Golden Minerals/ AUMN - fusion avec Ecu silver mining

cloture +17.50% à 0.94 $cad avec plus de 3.500.000 titres échangés...
le tout avec l'argent en recul de 3.95%

Sûr que sur 29.000 titres, ça me fait une soirée interessante...

Les résultats sont excellents en termes d'évolution de la structure financière, ( Cash Flow notamment) c'en est même à se demander comment ils arrivent encore à faire des pertes

http://finance.yahoo.com/news/ECU-Silver-Releases-First-ccn-3635869501.html?x=0&.v=1

ECU Silver Releases First Quarter Results for 2011
On Wednesday June 15, 2011, 11:34 am EDT

TORONTO, ONTARIO--(Marketwire - June 15, 2011) - ECU Silver Mining Inc. (TSX:ECU - News)
reports that it has recently released its consolidated financial
statements for the first quarter ended March 31, 2011 (Q1 2011) and the
related management's discussion and analysis of financial position and
results of operations (MD&A). The Company increased revenues by 88%
and cash flows from mining operations by 149% over the same period
ending March 31, 2010 (Q1 2010).

The Q1 2011 financial statements were
prepared in accordance with International Financial Reporting Standards
(IFRS).The Company generated net revenues from the sale of dore
bars and concentrates for a total of $5,966,092, representing a 6.9%
decrease over Q4 2010. The decrease in revenue is a result primarily of
lower gold grades. Overall grades are expected to increase as mining
moves into new development stopes which have not been impacted by
historical mining of high grade material.The revenues were
applied against cash development costs of $4,383,608 bringing the net
positive cash flow to $1,612,484 for Q1 2011. The cash development costs
were 14.3% higher than Q1 2010 due to increased labour and materials in
the mine and at the mills.Cash balance as at March 31, 2011 was $1,219,934,
an increase of 254% over the cash balance as at December 31, 2010.In
Q1 2011 the operations generated silver (Ag) totaling 85,600 ounces and
gold (Au) totaling 1,893 ounces. In addition, the mines generated
161,977 pounds of lead (Pb) and 172,736 pounds of zinc (Zn). Expressed
in terms of silver equivalent (AgEq) ounces, and based on average
commodity prices over the period, total metal output was approximately
180,000 AgEq ounces.Shipments for Q1 2011 consisted of: 80,118 Ag
ounces, 2,553 Au ounces, 108,215 Pb pounds, and 164,965 Zn pounds.
Expressed in terms of silver equivalent ounces, and based on average
commodity prices over the period, the Company shipped approximately
201,000 AgEq ounces during this period.During Q1 2011, the
Company reported a loss of $2,081,960, or $0.007 per share, versus
$1,915,436, or $0.006 per share, over the same period in Q1 2010.Copies of the financial statements and related MD&A can be found on SEDAR at www.SEDAR.com.

depuis mon graph...bah, elle s'envole comme sur le graph

ECU.TO

1.08

0.10

10.20%

fusion ecu et golden mineral ( code aumn sur amex)


Golden Minerals (ex SIL, la Cie Hedgée de Soros sauf erreur de ma part) to buy ECU Silver for C$302.5 mln


La méthode employée est à gerber: pas de consultation des actionnaires, premium négatif, et ce au moment précis où des réserves énormes vont être validées et quand Golden Minerals a perdu 40% depuis son plus haut, je suis abasourdi et scandalisé.

Bon, en même temps, c'est un monstre qui va naitre, je vous ai mis la présentation de Golden ( sans E'cu dedans) en fin de post, vous verrez que c'est du lourd... et en plus coté AMEX ce qui est une excellente nouvelle pour trader le monstre en question avec des courtages moins prohibitifs, mais quand même, on ne m'empêchera pas de penser qu' à une pour 20, ce sont vraiment là des méthodes de bandits...



Golden Minerals to buy ECU Silver for C$302.5 mln
Fri Jun 24, 2011 12:43pm EDT

* Reverse merger values ECU at C$0.97/shr

* Deal at a discount of 7 pct to ECU's Thursday close * Deal backed by Golden's largest shareholder, all
executives * New company to be led by Golden Minerals' CEO * ECU shares down 7 pct, Golden's shares mostly unchanged

