Yukon Nevada Gold Corp T.YNG

I don't get

[otcmoonbound]

all this talk about the reverse split.  It's an accounting entry.  It might affect the price in the short term but longer term it's all about delivering value. And besides, a higher share price is a good thing.  My trading transaction costs would fall by 50-70% after a reverse split.  Frankly, I don't think this issue has anything to do with the recent decline.  The mill is still not operating right.  The company is still not cash flow positive and won't be until maybe June.  Really??!?  After all the money they've plowed into this operation and it's still not cash flow positive with $1600 gold?!?!  It's just more of the same.  Delay, delay, dilute, delay, dilute.

[MrGRP]

I think you answered your own question about a reverse split but more evidence for us not wanting it. You said "??!?  After all the money they've plowed into this operation and it's still not cash flow positive with $1600 gold?!?!  It's just more of the same.  Delay, delay, dilute, delay, dilute. Well if they did a reverse split and went on AMEX etc at $3.00 per

[Combo9]

The market cap of $242.08 m suggests this is the time to buy more .  We just spent nearly that much refurbishing the plant, and there are many intelligent financiers waiting to see a substantial return on their investment.  To offset some of the doom and gloom over this reverse split, here's a quote from Kelpie Capital: - "Re-initiation of research coverage, several

[romara]

I do, ....as I said before....go and look what happened to US Silver.......until the market recovers....I wouldn't touch a backsplit.....never....never do a backsplit intp falling market.......Richard

[otcmoonbound]

USA went from a profit of $9mm in Q3 to a loss in of $1mm in Q4.  Production went down, and costs went way up and now over $20/oz.  That's marginal at current silver prices.  And the whole sector has been hammered.  I'd say these things had a heckuva a lot more to impact on the share price than the reverse split.  Really, this whole reverse split thing is silly

[romara]

I would say that was a stupid time to do a backsplit....I and a lot of people figured gold and silver shares were going to take off in Jan......well they didn't....If USA had a big loss coming....management knew about the loss, probably the time they did the backsplit.....I still say....no backsplit....especially now when the Jr. market is in the pits.....Richard

[MrGRP]

Well everyone is entitled to their own opinion and although some interesting arguements were brought up  in favor of a reverse split ... I am with you on the timing, like I mentioned earlier maybe when the company and production is stable and the market is stable as well. Like you said Richard, some bad news from the states or some more bad news or more countries in Europe going back into

[aristoenigma]

A Reverse stock split is when the company merges shares together to make the price of each share higher. Reverse stock splits are often associated with penny stocks or technology bubbles that drive stocks from all time highs to near worthless. The reason companies justify a reverse stock split is that it makes the share price more attractive for institutional investors such as hedge funds and

[MrGRP]

WEll in my humble opinion ... I appreciated your post and believe it ... a reverse stock split is not necessary and / or will not necessarily help the company or share price .... if the company believes and shareholders believe it is going to suceed they should leave th price alone and grow the business and shareholder / trader confidence ? My read is that correct ? and to me again the big scare /

[goldpet]

I agree 100% with your observations. There's no point in doing the reverse split UNTIL there's turnaround at the mine and the turnaround is KNOWN by these institutions management wishes to have invest in the company. Anything less than that will sell the shares off after a reverse split anyway IMO.

[Stockbagger]

The reason there is no turn around is that management are hedging at bargain basement prices with Deusche bank...ouch.  They have to do that because penny stocks can't raise serious capital...duh!