The glaring question unansweredWill the Newco deal go forward without success on the Tagish Lake front? In other words do YNG shareholders have to wait for unrelated crapfests to be settled to have their projects moved forward? We had to suffer through monster delays in Nevada for all kinds of reasons that lay at the feet of all kinds of people. That in turn pushed Ketza River to the baqck of the bus. I would like to think the CEO won't defer to the timeline of a completely unrelated company's takeover battle to have Ketza River put into gear.
We all know that 60,000 ounces a year is a only minimum for only a certain number of years. That doesn't include the unexplored potential of the Shamrock and the Manto. at Ketza River. We previously heard a lot of it was open pittable.
Now I understand the Tagish Lake property has been worked on for a lot longer period of time than Ketza. It's undeground(read expensive to develop) and it has a puny resource. So why has it become front and centre? Can someone remind us all who the creditors are and what they stand to gain from a takeover with an accompanying wallet? And why would a company that was going bankrupt issue loads of options while in an insolvent state? I ask only because I wonder why the decisions is made to pursue (with energy) a categorically festering asset?
Is this other White Knight bid for TLG on the level? Could it be a shill? I only ask. Not known.
And while the governing mind of the takeover pilot is YSM we do know that there is a common director and officer involved with YNG and TLG.
I don't think Mr. Baldock can simply say it's in other peoples' hands that easily. It's great if Ketza gets developed without debt or dilution but lets hear more facts. Lets have more transparency.