RE: Interesting write upUnfortunate in a way but self profetic in another. It tells of how and why this stock / company has not made it to where they should or could be .... as a long time investor I have seen time after time when something as stated in the article has broken down, where expectations have not been reached etc. and the safety violation thing was just another one in the long line of events that have held this stock back.
A couple of things they mention I find interesting. They say "shortly before the company encountered all the recent problems with the plant malfunctioning, it reached a point where it was operating at a run rate of 150,000 ounzes of gold. I fint this a bit deceptive, well to be honest it was so long ago I would have to research to see when it was they announced steady state of production at 150,000 but it wasn't steady ... if I remember correctly it was a one time accomplishment for a single quarter and never since ? I may be wrong but don't believe so ! certainly not
steady.
The other thing that suprises me is when they say that ....assuming YNG achieves a production goal of 300,000
oz of gold by the beginning of 2013 the share price will reach 1.50 per share. With the recent track record I think
personally that is "assuming" but on the other hand with the price of gold what it is and a production level of
300,000 oz of gold per year to me 1.50 per share is not much but maybe taht is because of the dilusion of shares ?
at any rate I would not complain with 1.50 per share but my expectation at these levels was greater ... having said all of this ... this stock has been very good to me and I am not complaining now !
Best of fortune to all !