(Adds details from press release, conference call) June 24 (Reuters) - Golden Minerals Co will buy Canada's ECU Silver
Mining in a reverse merger for about C$302.5 million ($309.1 million) in
cash and stock, to form a new silver mining company focused mainly in
Mexico and Argentina. Colorado-based Golden Minerals has assets in Mexico
and South America and its key project is the El Quevar project in
Argentina.
ECU Silver owns the Velardeña properties in Durango, Mexico. Under the
terms of the deal, ECU shareholders will get 0.05
common shares of Golden Minerals and about C$0.000385726 in cash
for each share they hold, giving them ownership of more than 50
percent of the new entity. The deal values ECU at C$0.97 a share -- a discount of about
7 percent to their closing price of C$1.04 on Thursday on the
Toronto Stock Exchange. Sentient Group, Golden Minerals' largest shareholder with a
19 percent stake, backed the proposed deal and expects to invest
in the new company to retain its current proportionate
ownership, although no agreement has been reached as yet. Both companies agreed to not solicit alternative proposals,
but granted the other party a right to match any competing
proposal. The break-up fee was set at C$10 million for both. The directors and officers of both companies also agreed to
vote in favor of the deal, which is expected to close between
late August and early September. The new entity will be led by
Golden Minerals' Chief Executive Jeffrey Clevenger. ECU Silver said it will issue about C$15 million in
convertible notes to Golden Minerals, with a conversion price of
C$0.97 per share and a maturity date of June 30, 2012. Golden Minerals hired BMO Capital Markets as its financial
adviser, while ECU's financial adviser was Dahlman Rose & Co. ECU shares of were down 7 percent at 97 Canadian cents in
mid-day trade on Friday on the Toronto Stock Exchange. Shares of
Golden Minerals were down less than a percent at $20.13 on the
American Stock Exchange.
($1 = 0.979 Canadian Dollars)
(Reporting by Gowri Jayakumar in Bangalore; Editing by Savio
D'Souza)


http://www.reuters.com/finance/stocks/companyProfile?symbol=AUMN.A

Citation :

Profile: Golden Minerals Co (AUMN.A)
AUMN.A on American Stock Exchange 19.68 USD


Full Description

Golden Minerals Company, formerly Apex Silver Mines Limited,
incorporated in 1996, is a mineral exploration company with a
diversified
portfolio of precious metals and other mineral exploration properties
located in or near the traditional precious metals producing regions of
Mexico and South America. The Company is focused on advancement of its
100% controlled El Quevar silver project in northwestern Argentina and
engaged in additional drilling, metallurgical analysis and other
advanced exploration work at El Quevar. In addition to El Quevar, it
owns and controls a portfolio of approximately 16 active exploration
properties located primarily in Mexico and South America. Its 100%
controlled Zacatecas silver and base
metals project in Mexico is at an advanced stage of exploration, with
six separate target areas, on which the Company is conducting
exploration activities, including drilling at the Panuco target. The
Company also has reconnaissance properties, on which it is conducting
preliminary sampling and geological
analysis to determine the potential areas for more detailed
exploration. Golden Minerals Services Corporation is the wholly owned
subsidiary of the Company. In January 2011, the Company closed a
purchase and sale
agreement with Apogee Minerals Limited (Apogee) whereby it sold to
Apogee all of its interest of a Bolivian subsidiary, which holds a 100%
interest in the Paca Pulacayo property in Bolivia. In January 2010, it
acquired Hochschild Mining plc's 35% interest in the Minera El Quevar
S.A. joint venture. El QuevarThe
Company’s El Quevar silver project is located in the San Antonio de los
Cobres municipality, Salta province, in the Altiplano region of
northwestern Argentina. The El Quevar project is comprised of 27
concessions, including 23 exploitation concessions and four
exploration concessions. In total, the El Quevar project encompasses
approximately 63,000 hectares. The area of most of its exploration
activities at El Quevar is within the concessions that are owned or
controlled by Silex Argentina S.A., its indirect wholly owned
subsidiary. Three of the concessions near the primary Yaxtche target are
subject to options to purchase from the existing third-party concession
owners. One option agreement covers the El Quevar II concession and
one-half of the Castor concession, and another
option agreement covers the Nevado I concession. In addition, under the
terms of the option agreements, the Company is required to pay a 1% net
smelter return royalty on the value of all metals extracted from the El
Quevar II or Nevado I concessions and one-half of the minerals
extracted from the
Castor concession. The Company is also required to pay a 3% royalty to
the Salta province based on the mine mouth value of minerals. The
Yaxtche deposit is one of three primary targets identified at the El
Quevar project. As of mid February 2011, the Company had completed
approximately 60,865 meters of diamond drilling in 268 drill holes. Of
these holes, 195 were drilled to test the main Yaxtche zone for
potential mineralization, with about 66% of the holes intersecting
silver mineralization. Zacatecas (Mexico)The Company’s 100% controlled Zacatecas silver and base
metals project in Mexico is in an advanced stage of exploration. The
Zacatecas project surrounds the municipalities of Zacatecas, Veta Grande, Guadalupe, Panuco, and Morelos
in the state of Zacatecas, Mexico. The Company owns or controls
approximately 190 concessions totaling approximately 15,000 hectares in
the Zacatecas project. Of these concessions, all but four are owned
exclusively
by the Company, and those four concessions are under its exclusive
control under purchase options with private third-party owners. The
Company’s six main target areas include Muleros, Panuco, El Cristo, San
Manuel-San Gil, San Pedro de Hercules, and Adriana.
Located in the northern part of the Zacatecas Mining District, the
Muleros area covers an area of roughly 1,800 meters by 2,400 meters,
where four sub-parallel epithermal vein-faults outcrop. The veins are
composed of quartz and calcite, and contain silver mineralization associated with minor antimony and lead and zinc.
The Panuco target area is located in the northeastern part of the
Zacatecas district about 10 kilometers east of the Muleros area and is
consists of two main veins hosted in sedimentary rocks that outcrop for
an aggregate of about five kilometers in a northwesterly direction.
Located in the central portion of the Zacatecas Mining District, the El
Cristo area covers a surface area of 800 meters by 2000 meters, where
five sub-parallel epithermal quartz-calcite veins outcrop. Located in
the central portion of the Zacatecas Mining District, the San Manuel-San
Gil area covers an area of eight square kilometers, where sub-parallel
epithermal veins and alteration zones outcrop. Located
in the southern part of the district, the San Pedro de Hercules target
consists of a series of west-trending quartz veins and stockwork
zones cutting Tertiary volcanic rocks. During 2010, the Company
completed a drill program consisting of nine holes totaling 3,173 meters
at the San Pedro de Hercules target. The Company intercepted
mineralization in several holes, including 1.15 meters averaging 2.5
grams
per ton gold, 240 grams per ton silver, 0.59% lead and 2.53% zinc in
hole SJ-10-02 and 2.05 meters averaging 602 grams per ton silver, 0.62%
lead and 1,87% zinc in hole SJ-10-03. The Adriana area is located to the
west of Capstone Mining's Cozamin mining property.Other Exploration
Properties
he Matehuapil Project is located in northeastern Zacatecas state in
central Mexico. The project includes two concessions totaling
approximately 12,000 hectares, and the
Company has a joint venture agreement with Almaden Minerals Ltd., under
which the Company may earn a 60% interest in the properties. The La
Pinta property is located in northeastern Zacatecas state in central
Mexico about 25 kilometers southwest of Concepcion del Oro and 13
kilometers south of Goldcorp's Penasquito mine. The project includes 10
concessions totaling 35,300 hectares that are owned outright by Golden
Minerals and one
40 hectare concession controlled under an option to purchase a 100%
interest. The Company completed an initial drill test of 10 holes
totaling approximately 2,500 meters.Reconnaissance PropertiesThe
Company has approximately 50 reconnaissance properties. Reconnaissance
properties are those properties, on which the Company is conducting
preliminary sampling and geological analysis to determine the potential areas for more detailed exploration.

