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

TSX:YNG - Post Discussion

Yukon Nevada Gold Corp > YNG - My Thoughts
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Post by romara on Nov 14, 2009 11:35am

YNG - My Thoughts

I, myself don't like to be called a Disinterested Shareholder by the company...or anyone... I am an interested shareholder who takes interest in what is being done to my shareholder value by some insiders....what would you rather see, 300+ million shares at .30, or 600+ million shares at .15 ...take your choices...because that is what is going to happen to your shares ...believe it.

If they need cash to operate  and now they are pouring at around 500 oz of gold per week....I am sure they could sell some gold forward into the market without the price collapsing and hurting them financially.

And I will say again ORIFER SA is just a pig at the trough gobbling up those Inducement Warrants when they are not really needed ....it's so self serving for the CEO and ORIFER SA to do that ...at our expense

Just my opinion on a real nice November Saturday...time to put up the Christmas lights before it snows......Richard
Comment by arthur7440 on Nov 14, 2009 12:27pm
 Why talk about snow and piss-off the Disinterested shareholders that can not aford to go Snow Birding like you can, The the Warm South,                                           & ...more  
Comment by newb99 on Nov 14, 2009 1:08pm
 How do you come up with 500 oz per week if they run 3300 tons per day?Also note that as of Nov 10 cash on hand  2+mil , on Oct 20 there was ...hmm All the best newb99
Comment by romara on Nov 14, 2009 7:52pm
newb...I was being conservative.......they say by the MD&A....that they expect to mill 150,000 ounces of gold within the next year....if that is right and we base that on Fridays close of approx 1120USD (rounded) that makes for a cash flow of $168 million USD........why issue warrants ...........when you can substantiate that kind of cash flow. We all know gold is going higher....so that means ...more  
Comment by newb99 on Nov 15, 2009 11:30am
 All true Richard but do they not have to spend money first  to get the ore to the mill and pay to reopen mines.How much lead time do they need when they reopen a mine till they get cash ?    Old saying, you have to spent money first to make money.       All the best newb99
Comment by romara on Nov 15, 2009 3:03pm
newb, just go to the june 11, 2009 NR...and this is part of it. They have a lot of stockpied AU ore...and here are the figures. This from below ....so they have a good cash flow with the stockpiled ore....so why all the Inducement Warrants???These ROM pad resources will allow the Company to achieve the presently budgeted throughput of 3,300 tons per day. Upon recommencement of milling it is ...more  
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