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

TSX:YNG - Post Discussion

Yukon Nevada Gold Corp > This a good thing
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Post by goodtoreadthis on Apr 29, 2010 11:36pm

This a good thing

The private placement has price limits above the current stock price. I have bought in the past two days and was required to bid above the ask to cover the exchange diff and floor broker fees.  There is not that much stock available. The big boys see this as serious turn around with an upside of 4-5X from here. Nevada is getting ready to go back fully on line in Juneish. The CEO keeps pounding the 150K ounces one year after full stability. So the first time anybody is gonna see results that show ANY hope will be Oct 2010.

The money here is for Kiska which is a fully equipped mining camp that requires a re-furbished mill. once that is in place and their is some hope on that front, YNG will have a little sizzle from two revenue sources.

This is an amazingly sucky stock if you are here long term. If you are a newbie this has fantastic upside. If you are a long term holder with balls of steel, you add here to average down. If you just want to lessen loss and get out, then by June 2011 you should be able to leave with about $1 per share in your pocket.

That serious European money is here, that BNP Paribus is here, that a new no pump CEO ( that is my impression anyway) is here and things are gradually lining up, says to me that there may be some price softening over the next two months; but as we get closer to Oct 2010, the stock price will be firmer and higher.  In the meantime, I'm looking for ways to add.
Comment by arthur7440 on Apr 30, 2010 7:27am
Mr Goodtoreadthis                 Quote You((There is not that much stock available.))                  There is a lot of YNG stock out there on the sell side,   \          ...more  
Comment by romara on Apr 30, 2010 9:51am
goodtoreadthis.....excellent  post...that's the way I have been seeing it. There are a lot of Negative Nellies on this board that have a "death wish" there is no way they are going to get their money back....and they  want to, is trash the company (YNG) and try and make sure nobody makes any money.....I guess when we make our money and leave...they still will be here ...more  
Comment by arthur7440 on Apr 30, 2010 10:05am
  You can pick up 7,000 shares @ 24.0  & i5,000 @ 25 cents they are just sitting there waiting for you,                                               & ...more  
Comment by arthur7440 on Apr 30, 2010 10:07am
 Hey Richard Were Have You Been Hiding?                                              Artie 
Comment by downer27 on Apr 30, 2010 10:10am
Nice pump Richard.You will get murdered on this stock too if you think it is going higher than 30 cents.Promises don't increase share prices long term, earnings do.  However, promises get people in and keep them in stocks, so long as the shareholder hasn't heard it all before for multiple years.  New shareholders are the best shareholders for these promoters and there have been ...more  
Comment by talkswitch on Apr 30, 2010 10:53am
This PP shouldn't be a surprise due to working capital deficit shown in recent Q report. YNG did a very bad job at Jetty Canyon in the past 6  months. production is at 1/3 level, and cash flow is be negative at current production level. Treasure box was cleaned up again and all the cash from the cheap warrant deal was gone.  My impression is that YNG may need 10-20 million $ only to ...more  
Comment by arthur7440 on Apr 30, 2010 10:58am
   That's  a nice name,  LOL              Anyway's,,,   many moon's ago when YNG was QRL-QEE  I decide to buy in @ 69-70-75- cents,  and go long.  I use to chat   with Dusty and Wendy Lang on a regular bases  I even had their direct phone line  ...more  
Comment by arthur7440 on Apr 30, 2010 11:26am
  I would also like to add this.     I am a very positive person,   Let's face guy's have I not Held on to this stock for 6-7 years, I call that being a very positive shareholder ,.           I am not one of these Negative Nellies  that my friend Richard is talking about, LOL     ...more  
Comment by MrGRP on Apr 30, 2010 11:13pm
I probably read about Starvation Canyon but will have to look again, is there one of their Yukon mines ? or Nevada ... did they ever post the drill results ?  would be interesting to see how good they were/are. Lets just hope things are different this time but it truly concerns me ... anyways .. not that it is sealed in gold . grin  .. but YNG still sais there will be no reverse split ...more  
Comment by goodtoreadthis on May 01, 2010 1:30am
At the .23 level when I bought there was not much on the sell side. There is obviously a lot of stock if the price is bid up; but the soft price of .23 was an illusion on the buy side. When I placed the order at ask of .23 it never moved. Went to .24 and stock crossed the tape. The MM is buying on the low side; those shares were not available on the buy side OTC. Looking at the tape on a 700 mill ...more  
Comment by arthur7440 on May 01, 2010 9:08am
                Good Morning Mr Goodforreadthis:               At The End of  Flyday's  Trading Day There Were    as you can see 149,000 shares @ .24 for sale & 148,500  shares @.235 being Bid For, Mind You By ...more  
Comment by arthur7440 on May 01, 2010 9:28am
Yukon Nevada Gold CorpTSX:YNG Last .23 Today's Change .00 (0%) Volume 327.1K 3:59 PM ET DayMonthYear MORE RESEARCH Overview,News,Charts,Option Chains
Comment by arthur7440 on May 01, 2010 10:55am
   Mr Goodtoreadthis             I    agree with you on this,,Quote You  ((Near term on those issues is OCt 2010 in my view.))                           I would guess that this is ...more  
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