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Yukon Nevada Gold Corp T.YNG



TSX:YNG - Post by User

Post by goldpeton Apr 30, 2012 4:38pm
351 Views
Post# 19853464

Spoke with the head man in IR today

Spoke with the head man in IR today

and the impression I got from our conversation is they're looking to sell the company.  IMO they need additional financing and DB is holding the purse strings tightly shut, so what's the alternative?

I would say to do a deal or sell out. I also found out we currently don't have a poison pill, so theoretically we could be a hostile takeover candidate. I was told the poison pill expired in March, but that the majority of the company shares were held in strong hands and that those major shareholders were looking to get a minimum of .75 to $1 per share on a take out.  That maybe just wishful thinking.

Was also told DB wasn't pressuring management to do a deal.  I don't know if I bought that part or not.

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