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Yukon Nevada Gold Corp T.YNG



TSX:YNG - Post by User

Bullboard Posts
Comment by shortUSA2on May 28, 2008 12:53am
447 Views
Post# 15117019

RE: One Q Wonder

RE: One Q WonderQ2 will not be good, but if the work during the shut down bears fruit we could see this mine performing far better than any of us would ever have expected.  I'm hoping for some very good numbers to coincide with the usual autumn rally in the POG, along with some definite plans for increasing production.    They performed this shutdown to clean up the mess left by QRL, reduce costs, improve safety and environmental issues and to make way for increased production.  I think the sellers are not really aware that this operation is being restructured and are paying too much attention to the previous quarter and reduced expectations for the next.   The Q2 numbers will show a loss and high costs but will offer a glimpse of whether the work done by the new management is leading to lower costs and higher production.  Q3 is when we find out whether this overhaul has achieved its goals.  I'm willing to wait 5 months for results that could potentially produce a sea change in the way the market values this stock.  As for penny stock status over the summer, that could indeed happen.  We are approaching our final support level so obviously, its important that we hold here. 
Bullboard Posts