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
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
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