BNP Paribus is earning it's feesBNP is one of the most respected banks in EU. They started the Wall St collapse when they would not go along with Lehman's falsehoods related to sub-prime mortages securitization and write off $1 Bill in Lehmam trash in stead. This is a mini-hedge of 1000 ounces of gold, a loan with 5% coupon, and a sweetener requiring the stock price to go to .40 before the warrants are in the money. The Lichtenstein/Orefer faction is beginning to show it's value. It is amazing what happens when "old money" buys into something.
So this is another breath of fresh air for YNG.