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This may be the first intelligent move this management has ever made.

Announce an open-ended offering up to $5 million over the next 1-2 years, instead of a broker bought deal that anihilates the share price. No half warrants, no shorts, no broker ripoff.

As a result, the stock actually closed higher on a weak metal day.

Silverbull50

over 7 years ago

Here's my direct message to Karen Winkler-IR @AUMN

Golden Minerals Company

(with cc to Andrew Pullar)

Karen,

That's a horrible deal you have arranged with Rodman and Renshaw. Obviously, the banker instructed their clients to dump/short the stock down from $.80 immediately after the Q1 release. Thus, they aggressively short knowing that they will receive stock (and 1/2 wt) at .50/sh. Horrible-horrible timing (with finally some metal momentum) and pricing arrangement.

With a major 50% owner being Sentient, you should have arranged a better deal if acquiring the capital was critical at this time.

Once again, shareholders are hammered by inept management decisions.

I would like to hear your responses to justify this decision.

[She's worthless (and overpaid) --she won't call]

Silverbull50

over 8 years ago

5/3/16 AUMN announces $4 million direct offering via Rodman/Renshaw

Golden Minerals Company

8 million shares at $.50/ share---sucks! Plus .75 warrant

handled by banker Rodman and Renshaw

Proceeds used for exploration and development of San Luis del Cordero property, the Santa Maria property, or acquisition, exploration and development of other exploration or development properties in Mexico

I'm guessing that Sentient did not want to climb above 50% ownership and thus backed away from this deal.

Now we know why the stock has been so weak since Q1 report. Obviously, Rodman and Renshaw told their shareholders to sell the stock down from $.80 the past few days, knowing they would receive new stock at $.50 w warrant. It is currently trading at $.60, down 3 straight days since several hours after the Q1 was released.

Seems to be the way corrupt bankers operate these days.

Silverbull50

over 8 years ago

Where's Waldo.....

Golden Minerals Company

....and Gartman, and Nadler, and Chilton?

Deutsche Bank Confirms Silver Market Manipulation In Legal Settlement, Agrees To Expose Other Banks

Silverbull50

over 8 years ago

Re: Lawsuit---Contact Info

Golden Minerals Company

Law Firms

1. Sotos LLP--Toronto, CA 416-977-0007

2. Koskie Minsky LLP--Toronto, CA 416-977-8353

3. Camp Fiorante Matthews Mogerman--Vancouver, CA 604-689-7555

I plan to call these numbers, inquire the name of the contact person for these lawsuits, inform them of my relationship with gold, and gather any info I can on the situation.

Silverbull50

over 8 years ago

Re: Lawsuit

Golden Minerals Company

I hope that anyone who comes across more information on this lawsuit (and there have been other legal filings as well), will continue to update this website. Many of us who lost millions of dollars both personally and for our investment clients due to the illicit manipulation of gold/silver, will one day hope to seek restitution for all of the massive losses since 2004.

I will be contacting these three law firms next week.

Silverbull50

over 8 years ago

Silverbull50

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04/13/2011

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