fusion ecu et golden minéral (code aumn sur l'amex ) / suite

mouais, pas vraiment happy moi non plus, Sandro,à 1ere lecture, mais je pourrais bien changer d'avis

la fusion sera mise au vote des actionnaires, et effective si au moins 2/3 de votes favorables .


c'est bien l'ancienne APEX Silver mines de Soros

liste des actionnaires actuels dont ne fait pas partie Soros
http://finance.yahoo.com/q/mh?s=AUMN+Major+Holders

site internet de la cie

http://www.goldenminerals.com/

ps : détails sur le projet de fusion, pdf golden mineral


et enfin, un graph explosif , avec des volumes éloquents , gap d'octobre comblé... c'est très joli !

finalement, cette fusion qu'on ressent mal à chaud est peut etre bien une excellente nouvelle, même si je continue à trouver qu'on nous propose une part miteuse de golden mineral 0.05 actions aumn conte 1 action écu ! + une aumone en cash

on sera vite fixés de toute façons




je suis allée aux nouvelles chez Midas dont certains contributeurs et lui même, sont actionnaires d'écu ...
Murphy n'a rien posté lui même, mais voici un 1er commentaire d'un actionnaire de longue date, Mexico Mike, qui voit les choses de façon très positive
suivi d'un autre commentaire de Dave in denver , lui aussi très positif


