Golden Minerals Company

Welcome To The ECU Silver Mining HUB On AGORACOM Edit this title from the Fast Facts Section
in response to gwr1's message

It is nice to finally see the company firing on all cylinders and with $700,000 to $800,000 of extra cash (not including long term debt) the question now becomes what to do with it?

I'm not sure if I speak for other shareholders, but now that we have a steady stream of revenue to mitigate future financings, the biggest return on shareholder value in my opinion would be for a new drilling program that targets the massive sulphides and converts much of the inferred to M&I and potential to inferred.

The upcoming scoping study will likely indicate the feasibility for a much larger production operation so we will have to see how that gets financed.

Although the long term debt is not a big issue for me, I don't know how much if any of the extra cash would be left over to reduce our exposure.

Defenitely, a good problem to have.

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sketch
City
Toronto
Rank
President
Activity Points
3315
Rating
Your Rating
Date Joined
01/06/2008
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Golden Minerals Company
Symbol
AUM
Exchange
TSX
Shares
76,690,000
Industry
Metals & Minerals
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