Post by
atrickpay on Oct 01, 2009 1:19pm
What's happening with delisting?
I'm interested in this stock for a short-term play but I'm concerned about it delisting...I don't wan't to be holding the bag on some shares that I can't trade. So, what's up?
And what's with these messages that I hear about Sprott? Is this thing being bought out?
Comment by
talkswitch on Oct 01, 2009 2:37pm
re-listing on the venture is NOT a big deal. re-starting the mill is crucial to this stock. top two institute shareholders, Orifer and Sprott, are buying more shares. COO, CFO and other insiders are buying. They must know something.
Comment by
atrickpay on Oct 01, 2009 3:20pm
Good news on those buyers Talkswitch. But, how do you know that this would go onto the Venture? I've seen stocks that got delisted that did not get onto the Venture.
Comment by
talkswitch on Oct 01, 2009 4:10pm
listing is the result of the biz. if the mill re-start, cash flow will bring yng back on track. there should be no problem for venture, or even tsx listing. on the other hand, if the mill is dead, yng is almost dead, regardless listing. i wouldn't waste to much time on the listing issue. long or short, your call.
Comment by
aristoenigma on Oct 01, 2009 4:12pm
I predict imho that the TSX listing will be fine. Also think after the mill re-opens and positives fall into place they will look at a US listing again. As for risk I think Sprott has very canny mining advisors within and they are comfortable taking a big bet on YNG.