YALE RESOURCES LTD V.YLL

gold american share price tanks

[jazzlistener2]

gold american was suppose to make a payment to yale dec 30th of 2010 to keep its interest in guadelupe. does anyone know what happened. both yale and sila are quiet about this. I thought guadelupe was their best property bu t  seeing how the share price of gold american has nose dived.,I would urge caution in buying yale at this time.

[mfhorn]

Form8-K forGOLD AMERICAN MINING CORP.29-Dec-2010Termination of a Material Definitive AgreementItem 1.02 Termination of a Material Definitive Agreement.La Escondida Option AgreementOn December 22, 2010, Gold American Mining Corp. (the "Company") terminated thedefinitive option agreement previously reported on the Company's Current Reporton Form 8-K filed with the SEC on August 10

[mfhorn]

Looks like the Gold American stock has been in decline for some time...not only since late December.  They may have backed out not because of the value of the Guadelupe property but simply because of a company cash crunch.  Gold American Mining Corp. (SILA.OB) At 3:50PM EST: 0.3010   0.0190 (5.94%)