RE: QuestionThanks for the responses.
pvk ... I agree with most of what you say. I kind of thought that maybe it was just shareholders giving up with this. I was in YGC back in 2005 and got out just after the big dilution following the merger announcement. I just recently came back in (December) due to the positive turnaround at Jerritt.
I did get a response from Nicole on this (wasn't available when I called, so I sent an email). The explanation is that there were manpower issues in the fall of 2006. They then focused on an ambitious drill campaign in 2007. And that SRK will be completing the Ketza resource estimate (no timeline, heh).
I guess we'll take this for what it is. One might be inclined to read this as they did not like what they saw in 2006 and decided to drill a lot more holes.
I agree entirely about the importance of management. Following through on committments is a critical factor. And while I look for good management with any investment, there are always warts. The positive developments since the merger mitigate the failure to deliver on Ketza to some extent. I re-invested largely because production is online and they've made great progress with improving productivity at Jerritt. I was, however, originally invested in YGC for Ketza and made a nice return on that find. Hopefully, the added drilling greatly increases the resource over the last estimate (which was already expected before the latest drilling).
There used to be a poster by the name of JohnHenry who did resource calculations based on available data. Has anyone seen this poster lately?