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Bullboard - Stock Discussion Forum Yukon Nevada Gold Corp T.YNG

TSX:YNG - Post Discussion

Yukon Nevada Gold Corp > 69.4 million???
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Post by jimvicki3 on Nov 14, 2008 8:05pm

69.4 million???

Is that 69.4 million loss, just a charge off, that the co. can use for tax purposes

Tell me it's not part of the 80 million we borrowed and we'll never see it again.

Anybody out there that can clear it up for me...I'm a little low on grey matter for my brain as YNG burned up a lot of it
Comment by downer27 on Nov 14, 2008 8:14pm
tough quarterthe cash was gone long before q endedmore $$$ reqrd, tuff markt for $$$
Comment by arthur7440 on Nov 14, 2008 8:16pm
Jim,   I do not think any one can answer that question without a Foreskin Audit  sorry about that, I ment (Forensic Audit)   I am surte you could look up a financial statment showing something maybe???                            & ...more  
Comment by Hard_Rock on Nov 14, 2008 9:09pm
Hi Jim, I think if they had any of that 80 million bucks, they would pay the remaining severance, medical claims, flex spending claims, not to mention what they still owe area vendors. I could be wrong, but I don't believe there is spare cash floating around yng. I believe if there was, the company would like to make things right, they just can't. I'll let you know if they ever ...more  
Comment by arthur7440 on Nov 14, 2008 9:21pm
 Hi Dave,  When I talked to Nicole at the last resource show,  for what it's worth she said the miners would have to be paid their back pay and medical. before anything else???                                  ...more  
Comment by POG1200 on Nov 16, 2008 2:51am
Al, "because nothing can be done to get out of this mess."The mess is a different mess if the POG very quickly goes to, (for lack of a better number...) say $1200 an ounce.I would prefer the people to be good, and I thought they were.  I don't know if they're not, but these people, good or bad, could get financed, and could conduct a profitable business with a much ...more  
Comment by AIMer300 on Nov 16, 2008 10:06pm
POG will very likely go to $1200 and beyond.  But, that doesn't make this a good spec., on account of poor management.A better management team would not have shutdown the mill, which was the only source of revenues.  No revenue means that there is no chance of generating profit, even at $1200 POG.So far, they lost $98 million this year.  How much more money can ...more