Post by
goodtoreadthis on Jun 05, 2010 11:16am
Back and forth helps
The vigorous discussion here helps a lot. In my view, both sides give each of us lots of informational value. Romara may not have noticed it; but what YNG told him over the phone is literally what the Chairman said in the long interview posted on the website. So the co. is consistent. The only issue is -is it just consistent bull crap as in the past as Ice suggests it is, or is it consistent because it will indeed lead to new economic value.
You folks may be more experienced in mining investment than I ( Broken Hill Proprietary 1969); but I have never before seen a CEO become a COO and do what seems to be a decent job on a major problem - the mercury at the mill.
We will see the first glimmer of evidence that we are witnessing a turn around at the end of Oct when 3rd qtr results are published. For me a newbie here, I am fascinated with the weird way this investment is unfolding for me. The 2008 core readings are posted on Kitco in 2010 and seem attractive. I expect YNg to be a pure start up - but it is not- it is a full fleged former miner/producer that is trying to re-start. The on site company steals some ore and is fired, the mill has mercury since taken care of by COO contraption, one mine open, 2 more to open, ore being processed, some hope of increased thru put, Yukon may offer hope, yada yada.
Given that the entertainment value of YNG comes at no additional charge when you buy the stock, current buyers have a good deal. Old timers like Ice are very validly ticked off. Thanks to both sides for a very valuable exchange.
Hope this time next year shows that the company has been spuing more than high quality BS.