Downer's Post Hi Downer, my last post was just a touch of satire for a select few. As to the excuses for the 4th qtr, here's a quote from a Jan.15, post by a pumper. " Given the very hard winter so far in Nevada, we shall see how the q4 production comes in. It is likely the market got a hint at the recent conference. WEAKNESS MAY PERSIST INTO SPRING UNLESS THE PRICE OF GOLD TAKES ANOTHER LEAP", It is always "Next Week", Next Month", "NEXT SPRING ", ETC. One FACT remains constant. YNG has had NINTEEN(19) consecutive money losing quarters( RED QUARTERS) for a total of $271,000,000.00 (271 MILLION DOLLARS) lost. YNG has never reported
.01 of profit in any quarter.
The one year, 150,000 ozs of gold production promised by YNG from Jerrit Canyon is hard to believe. Jerrit Canyon has been heavily mined for over 30 years, and with only one old mine in operation, I do not see 150,000 ozs of gold being produced by YNG in any year , unless they get most of it from Newmont. The last time anyone made a profit from Jerrit Canyon was the 2nd quarter, 2006 when Queenstake reported a whopping profit of $731,000 . By the end of 2006, Queenstake was on the brink of bankruptcy.
The "CENSORS" are acting out of fear, fear of the truth as you stated. Many of them have been sub'tly advised by Stockhouse to use the "IGNORE" button on us bad boys. Maybe they'll take the hint. JMHO Cheers ICE