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YALE RESOURCES LTD V.YLL



TSXV:YLL - Post by User

Post by valueplaysonlyon Dec 13, 2010 7:00pm
335 Views
Post# 17840697

9 properties now, and alot of JV too!

9 properties now, and alot of JV too!Its nice  that this property was bought for  the current share price of approx  ten  cents a share.  The new owner obviously wasnt clamoring for the  price of 8 cents  from a few weeks ago.  Its nice to  see an  accretive transaction based      on the   higher share price   and for full  consideration,  ie  no  warrants  in the future.  The  chip channel results are  spectacular with respect to  copper percentages too.  YLL  continues to accrue property  by levering  its geological intelllectual property .Then it  gets a JV partner to commit to the entire cost  of purchase and  YLL  gets management fee as the operator  of the property.  Its  brilliant.  You  retain a   high percentage  of a   prospective property for zero cost and u get a fee while u  wait.     The last time  YLL went  to market for a private placement was over a year  ago.. Contrast this with other companies that have tripled the float within a year. I'm sure we can all cite a few  names.More news coming on two  more fronts before   Xmas.
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