3 Paid Public Relations people failed yet again! 33% of press releases about Yukon Nevada Gold Corp made it to their shareholders leaving this red warrant non-paying nothing better to do than forget about her own companies and provide coverage.
PR#1 Settled out of court. Congratulation legal team for paying less than 10% in your out of court settlement. Huge win for you and YNG.TO shareholders! Now that I know management listens well to legal council…why won’t they let you do your magic in Credit Court?
PR#2 Alphabet soup No TLC for TLG & YNG from MGT YS NWM LLB and “independent” BOD here are their words...and here is my opinion of their words
Tagish Lake Announces Mailing of Notice of Change to Directors' Circular
NWM would purchase additional shares of YS Mining for $60.0 million
in cash;
Why not umbrella all under one company Tagish YNG and YS Mining that already owns both ? So you can pull 3 checks from 3 different companies
NWM keep their wallet closed and save that 60 million to go towards future growth like equipment and mining and not creditors your management fees. Why does not YNG open our share count to pay for your position in Tagish? Why don’t we offer NWM the least dilutive way to use their monies?
- YS Mining would acquire, for shares in YS Mining, all of the issued
and outstanding shares of Ketza River Holdings Ltd., a wholly-owned
subsidiary of YNG which owns the Ketza River property;
Excuse me I am not that stupid YS aquires YS shares to get something that belongs to YNG?
Ketza River Holdings Ltd is a fully owned subsidiary of YGC Resources Ltd….combination of YGC and Queenstake to create Yukon-Nevada Gold Corp….pull out your well paid and FABULOUS LEGAL TEAM and get them to explain the incestuous structure that even you can not figure out
- following completion of the two transactions referred to above, YS
Mining and Tagish would merge or otherwise combine their respective
businesses to form Newco pursuant to a plan of arrangement under the
Business Corporations Act (British Columbia), at share exchange ratios
to be negotiated and agreed upon by the parties having regard to the
respective fair market values of YS Mining and Tagish, as confirmed
by an independent fairness opinion;
At share exchange ratios to be negotiated and agreed upon by the parties? Thank you Jesus I sold mine today as they are in credit protection meaning they are worth ANYTHING BUT FAIR VALUE
- Newco would apply to become a publicly traded company prior to
completion of the contemplated transactions;
Because we love to waste money on lawyers(which I think are fabulous) and listing fees.
These .05 assets require a fulltime management team fees and we love to give shares away to 3 board of directors rather than one
Idea - If Sprott or Maquire want money pull a 7% right off the top from NWM...instead of 3 companies heck I would even up it to 10% if no warrants changed hands
- the composition of the Board of Directors of Newco would be negotiated
and agreed upon by the parties;
Parties…..I love parties hope you invite me to this party!
First change I would make is I would cut the cord on the 3 Pr people who yet again failed to send me this information and truly say thank you publically to the Legal team.
And the lawsuit settlement information 0/2 today…and yes I refuse to count the same PR release you sent yesterday because of the typos AND SHOUTING CAPITAL LETTERS
#1 Yukon-Nevada Gold Corp., Richard Moritz, Senior Director, Institutional Investor Relations, Tel: (604) 688-9427, Email: rmoritz@yngc.ca
#2 Nicole Sanches, Investor Relations Manager, Tel: (604) 688-9427 ext 224, Email: nicole@yngc.ca, www.yukon-nevadagold.com
#3 CHF Investor Relations, Jeanny So, Director of Operations, Tel: (416) 868-1079 ext. 225, Email: jeanny@chfir.com, www.chfir.com
- the Board of Directors of Newco would include Messrs. Sun Feng,
Graham Dickson and Robert Baldock, who have substantial experience in
developing, constructing and operating multiple mines in the Yukon;
You have substantial experience ….dilutIng shareholders.
You also have a recently history of refusing showing your “plans”…because they are private even though you are a pubic traded company
* In April 2010 the Board of Directors of Tagish Lake granted themselves a total of 11,981,725 incentive stock options at the minimum price permitted by the TSXV rules. On July 15, 2010, the Board of Directors of Tagish Lake granted themselves an additional 2,000,000 incentive stock options. Notwithstanding that New Pacific owns approximately 9.9% of the issued and outstanding shares of Tagish Lake, New Pacific has twice requested and been refused a copy of the Tagish Lake stock option plan on the basis of Tagish Lake's assertion that it is a private document.
Why not try a go rich or go broke and actually have proactive benchmarks instead of reactive like
1. If we think we are going tits up lets issue ourselves12 million shares and have NWM buy us out for 100% in Creditor Protection
2. Hey someone offered to buy us up! Let's give ourselves 2 million before we tell the shareholders.
If you did not have such a fabulous legal team I might even say something bigger than "Let's call our friends and family about the good news"
I do not mind sitting on your board for actual expenses. I probably live closer to these mines than all 3 of you. I would not take one share until this company was shareholder friendly and profitable to all. NWM could even be the gatekeeper for the milestones and benchmarks
- Newco would emerge from creditor protection under the Companies'
Creditors Arrangement Act free of debt and with working capital of
not less than $55.0 million;
NWM you REALLY need your own legal council as they are making you pay for things that are already yours under under Canadian Law
Yukon-Nevada Gold Corp. 42% joint venture partner in YS Mining
YS Mining Company Inc. is Tagish’s largest general secured creditor.
YS Mining holds a security interest in all of the Company's present and after acquired personal property
YS Mining holds all of the Company's present and future Mineral Rights (as defined in the Macquarie GSA) YS Mining holds all mineral projects comprised in the Project (as defined in the Macquarie GSA).
NWM this list of creditors looks more like family reunion expenses than company expenses
https://www.grantthornton.ca/resources/creditor_updates/documents/Tagish%20Lake%20Gold%20Corp/Listing%20of%20Creditors%20Owed%20Amounts%20of%20$250%20or%20greater%20-%20at%20Apr%208%202010.pdf
- the parties would use their respective best efforts to negotiate a
comprehensive agreement incorporating the terms and conditions of
the MOU;
comprehensive agreement ? Give your lawyers a holiday and let this run thru the Canadian Bankruptcy system…as a tax payer I have no problem picking up that tab…it is your old tab I refuse to pick up
- YS Mining would have the right to terminate the MOU at any time if
there were to occur a change of control of Tagish; and
NWM glad they gave you an out!
- the completion of the transactions provided for in the MOU (the
"Proposed Transactions") would be subject to all necessary regulatory
approvals and consents.
The only luck you have in this area has been bad luck…Privco was twice turned down by the TSX. Both for disclosure …structure was the main reason the second time around
Til tomorrow when I hear management answer the 5 simple and basic questions I emailed management.