Wow is this a new view, can't say I love it, either that or the site is messed and I tried to post before and it didn't work so forgive me if it double posts ... or not :-)
Probably all of you YNG fans ... and a couple that aren't :-) watched the trading today after Friday's trades of several million shares, wondering why Friday ..... and what would happen today.
I have to say that I for one was happy to see YNG trade almost 350k shares and maintain and close at .34 per share, the same as Friday. And today we even hit 34.5 .... Why was I happy with this .... because TSX barely squeaked out a gain today, gold was down as were the shares in most gold mines, as were Metals and mining which was down 1.88 %.
YNG trading to me at least with a bit more of a positive note when large banks were buying and selling but they were not just selling off shares, at least to me they were selling shares and holding the price which at least in my opinion showed a positive note as the 3rd Quarter is soon approaching. Only a few weeks away ....
I am pretty sure as I have said before that we will squeak out a positive quarter, now reaching the steady state of production and at least for 1.5 months maintaining that and a positive financial position. The other 1.5 months may be close but should be good ! So I think many of the large players as well as the small ones are not willing right now to let their shares go cheaply as we may very well have a gold mine here (quote from ex :-) and others) and there may be money to be made by not playing the short or day trade and holding on till at least the quarter results.
It will probably not affect this quarter but we also have to remember that YNG signed the agreement with Allied and Hycroft expects to ship the first lot of carbon in early June. And that is not all of the recent good or positive news, so I think right now investors and large traders / banks are taking YNG a bit more serious than in the past ! What really impresses me as well is that YNG is not just planning for this quarter or for next, they are working on opening other underground mines, open pit mines etc and have plans for years to come. At least in my humble opinion they will be around that long in one way or another because with each step and upgrade they make it a more viable gold mine and company as well as investment for not only shareholders but also for other gold companies to buy at a decent share price for us shareholders.
I for one am very anxious to see the Quarterly reports out next month and more so to see the next quarter when the Allied deal is in effect. At least in my opinion we are again moving forward and getting the attention of other investors, analysts and mines, and although we may have some negatives such as the amount of outstanding shares, we have some very noticeably positives that should start to show this quarter and only get better next quarter.
My humble opinion as a long time investor in Yukon Nevada Gold, one who saw this company under the threat to be delisted from the TSX but they worked and clawed their way back to where they are today, a viable gold mine with a very handsome hungry mill ....
To me we have now become what they called us over a year ago .... the success story, but then the endless definciancies at the mill hit, but now we have those dealt with and this company which I and many have invested large amounts of money in .... reminds me of a childrens book I used to read my children, "The Little Engine that Could" and for years now YNG and staff have been saying "I—think—I—can, I—think—I—can." ... and either this quarter or next they will have accomplished that .... thanks to the hard work by many and Mr. Robert Baldock .... Thank you !
Well .... my humble opinion only but I believe ... I believe :-)
Best of fortune to all !!!