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Yukon Nevada Gold Corp T.YNG



TSX:YNG - Post by User

Comment by MrGRPon Apr 26, 2012 1:45pm
167 Views
Post# 19839773

RE: I don't get

RE: I don't get

I think you answered your own question about a reverse split but more evidence for us not wanting it. You said "??!?  After all the money they've plowed into this operation and it's still not cash flow positive with $1600 gold?!?!  It's just more of the same.  Delay, delay, dilute, delay, dilute.

Well if they did a reverse split and went on AMEX etc at $3.00 per share, and perform lousy or delay, dilute as you say and don't move into a positive cash flow immediately, the share price would probably tumble  which would be a loss for all of us that have to endure a split. That would also once again deminish investor confidence in this company.

It is a falling gold market and the economy is not stable nor are the markets . Probably not the best time for this company to gamble on the split etc. We all hope the markets stablize but even now many European countries are falling back into recession, more news is coming out everyday about another European country that may be in trouble.

The states could still go either way and all the world economies affect Canada as well .. and our economy is not doing that great either because of these situations not to mention our own economic and job issues.

Just my opinion but I think ... like many shareholders here ... that it wouldbe best to compete the turn around first, get the mill and prodution complete and stable and then re evaluate the need for a reverse split . There are many other immediate actions they could take to increase the financial situation and selling Ketza could be just the beginning. Ketza is not going to be in production probably for at least 1 1/2 years and will need a large amount of cash infusion into it. Maybe best to look at those options and stabilize the mill and production and go from there.

 

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