Have a fabulous 2 months!Unfortunately,my goal was just educate as this structure is rare.
The only thing I am prepared to do is sit on the board of directors for actual expenses onlyuntil this company actual turns profitable and shareholder friendly.
In the meantime I must take a stockhouse holiday as soonFashion Week begins and it pays my bills so I can pay Graham Dickson bills :)
In the mean time I know thereare enough people here with interest in what is in thebest interest for YNG to succeed.
There 2areas I think shareholders could address themselves
Firstone easy
CEOstated he thinks the market is notproperly valuing YNG. If he truly feltYNG was undervalued then why did henot pay the lawsuit in cash insteadof 2 million undervalued shares?
Second not so easy
In May 2010, YNG raised $10mm offlow-through financing for KetzaRiver and plans tocommit another $11mm out of FCF tohave a 60k oz/year mine up and running by sometime in 2012. FCF is free cash flow so why were they looking “last week” for another 25 million? Do theyplay to throw that financing into theNewCO?
I will post again in about 2months….sooner if management has a free chair on theirboard :)
You are all fabulous andinteresting people and wish you and Yukon-Nevada Gold a prosperous two months!
Warmest Regards,
Strelioff AKA DQ