www.lemetropolecafe.com


Mexico Mike...
Hi Bill!
As a long term ECU shareholder I am extremely happy to hear the news today that a merger has been proposed with Golden Minerals (AUM). I think this deal is a win-win for both companies, and will build a much stronger company into the future. ECU will contribute a currently producing asset with a large existing resource, strong exploration potential, and the ability for rapid growth of operations. AUM provides a diversified asset base, a tight share structure, over $100 million in cash to fund development, and a dual listing on the AMEX exchange.
ECU has been stranded in the penny stock range for more than a year, and I think much of that weakness is due to the diluted share structure, and the uncertainty of a large debt overhang that discouraged many institutional investors from taking on that level of risk. Both of these issues will be resolved by the merger transaction.
I am very bullish on the long term prospects for silver. I think companies that control large resources of silver in the ground will be among the strongest market performers in the years ahead. We have already seen evidence of this trend from stories like Silver Standard Resources and Silver Wheaton that have risen many times over as their leverage to silver increased.
After this merger closes ECU shareholders will see their ownership of silver resource increase, and the capacity for aggressive exploration activity to continue will increase. There is a deep drilling rig currently active at Velardena to target the massive sulphide zone encountered in prior exploration. This zone could potential host more than 100 million ounces of silver, but the lack of funding to carry out this expensive drilling has restrained ECU from achieving this growth target. I expect that will not be an issue for the Newco in the years ahead. I believe the potential to define a bulk tonnage, high grade silver resource to depth is the greatest factor to move the stock higher and we will have the opportunity to participate in that exploration. I also believe that Velardena is a marginal operation unless it can be expanded to a minimum of 1500 tons per day processing capacity, along with the infrastructure development underground to support that higher production level. Again, I doubt that ECU could have achieved this objective due to limitations on development funding prior to the merger. I would expect a plan to expand operations at Velardena to be presented if the merger transaction is closed, and that too will immediately add speculative value to the company.
AUM controls an impressive suite of exploration assets, including the advanced El Quevar project in Argentina. EQ has a published resource of more than 60 million ounces of silver with a very high average grade above 300 g/t. However much of the recent exploration drilling has not been included in this total, and the company remains active with 3 rigs on the project at the current time. The deposit is open for expansion in all directions. It is likely that the net high grade silver resource will be significantly expanded when the resource report is updated. I believe this project is comparable to the upside potential from Velardena. For ECU shareholders this merger adds a new dimension to gain leverage to a second world class development asset with similar silver exploration upside.
AUM also controls other projects that can provide the exploration growth for years in the future, including 4 properties in Mexico that will contribute to the core operating area in key silver producing districts.
I was happy to buy more shares and warrants of ECU today and I think this deal will be approved by shareholders of both companies. I expect to see more disclosure from the analysts that follow each company as the details are worked through and the numbers are crunched. In a nutshell, I think the risk is much lower, and the upside is much higher going forward. This may be critical to attract new institutional investors and dry up much of the trading float. I also think this deal removes the potential for a hostile takeover that may have robbed ECU shareholders of the value in the company. Instead this deal now opens the door for management to seize control of the future development and deliver an aggressive strategy to prove up new silver zones. The greatest increase in shareholder value comes from leverage to new discovery, and perhaps now this merged company will begin to reward the shareholders that have waited for that upside.
The downside in this deal comes from the assumption that Velardena will provide lower bang for the buck as part of a larger company with more diversified assets. Some people may feel that the homerun potential for the company has been stripped away and the growth in market cap may be less explosive in the future as owners of AUM. I would counter that the much tighter share structure for the Newco will support a launch to higher prices much easier than the heavy overhang of cheap paper that was limiting ECU. Consider that the company has waffled in a declining range for 2 years or more and perhaps it was time to change up the dynamics of the story. Also, the Newco will potentially attract new institutional support that can dry up a large percentage of the outstanding shares and therefore provide a rapid increase in share value as positive news comes out in the future.
These comments are my personal opinion as a shareholder. ECU has run a paid advertisement on my website for several years however I do not speak on behalf of the company. I am not a registered investment advisor and do not issue recommendations.
Cheers!
Mexico Mike
www.smartinvestment.ca

*************

également chee Dave, de thegolden truth

Last Post For Two Weeks


I'm taking a much-needed two-week hiatus from the markets. I'll have a laptop with me and will be checking in with the markets/news, but I probably won't post anything unless I see something that really irritates me and I need to vent lol.

Many of you have by now read about the merger deal between Golden Minerals and ECU Silver. It has the potential to yield some brilliant synergies, as Golden Minerals has two potentially prolific silver properties plus $100 million in cash and ECU needs cash in order to get the Valerdena blockbuster over the "finish line." I've met the new CEO of the combined entity, Jeff Clevenger, and he is a very accomplished mining company operator. You can read about the details of the transaction and the expected synergies HERE

Whoever is selling shares in ECU today has no clue whatsoever how to analyze mining companies. This deal will instantly give ECU the managerial, operational and financial "bulk" to help it fully achieve the untapped value of its massive silver deposit. I also know that ECU's geologists were "blown away" by the potential of Golden Mineral's Argentina silver deposit. For the record, I added some ECU to the fund today after it sold off. The combined entity will have some large investor support, including Sprott and Sentient Group, a private equity investment group which specializes in global resources and owns 19% of Golden Minerals.

