GREY:VITFF - Post by User
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KenoHillYTon Dec 07, 2024 8:04pm
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Post# 36351323
VG, BYN and any and all assests at risk. It's your money...
VG, BYN and any and all assests at risk. It's your money...PWC is well versed in sweeps and what will be included, it's what they do. Looks like the scope is expanding. OK?
Judging by previous court orders in regards VG what PWC wants they will get.
The 'sweep" of coins and other ready assets in vaults and on desks is just a heads up of what's ahead.
Sas to say anyone holding stock in any mining juniors that can be legally swept by PWC will be fair game. Don't beleive the "Blue Sky".
There are a bunch of "investments" (HL excluded) around Keno Hill and Mt. Haldane that it appears are going to be affected if what PWC and YTG plans comes true.
Judging how cooperative the courts have been to date the surety bonds may be exercised.
Anyone who is (IMO) hanging with other junior explorations waiting, is in for a near term total loss and a shock, these current periphery stocks are at greater risk that the even the normal Yukon retail gambler could consider normal? "Per the court documents those assets include shares in other mining companies and equipment that is neither necessary for the present landslide cleanup work or for the restart of operations at the mine."
If history repeats and I beleive it will there will be a hiatus on any "real" mining in the Yukon for perhaps a decade or longer. How is this possible? Well it's territory and right now and for the last decades it's been simply a fact that a lot of funding, for the most part come, from the federal government. <wink>.
https://www.yukon-news.com/news/receiver-seeks-to-borrow-more-money-as-victoria-gold-cleanup-continues-7686150