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Yukon Nevada Gold Corp T.YNG



TSX:YNG - Post by User

Comment by goldpeton Jun 19, 2012 7:47am
306 Views
Post# 20028689

RE: RE: RE: RE: RE: RE: I'm kind of surprised we'r

RE: RE: RE: RE: RE: RE: I'm kind of surprised we'r

I would agree that YNG is less vulnerable now to a hostile take-out now than it was 6 monthes ago, when the poison pill was still in place and the turnaround was in question.  They always had the assets in the mill and roaster, they just needed to be refurbished and utilized to their full capacity, as they are now.

If the corner has indeed been turned then I would hope it safe to assume YNG now sits in a place of strength when it comes to ongoing negotiations for the sale of the company. It's going to be interesting to see what happens if the share price gets back to the .50-.60 range, because IMO that could be the price range where a that potential suitor steps in and makes an offer.  I hope management doesn't sell too cheap. Anything less than a dollar  would be disappointing if they can maintain production at what they annouced yesterday.

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