Market-wise, I think we will drift sideways for awhile, until the conundrum of how the U.S. Government will fund the extra $2 trillion in debt that Congress will enable it to issue before the end of the summer. Of course, we all know that the white elephant in the room that no one wants to acknowledge is called "more money printing." Until the Fed blinks, I think the risk of a big accident in the stock market grows each day. In case you missed it, the FT Blog ran this article - LINK - about the massive flight of capital out of the high yield market. When I was a high yield trader, typically the direction of the big flows of capital into or out of the high yield market were a precursor to the next directional move in the general equity markets. It's not a perfect barometer but it's worth paying attention to. Please note that near-negative yield in 1 month Treasuries is always a signal of a big liquidity problem in the markets, as big money pays up to insure the return OF their capital vs. the return ON their capital.

I do believe, however, that if the equity markets take a big tumble, we will see a surprise rally in the metals, as capital begins to truly appreciate the historical flight-to-quality characteristics of gold and silver. Take a look at your intra-day charts on gold/silver/mining stocks on May 6, 2010 when the Dow had an intra-day drop of 1000 points. Gold actually traded up sharply as that was occurring, until the Fed stepped in to prop up the markets. I believe we'll see that again.

See ya all in two weeks!

Mexico Mike et Dave from Denver sont, en revanche enthousiastes...

il faut admettre que j'ai une une réaction épidermique et que si j'ai noté la taille phénoménale et le nombre impressionnant de gisements de Golden, je n'avais pas eu le temps de fouiller dui côté des teneurs par tonne...or, il semblerait qu'au moins le gisement argentin ( genre de monstre) offrirait des teneurs de 300 grammes par tonne, soit dans l’ordre de grandeur de celles de Velardena...Voilà qui, couplé à une cotation Amex et à 100 millions de trésorerie, est de nature à relativiser mon désappointement initial, enfin, disons plutôt qu'à la précieuse lumière des précisions de Mike et Dave, que je respecte tous deux pour la qualité de leur travail que je suis depuis plusieurs années, j'en accepte l'augure...


Mexico Mike...
[b]Hi Bill!
As a long term ECU shareholder I am extremely happy to hear the
news today that a merger has been proposed with Golden Minerals (AUM).

I think this deal is a win-win for both companies, and will build a much stronger company into the future.

ECU will contribute a currently producing asset with a large existing resource, strong exploration potential, and the ability for rapid
growth of operations. AUM provides a diversified asset base, a tight share structure, over $100 million in cash to fund development, and a dual listing on the AMEX exchange.

[b]ECU has been stranded in the penny stock range for more than a year, and I think much of that weakness is due to the diluted share structure, and the uncertainty of a large debt overhang that discouraged many institutional investors from taking on that level of risk.
Both of these issues will be resolved by the merger transaction.
[b]I am very bullish on the long term prospects for silver. I think companies that control large resources of silver in the ground will be among the strongest market performers in the years ahead. We have already seen evidence of this trend from stories like Silver Standard Resources and Silver Wheaton that have risen many times over as their leverage to silver increased.

[b]After this merger closes ECU shareholders will see their ownership of silver resource increase, and the capacity for aggressive exploration activity to continue will increase.
There is a deep drilling rig currently active at Velardena to target the massive sulphide zone encountered in prior exploration.
This zone could potential host more than 100 million ounces of silver, but the lack of funding to carry out this expensive drilling has restrained ECU from achieving this growth target.
I expect that will not be an issue for the Newco in the years ahead.
I believe the potential to define a bulk tonnage, high grade silver resource to depth is the greatest factor to move the stock higher and we will have the opportunity to participate in that exploration.

I also believe that Velardena is a marginal operation unless it can be expanded to a minimum of 1500 tons per day processing capacity, along with the infrastructure development underground to support that higher production level.

Again, I doubt that ECU could have achieved this objective due to limitations on development funding prior to the merger.
I would expect a plan to expand operations at Velardena to be presented if the merger transaction is closed, and that too will immediately add speculative value to the company.

[b]AUM controls an impressive suite of exploration assets, including the advanced El Quevar project in Argentina. EQ has a published resource of more than 60 million ounces of silver with a very high average grade above 300 g/t.
However much of the recent exploration drilling has not been included in this total, and the company remains active with 3 rigs on the project at the current time.

The deposit is open for expansion in all directions. It is likely that the net high grade silver resource will be significantly expanded when the resource report is updated.

I believe this project is comparable to the upside potential from Velardena.
For ECU shareholders this merger adds a new dimension to gain
leverage to a second world class development asset with similar silver exploration upside.

[b]AUM also controls other projects that can provide the exploration growth for years in the future, including 4 properties in Mexico that will contribute to the core operating area in key silver producing districts.
[b]I was happy to buy more shares and warrants of ECU today and I think this deal will be approved by shareholders of both companies. I expect to see more disclosure from the analysts that follow each company as the details are worked through and the numbers are crunched. In a nutshell, [b]I think the risk is much lower, and the upside is much higher going forward.

