rising and should be higher by then, making it possible to see way higher prices. Then there is inflation, so the new market cap should be higher... a 15-20 bagger at 50$ silver would be a possibility, bringing us to about 12$ by mid 2021. This is a possible calculation. Now let's say that Barrick finds something noticeable at the JV property and add that "extra" to the share price... I think you all know where I am pointing towards...
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