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Bullboard - Stock Discussion Forum
Yukon Nevada Gold Corp
T.YNG
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Bullboard (TSX:YNG)
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•••
goldpet
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Comment by
goldpet
on Apr 25, 2012 1:43pm
RE: Backsplit....What could happen
You make an excellent point about the timing of doing a reverse split. IMO the only way it would work to our favor is under these two conditions: 1) the company coming through with
...more
(86)
•••
romara
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Post by
romara
on Apr 25, 2012 1:10pm
Backsplit....What could happen
I will use the example of US Silver (USA.CA) which has a producing silver mine in Idaho, thgey decided to do a backsplit in Jan 2012 assuming the market was going to take off...they did their
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(0)
•••
goldpet
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Comment by
goldpet
on Apr 25, 2012 1:04pm
RE: Reverse Split
If your achieving your goals of turning the mine around and doing that 150K oz per year number you expect to do, then why should the share price be whip-sawing in the first place? The
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(0)
•••
Stockbagger
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Post by
Stockbagger
on Apr 25, 2012 12:45pm
Reverse Split
Too large a float creates too much wipsaw in share price. A low share price also prevents institutional investors from participating.
(0)
•••
MrGRP
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Comment by
MrGRP
on Apr 25, 2012 12:00pm
RE: RE: RE: RE: Thoughts.....
Exactly Richard and it appears the market and investors agree with us ... YNG is sitting at .26 almost the lowest it has traded for the year and dropped what ? .08 or about 18 % in a few
...more
(0)
•••
goldpet
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Post by
goldpet
on Apr 25, 2012 11:53am
This selling doesn't look good at all
I was hoping the volume would settle down today, instead it looks to be increasing.
(86)
•••
romara
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Comment by
romara
on Apr 25, 2012 9:22am
RE: RE: RE: Thoughts.....
Gerald....I totally agree, and with this type of market where the price of gold and silver are kept within a certain price range by Wall Street, the Fed, and central banks of certain countries..
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(0)
•••
goldpet
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Comment by
goldpet
on Apr 25, 2012 7:09am
RE: RE: RE: RE: Thoughts.....
"I am unaware of any company producing 150K oz. pa with a market cap comparable to that of YNG." You forget they're not making 150K oz. per year YET. This turnaround isn't in
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(0)
•••
Combo9
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Comment by
Combo9
on Apr 25, 2012 2:42am
RE: RE: RE: Thoughts.....
Having never been through a reverse split, I can only take on board some of the comments by more experienced investors suggesting these often do not work out well for shareholders. It certainly has
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(0)
•••
MrGRP
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Comment by
MrGRP
on Apr 25, 2012 1:12am
RE: RE: Thoughts.....
OK a first, I am replying to my own post :-) but I have been pondering this all evening, now I am the first to admit that I certainly don't know everything ... however ... I have owned and
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(0)
•••
goldpet
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Comment by
goldpet
on Apr 24, 2012 8:23pm
RE: Thoughts.....
I don't know about Artie, his bad accident or the money he lost in YNG in the past. I do know what was said on the CC today wasn't well received by just about anyone who listened to it.&
...more
(8)
•••
flumby
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Post by
flumby
on Apr 24, 2012 8:22pm
split
I have heard the b. s. about splits before. It will be good for us... Pour the gold the share price will take care of itself.
(0)
•••
MrGRP
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Comment by
MrGRP
on Apr 24, 2012 8:04pm
RE: Thoughts.....
Wow isn't this a tough one ... I kind of agree in part with most that is being posted here ! As someone who has traded for quite sometimes and endured numerous split or consoladation of shares I
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(86)
•••
romara
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Post by
romara
on Apr 24, 2012 4:00pm
Thoughts.....
After reading the below post this afternoon, and I listened to the webcast this am....I have some thoughts also. First, the last time YNG split was back in July 07....10 for 1....but that's a
...more
(0)
•••
wideboy99
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Comment by
wideboy99
on Apr 24, 2012 3:37pm
RE: RE: RE: RE: share consolidation
The main guy baldock said that the company would grow into the stock number.This is a reversing of an important promise he made. Utter bs.They owe to stockholders to make a run of it with the stock
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