This may be critical to attract new institutional investors and dry up much of the trading float.
I also think this deal removes the potential for a hostile takeover that may have robbed ECU shareholders of the value in the company. Instead this deal now opens the door for management to seize control of the future development and deliver an aggressive strategy to prove up new silver zones.

The greatest increase in shareholder value comes from leverage to new discovery, and perhaps now this merged company will begin to reward the shareholders that have waited for that upside.

The downside in this deal comes from the assumption that Velardena will provide lower bang for the buck as part of a larger company with more diversified assets. Some people may feel that the homerun potential for the company has been stripped away and the growth in market cap may be less explosive in the future as owners of AUM. (Honnêtement c'était exactement mon état d'esprit à la lecture du communiqué)

I would counter that the much tighter share structure for the Newco will support a launch to higher prices much easier than the heavy overhang of cheap paper that was limiting ECU.

Consider that the company has waffled in a declining range for 2 years or more and perhaps it was time to change up the dynamics of the story. Also, the Newco will potentially attract new institutional support that can dry up a large percentage of the outstanding shares and therefore provide a rapid increase in share value as positive news comes out in the future.

[b]These comments are my personal opinion as a shareholder. ECU has run a paid advertisement on my website for several years however I do not speak on behalf of the company. I am not a registered investment advisor and do not issue recommendations.
Cheers!
Mexico Mike
www.smartinvestment.ca
[b]
Dave from Denver…
[b]Friday, June 24, 2011[

Last Post For Two Weeks

I'm taking a much-needed two-week hiatus from the markets. I'll have a laptop with me and will be checking in with the markets/news, but I probably won't post anything unless I see something that really irritates me and I need to vent lol.

Many of you have by now read about the merger deal between Golden Minerals and ECU Silver. It has the potential to yield some brilliant synergies, as Golden Minerals has two potentially prolific silver properties plus $100 million in cash and ECU needs cash in order to get the Valerdena blockbuster over the "finish line."

I've met the new CEO of the combined entity, Jeff Clevenger, and he is a very accomplished mining company operator. You can read about the details of the transaction and the expected synergies HERE

Whoever is selling shares in ECU today has no clue whatsoever how to analyze mining companies.

This deal will instantly give ECU the managerial, operational and financial "bulk" to help it fully achieve the untapped value of its massive silver deposit. I also know that ECU's geologists were "blown away" by the potential of Golden Mineral's Argentina silver deposit. For the record, I added some ECU to the fund today after it sold off. The combined entity will have some large investor support, including Sprott and Sentient Group, a private equity investment group which specializes in global resources and owns 19% of Golden
Minerals.

oui Sandro, je viens de le poster au dessus ...on a eu les mêmes réactions à chaud .. . et après une grosse semaine de taff

Ah oui, c'est de la télépathie, une fois de plus, bon, j'ai mis en gras et/ou en couleurs les passages qui me paraissent les plus significatifs et il est exact que l'extrait n'en manque pas...Je paye pour voir (bon, en même temps, on ne nous demande pas notre avis, et c'est ce qui nous a surpris et désappointés), mais comme tu le notes, on va peut être avoir d'excellentes raisons de s'en féléiter après coup...only time will tell...

J'avoue qu'en oscillo LONG et en €uros, le graph de golden mineral est sexy




hardinvestor / graphe golden mineral / aumn

http://www.goldenminerals.com/pdfs/GLDN-ECU-Investor-Presentation-6-24-11Final.pdf

Je ne parviens pas à m'enthousiasmer...ça parait tentant pour la tréso, mais pour le reste, c'est quand AUMN, même des propriétés moins abouties, et assez éparses...alors, certes, j'ai lu sans décortiquer, mais quand même, spontanément, ce n'est pas le coup de foudre...

Voilà...c'est fini...

La suite sur AUMN

Standard & Poor's Announces Changes in the S&P/TSX Canadian Indices
http://finance.yahoo.com/news/Standard-Poor-Announces-cnw-3532798131.html?x=0&.v=1

[*]Golden Minerals Co
[*]ECU Silver Mining Inc.
[/list]
[/list]Related Quotes

SymbolPriceChangeAUM.TO

13.31	-0.41

Follow these stocks

Press Release
Source: Standard

On Tuesday September 6, 2011, 5:15 pm EDT

TORONTO , Sept. 6, 2011 /CNW/ - Standard & Poor's Canadian Index
Operations announces the following index changes:

• The shareholders of ECU Silver Mining Inc. (Toronto:ECU.TO) have accepted the
  cash and share merger offer from Golden Minerals Company (Toronto:AUM.TO). ECU
  Silver Mining will be removed from the S&P/TSX Global Mining Index after the close of Wednesday, September 7, 2011 . The relative weight of
  Golden Minerals will increase in the S&P/TSX Global Mining Index at the same time to reflect the issuance of shares as part of the merger
  transaction.
  

