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

TSX:YNG - Post Discussion

Yukon Nevada Gold Corp > facts from recent newsreleases
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Post by downer27 on Nov 16, 2010 10:17am

facts from recent newsreleases

a. YNG received $25million loan in third quarter of 2010 and had $9.3million left at end of same quarter
b. YNG lost 2,700 ounces of gold and no longer has Golden Eagle to blame for it
c. KPMG resigned, was not fired
d. YNG lost almost $18 million for the quarter
d. 30,332 ounces mined year to date

Random thoughts....when is the next round of financing?....what form will it take?....how does 30,332 ounces in 9 months turn into 150,000 ounces for year?

This "new company" is "pouring gold and making money"!
Comment by talkswitch on Nov 16, 2010 11:37am
low production  and big cash lost  mean one thing: yng hasn't turned around yet. imo, the money thirsty mill is yng's only valuable asset, but it's hard to tell how much money required before it can run smoothly.
Comment by MrGRP on Nov 16, 2010 6:11pm
just finally got back online after a long flight to get to Australia ... honestly not the results or hews I would have likedto read but sometimes life happens ... many of us have made serious money on YNG shares and will continue to do so ! If you know anything you know that money doesn't grow on trees and a stock and  a company doesn't turn around over night ... there are many bumps ...more