RE: Some, "somewhat decent news"When the mill is operational again, then I'll believe it. Until then, it's just talk, which is what the people at YNG seem to be good at.
When Queenstake was acquired, didn't Mr. Dickson say that Jerritt Canyon can be turned around into a profitable operation, no problem. A little over a year later, it seems that it took the people at Investec, who refused to grant the company a $40 million loan, to tell YNG that their plan was not working. Investec must have done due diligence and told them they have no hope of turning a profit, and therefore, no loan!
Of course, another scenario might have been the following: After receiving word that the $40 million loan will not be granted, Mr. Dickson must have said to himself, "Oh, no loan, eh...I guess the mine plan is not working". And, then, suddenly came the shutdown.
Regardless of what Ms. Sanches said, I doubt that the company is capable of coming up with a profitable mine plan. At this point, that's just lovely talk, but it doesn't mean anything. The only thing that speaks volumes to me is the share price...currently at 14 cents. That says it all. If the IR people want to make themselves useful, perhaps they could give us a projection of how much money the company likely lose over the next year.
What's needed here is a change of guard.