Yukon Nevada Gold Corp T.YNG

Merger

[romara]

I don't like it, but lets go through the figures

YNG - Shares issued 313,388,763 - price .15 - market Cap  -  Approximately $CAD47,000,000

MMY - Shares issued 155,640,000 - price.285 - Market Cap  - Approximately $CAD46,690,000

We see that YNG has about twice the shares issued compared to MMY, but at about half the share value of  MMY

So, that would make it that 2 shares of YNG equals 1 share MMY, .....and if they want to reduce the amount of shares issued to something reasonable like say 75,000,000 total ...then YNG would have to do a 8 for 1 backsplit....and  MMY would a backsplit of 4 for 1.

The new company would then have only 75,000,000 shares issued

This is only an estimated summation of a feeling I am getting.....and I don't like it....because they are valuing our mill at ZERO DOLLARS....someone is stealing our company.

This is only my opinion.........Richard

[HardRockMiner3]

I know that feeling Richard, someone stole my company and managed it right into the ground.  Totally Managed our eyes out.  Managed the property to where it is now, and that is not a position of strength.Now someone came by & threw graham a life line, so he'll be alright and that's the point is it not.

[talkswitch]

institute investors won't allow them to sell yng too cheap.  it's not a done deal yet.

[TondarII]

This is only an estimated summation of a feeling I am getting.....and I don't like it....because they are valuing our mill at ZERO DOLLARS....someone is stealing our company. QRL: Just announced that Newmont(NMC-T) just did a private placement of about 4.9% of the outstanding shares of this company. With warrants, they'll own about 8.5% of this company. This is a

[jimvicki3]

I know it sound like a merger is brewing, and that also was my first thought, but the info I got,  which  I believe to be VERY reliable, indicated to me that a merger is NOT on the radar screen

[talkswitch]

"... a merger is NOT on the radar screen"i agree with you. at this point, it's no more than personal development and staff sharing. there is no reason for a merger. if Mr B. could turn yng around, then yng might cash him out from his MMY as reward. (i suspect that might be the backroom deal). on the other hand, if the new mill/mine plan failed, qrl will enter chapter 11, yng share