RE: Stock price I can totally understand your frustrations .... but in a nut shell it will take first a good quarter with increased production and then probably a second that shows increased production and a financial net quarter.
Today was frustrating because the price of gold was slightly up as was metals and mining, how ever several gold mine stocks were down. Many investors were playing the big plays not the long plays, like me for instance was watching and cashing in on my CIBC stocks and made good money.
So in my opinion, many investors were playing other big gain stocks and YNG was once again left to the banks who play this like a cheap violin ! sadly those guys contol this stock buying high and then shorting the stock and like today driving it into the basement. I saw this several times today and if you watch it there is not even such a low asking price but all of a sudden to short the stock someone puts it on 1 - 1.5 cents below what anyone is asking. Thus they short the stock, make money and think there are invisible ...
I am not sure if I can copy and paste my example but if it works, everytime you see someone drive the stock down, believe me I was watching and no one had any such low ball sell out there ... manipulation is a sad thing in my opinion !!!
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12:19 PM EDT
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0.310
|
19,500
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-0.020
|
002
|
014
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|
12:19 PM EDT
|
0.315
|
1,000
|
-0.015
|
001
|
014
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12:19 PM EDT
|
0.315
|
1,000
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-0.015
|
099
|
014
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12:19 PM EDT
|
0.315
|
8,000
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-0.015
|
007
|
014
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12:16 PM EDT
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0.325
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4,000
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-0.005
|
090
|
009
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3:59 PM EDT
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0.300
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4,500
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-0.030
|
089
|
099
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3:59 PM EDT
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0.305
|
5,000
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-0.025
|
001
|
099
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3:58 PM EDT
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0.310
|
500
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-0.020
|
065
|
065
|
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3:58 PM EDT
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0.310
|
500
|
-0.020
|
065
|
065
|
|
3:58 PM EDT
|
0.305
|
2,000
|
-0.025
|
101
|
099
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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3:57 PM EDT
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0.310
|
200
|
-0.020
|
002
|
063
|
|
3:57 PM EDT
|
0.310
|
5,000
|
-0.020
|
090
|
065
|
|
3:57 PM EDT
|
0.310
|
30,000
|
-0.020
|
124
|
065
|
|
3:57 PM EDT
|
0.310
|
6,500
|
-0.020
|
007
|
065
|
|
3:57 PM EDT
|
0.310
|
8,500
|
-0.020
|
007
|
065
|
|
3:57 PM EDT
|
0.310
|
4,000
|
-0.020
|
007
|
065
|
|
3:57 PM EDT
|
0.310
|
500
|
-0.020
|
002
|
065
|
|
3:57 PM EDT
|
0.310
|
500
|
-0.020
|
002
|
065
|
|
3:47 PM EDT
|
0.315
|
4,000
|
-0.015
|
090
|
099
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There is huge money to be made on a stock like this one if you play it ... consider if you have 100000 shares and go up a penny you make $1000 and if you short it too wich sadly is simple with a stock like this one ... and if you consider you may be able to buy 100000 shares for about 30K, $1000 turn over in a day is quite nice ....
After I sold my first position in this stock I played it for a while day and swing trading and did very good, now I am in big and long and have too many shares to turn over in a day ...
So ... at least in my opinion .... be patient and give it a couple of quarters. The next one should report on or about August 15th and should be a good quarter ... the following one should be way better considering it should be our first full quarter at steady state and we are now processing the hycroft loaded carbon ..
Hope that helps you and Best of fortune to all