Company additions to and deletions from an S&P equity index do not in
any way reflect an opinion on the investment merits of the company.

ha oui, merci Sandro, j'avais pas encore percuté avec les vacances ...


comme tu dis ...

Citation :

Voilà...c'est fini...

La suite sur AUMN

avec les vacances, on a loupé cette news du 31-08 qui annonçait le deal ecu / aumn, entériné par les actionnaires réunis le 30 aout ..

http://finance.yahoo.com/news/ECU-Silver-Mining-Inc-Obtains-ccn-401497953.html?x=0&.v=1

*************
ECU Silver Mining Inc. Obtains Final Order for Arrangement With Golden Minerals Company


Press Release Source: ECU Silver Mining Inc. On Wednesday August 31, 2011, 4:00 pm EDT

TORONTO, ONTARIO--(Marketwire - Aug. 31, 2011) - ECU Silver Mining Inc. (TSX:ECU - News; "ECU") is pleased to announce that the Superior Court of Quebec has issued a final order (the "Final Order") pursuant to the Business Corporations Act (Quebec) approving its plan of arrangement (the "Arrangement") with Golden Minerals Company (NYSE Amex:AUMN)(TSX:AUM - News; "Golden Minerals"). Receipt of the Final Order follows the special meeting of ECU securityholders held on August 30, 2011, at which ECU's securityholders approved the Arrangement. Subject to the other conditions to the closing of the transaction being satisfied or waived, ECU and Golden Minerals anticipate that the Arrangement will be completed on or about Friday, September 2, 2011.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933 and Section 21E of the United States Securities Exchange Act of 1934 and applicable Canadian securities laws, including statements regarding the timing of completion of the Arrangement. ECU has provided these anticipated times in reliance on certain assumptions that it believes are reasonable at this time, including assumptions as to the satisfaction of and time necessary to satisfy the conditions to the closing of the Arrangement. These times may change for a number of reasons, including the need for additional time to satisfy the conditions to the completion of the Arrangement. In addition, the Arrangement is subject to a number of conditions that are typical for transactions of this nature. Failure to satisfy any of these conditions may result in the termination of the definitive agreement to combine Golden Minerals and ECU, and the Arrangement may not be completed.

The forward-looking statements and information contained in this press release are made as of the date hereof and ECU undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless expressly required by applicable securities laws.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this press release.

*********************
bon, je croyais qu'on aurait notre mot à dire ... pour voter y compris par correspondance, je me suis gourée



nous voila donc avec deal entériné au prix misérable de 1 aumn pour 20 écus

au vu du graph ratio aumn / ecu, sur 3 ans, voila ce que ça donne ...

pas persuadée d'avoir fait le deal du siècle ... et très décue .. . de cet échange forcé à vil prix, mais on s'en tire peut etre pas trop mal ( voir le plus haut du ration à 40 ! )

espérons que l'avenir d'aumn me fera revenir à de meilleurs sentiments, comme l'anticipent d'autres analystes très estimés ( voir plus haut ds la file )
http://stockcharts.com/h-sc/ui?s=AUMN:ECU.TO&p=D&yr=3&mn=0&dy=0&id=p80961779211

Si, si, on a été consulté, perso j'ai reçu de mon Broke une bafouille vers la mi-aout, mais il fallait y répondre avant le 27 Aout et, je n'ai été en possession du courrier qu'à mon retour et donc trop tard.
Anyway le droit de "rébellion" consistait en gros à aller se faire foutre avec ses titres non cotés ...

ba, j'ai rien reçu moi !!

Citation :

Si, si, on a été consulté, perso j'ai reçu de mon Broke une bafouille vers la mi-aout, mais il fallait y répondre avant le 27 Aout et, je n'ai été en possession du courrier qu'à mon retour et donc trop tard.
Anyway le droit de "rébellion" consistait en gros à aller se faire foutre avec ses titres non cotés ...

je me renseigne auprès de mon broker pour savoir comment ça va se passer, et je le poste ici...

pas question de rester collée avec des ecu non cotables .. à priori aucun risque, l'échange avec des actions AUMN doit être automatique, mais je préfére avoir confirmation

Mon broker vient de me rappeler : il n'a pas encore de détails précis, mais me confirme que la fusion devrait se faire comme toutes les autres fusions ... et que les actions ecu inscrites sur les comptes titres seront automatiquement échangées avec des AUMN ds les conditions votées : c'est à dire et pour rappel, une action aumn pour 20 actions ecu

Oui oui, il est à la ramasse ton broker,

c'est bien ça avec une petite soulte de cash en plus

oui, Sandro... le chargé de clientèle que j'ai eu au tel n'était pas du tout au parfum...et il me l'a dit ...

