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11/1/13

This thing isn't like that thing, Golden Minerals (AUMN) (AUM.to) edition

Most will look at today's NR from Golden Minerals (AUM.to) (AUMN) and stop at the bit which notes how its waste of space CEO Clevenger has decided that he can't bleed to corporate structure any further and is going to make like a shepherd* in the near future. Whereas me, personally, own opinion and that, I think the second paragraph is more telling because...

"The Company is making progress toward charting its future," said Jeffrey G. Clevenger, Chairman, President and Chief Executive Officer of the Company. "We continue to move forward with developing Velardena's production re-start plans under a more efficient and productive work environment. We are aggressively looking for supplemental feed for the Velardena oxide plant as the sulfide content of the ore increases over time at that property. Be assured we are making every effort to move the Company forward."
Separately, the Company announces that Mr. David Drips, Vice President and General Manager Velardena, who has been responsible for the Velardena operations in Mexico, has left the Company in order to pursue other interests. Mr. Clevenger commented, "Dave Drips has been the cornerstone of our operational activities for the past four years and we wish him the very best with his pursuit of his career objectives."

However, we must concede that Golden Minerals performs a very useful service in the mining stocks community. Everyone else can look at their own port stock performances from 2013 then say, "Well, could have been worse, could have bot AUMN".


AUMN is the mining company most promoted and pumped by GATA, lest you forget. In fact that's another fine service it has brought to the mining community, as a reminder of just how fucking stupid that Murphy guy is.



*get the flock outta here