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Yukon Nevada Gold Corp T.YNG



TSX:YNG - Post by User

Comment by goldpeton May 01, 2012 11:15am
233 Views
Post# 19856478

RE: Too much panic

RE: Too much panic

I think we can all agree the current share price doesn't reflect that a turnaround at the mine has been made yet, so they're not being given credit for that now.  I agree with your point that it's going to take more time.

What I can't really get my arms around is if everything was currently going to plan and they weren't having further issues of some sort, then why are they making the effort to explore this strategic review?  They claim the reason is to increase shareholder value, but as I see it if they just continue on the path to that 150K oz. per year number the share price will take care of itself, so I see that as somewhat contradictory.

Don't get me wrong,  I'm not against them selling the company or doing some other deal to enhance the value of my shares with a JV, partnership, etc., but IMO if it's done after we reach our 150K oz. per year target we will all be much wealthier for it , but at this point in time the Street is IMO skeptical of what is being said by management and that's reflected in the shares.

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