c'est moi qui aurait du préciser ds mon post plus haut ...20 actions ecu contre 1 aumn + petite soulte en cash ($0.000394 en cash et par action écu détenues )

http://finance.yahoo.com/news/Golden-Minerals-ECU-Silver-iw-2956149130.html?x=0

je suis débordée et j'ai rédigé mon post de tout à l'heure très rapidement, pour nos lecteurs actionnaires d'écu, qui seraiend ds le même cas que moi ==> sans nouvelles de leur broker et sans savoir s'ils doivent faire quelque chose de particulier auprès de leur broker, suite à la fusion et s'ils ont encore des titres ecu en portif

donc on résume : il n'y a rien de particulier à faire :

l'échange d'actions et le versement de la petite soulte en cash seront fait automatiquement

je suis allée sur la plate forme de mon broker , j'y vois qu'écu est délistée, ce qui est conforme aux dernières news .

je n'ai pas encore les actions aumn en portif, mais vu le délisting opéré, ça va en effet se faire automatiquement, même si ça va prendre délai variable en fonction des brokers

Oui, je confirme que c'est également ce que j'ai cru comprendre.

je lis sur bourzorama forums un truc invraisemblable

un actionnaire d'écu aurait reçu ce mail de la part de son broker Binck , et ne comprend pas, puisqu'il n'a jamais été question d'un rachat d'écu à 0.64 $cad

Citation :

La société Golden Minerals Co. US3811191069 a acquis la société Ecu silver Mining Inc. CA26830P1053 pour 0.64 CAD par action. Le paiement attendu se fera automatiquement dans les jours qui viennent sur votre compte.

c'est une blague de ce bouzorameur ou de Binck ?


Quoiqu'il en soit:

le site de golden mineral est parfaitement clair sur la question et a ouvert une rubrique destinée aux porteurs d'écu :

http://www.goldenminerals.com/ecu-shareholder-information.php

l'échange d'actions se fera automatiquement, pour ceux qui détiennent les titres, via un broker

Citation :

Instructions For Holders Of ECU Securities

If you are a beneficial owner of ECU common shares and hold your ECU shares through a broker, you need not take any action but may contact your broker with questions about the exchange.

aux conditions annoncées 1 action aumn contre 20 actions ecu ,+ mini soulte en cash

http://finance.yahoo.com/news/Golden-Minerals-ECU-Silver-iw-2956149130.html?x=0

mon broker vient de transférer sur mon compte titres les actions golden minéral, aux conditions prévues : 1 action AUMN contre 20 écu détenues

par contre, pas de soulte.. apparemment, pour le moment en tout cas.

mais bon, c'était tellement misérable, cette soulte, que ça ne change pas grand chose



en revanche, et c'est important d'un point de vue fiscal,

l'opération se présente sur ma plate forme comme :



-vente de x actions ecu au prix d'acquisition Z

-achat de x /20 actions AUMN au prix de Z


donc aucune plus ou moins value fiscale sur l'opération, totalement neutre de ce point de vue

La Daubasse absolue augmente ses revenus de +3262%, remarque en partant de 200K$, 8 millions, eu égard à sa capitalisation fut un temps...ça reste miteux.

Golden Minerals reports FY15 results
Feb 25 2016, 17:27 ET | About: Golden Minerals Company (AUMN) | By: Niloofer Shaikh, SA News Editor Contact this editor with comments or a news tip

Golden Minerals (NYSEMKT:AUMN): FY15 EPS of -$0.48.Revenue of $8.07M (+3262.5% Y/Y).

le détail:
http://seekingalpha.com/pr/16322076-golden-minerals-reports-year-end-2015-results

Apres des moyennes en baisse pas toujours salvatrices  car bien placées mais non suivies d'allègements et une hausse spectaculaire ( +330%) sur ce mois, je viens de solder les dernières sur cette nouvelle parue ce matin...(son du clairon pitoussa)...OUF.
La perte reste considérable, pour ne pas dire épouvantable, même si elle aurait été encore pire en début  janvier, mais au moins, je ne la verrai plus hanter mon portif d'un rouge sang du plus mauvais goût.
Un des plus mauvais plans de ma carrière (avec adb et farallon), le pire étant que j'en ai sincèrement fait la promo...et que fidèle à mes convictions, j'en avais pas mal de milliers...
Bon, c'est une nouvelle preuve de ma ( notre) capacité à se tromper...
Du coup, si ça se trouve, elle va s'envoler maintenant que je n'en ai plus...Hihihi

C'est vrai qu'avec un revenu FY2014 à 200.000 $, pas extraordinaire de faire maintenant 8 M$ et +3262%

C'est comme le mec qui vend 0,00001% des parts de sa société à son pote pour 100$ et qui donc en déduit implicitement que sa boite vaut 1 milliard

Bref, j'en rajoute pas sur le niveau d'enfumage de cette société ...

Vendu à l'ouverture au plus haut à 0.64 Cad$, elle perd 13% depuis...
Bon, je vais m'empresser de l'oublier elle, trop bôbô cucul...