Post by
romara on Oct 15, 2009 4:50pm
Talked With Nicole
I had a nice long casual talk with Nicole this afternoon....we watched the market close....There is a lot of things that she can't talk about yet, because the NR's haven't been let go. What they really want is too have the first re-pour of dore at the mill by Friday next week. They will be working up to maximum production of 3900 tons/day of Au ore processing from the existing stockpile. Toll milling will be done....By whom and when....in a future PR
The inducement warrants had to happen....first for the operating expenses, and to cover existing liabilities ....nobody likes them including management.
Orifer who is now the managing partner, wants YNG to be their foundation of an immediate tier gold producer. That is something to look forward to.
Their will be other NR's in the coming week about other things that are happening with the company....but she will not go there...so don't shoot the messenger.
Overall, not a bad day....let's hope it will pop some more tomorrow....it should...gold will be on a slight downturn for a couple of days....but the POG should drastically increase next week as the USD falters...and the price of oil increases.
Guys and ladies....we had a great couple of days....a lot more to look forward to.........Richard
Comment by
Flyer64 on Oct 15, 2009 4:59pm
Thank you Richard for sharing your conversation with Nicole..GLTA!!
Comment by
roustabout_x on Oct 15, 2009 7:47pm
Did she say anything about the Chinese partners?
Comment by
romara on Oct 15, 2009 10:58pm
roustabout....almost missed your post....yes...the chinese are still looking to do a joint venture deal ....they are still partners in that numbered company. the last deal fell apart because of the other player,,,,Richard