RE: Good Buy or Good Bye?Reading your post tells me that you are most likely a decent, trusting person. Unfortunately, this bunch of management is not worthy of your trust.
Having followed this stock since the 'merger' with Queenstake, I wouldn't put that much trust in the competence or conduct of the management of YNG.
The main reason that the mine and mill are closed is most likely incompetence. They spent a lot of money on the mine and mill and then shut it down. If they had shut down the mine and mill before spending all that money, I might have given them credit. But to spend all that money and suddenly shut down the mine and mill tells me that they didn't know what they were doing.
Here is a bold 'prediction': the mill might never again be opened by YNG, regardless of what the Press Releases or IR might say. BTW, the Press Release did indicate that they have liquidity problems, i.e., they can't pay their bills. Where did the $80 million go?
In general, the workers didn't own shares of YNG; so, they are not the ones driving the share price down. And, the latest insider trades were 'sells' at about $1.77, including shares sold by the CEO, Mr. Dickson.