RE: Good News???Guys....in my summation....The new blood in the company (owners and directors) are serious about making money....they wouldn't be here if they weren't....In my opinion...they are forcing the company forward....because they have a lot of money invested in it. I am sure Eric Sprott calls them quite a bit...he has to look after his interest. Remember Robert (Bob( Baldock was not a Queenstake , or YNG man.....he was brought in from the outside by ORIFER et al....In fact he moved his other company, (MMY) office right in with YNG so he could be on top of everything. I also know that managing a company with close to a billion shares is costly and unwieldy (Administration) wise.
I had predicted that their would be a consolidation of share to about 5 for 1......but since the last year end....I would say more on the scope of 10 for 1. This probably wouldn't happen until we start to get the cash flow problem licked, and the red ink behind us. So what would be the share price when that happens.....I can see maybe 40 to 60 cents a share.This would give the shares a value then of between $4.00 and $6.00.....and if profit is flowing from YNG....as suggested 150,000 oz of Au per year......that would make YNG a mid tier gold producer.....approximately 100 million shares outstanding at between 4 to 6 bucks. then this would be a respectable company. I can see more ORIFER nominees put on the BoD......
These are just my thoughts.....none of it came from YNG sources .........Richard