That is what we call a serious over reaction.
About today's news:
They raised cash for their near term priority property explorations:
- Yoquivo - district potential in great area (adjacent to the Ocampo mining district). The project has shown strong surface values with mineralization similar to Ocampo. AUMN intends to drill there.
- Nevada - a recent acquisition in NW Nevada near the historic Sleeper Mine. In early stage but AUMN has identified multiple targets and is excited to begin work there.
- El Quevar - drilling now - property sits on 55k ha and the current resource contains just a very small piece of the property. AUMN expects to show progress beyond the existing PEA.
I also see the metals rising, so I bought into today's weakness. Once we have the El Quevar results, today's gap might have been one of the best gifts this year!