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

TSX:YNG - Post Discussion

Yukon Nevada Gold Corp > Too much panic
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Post by exgoldminer on May 01, 2012 10:35am

Too much panic

On the webcast, Baldock stated that they were looking at many different options, but that nothing would happen right away, that it would take time to make any changes.

 

They aren't going to do a reverse split tomorrow, or merge tomorrow, or sell out tomorrow. They aren't going to do anything tomorrow, that they're not doing today. If the head IR guy told GP that they're currently pouring enough gold to meet their 150k oz/yr target, then why NOT believe him? Why would he be unbelieveable?

 

We've all watched the turnaround  gradually take place -- let them do their thing for the next quarter or two, and then prepare for the changes. Then, not now or tomorrow. 

The big money people who individually own 50 million or more shares of YNG aren't pushing for anything to happen tomorrow: they have much more vested than you or I.

Of course, it'll take time! Nothing has changed. Let's not let speculation and circular arguments get our collective panties in a knot.

Comment by goldpet on May 01, 2012 11:15am
I think we can all agree the current share price doesn't reflect that a turnaround at the mine has been made yet, so they're not being given credit for that now.  I agree with your point that it's going to take more time. What I can't really get my arms around is if everything was currently going to plan and they weren't having further issues of some sort, then why are ...more  
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