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.