RE: RE: RE: This a good thingThis PP shouldn't be a surprise due to working capital deficit shown in recent Q report. YNG did a very bad job at Jetty Canyon in the past 6 months. production is at 1/3 level, and cash flow is be negative at current production level. Treasure box was cleaned up again and all the cash from the cheap warrant deal was gone. My impression is that YNG may need 10-20 million $ only to survive, and 40-60 million $ to move forward. they have to either sell more share or borrow money.
However, IMO, all the above issues have been priced in! I'm not sure if it will turn around in the end. but I'm sure it's not good timing to short YNG right now. sp is locking in a box by traders and manipulators. there are great chances that promoters, bumpers & speculators would push the sp much higher.
long or short, your call