Post by
Margret on Sep 18, 2012 1:31pm
Former CEO of YNG
The former CEO of YNG Robert Baldock has moved on to Monument Mining MMY. It's an interesting company with an amazingly low P/E of 1.59 currently, huge cash flow for a tiny company. It's trading for 4x cheaper than YNG in market cap and so far has higher earnings than YNG. Recently doubled production capacity. It's in Malaysia but has stable British political system like Canada (it's where a lot of the cheap electronics you buy are made). Very low cash cost in the $300 per oz gold range, open pit mine. Mine has expansion potential in gold belt.
Comment by
romara on Sep 18, 2012 1:45pm
Margret, Thanks for the info....Bob Baldock moved back to MMY full time....he was CEO of both YNG and MMY, left YNG when they became sustainable in their production....MMY is Bob's company along with his European investors....mainly the same in both YNG, and MMY.....YNG has been a long time expensive turn around....I have been here since 2003.............Richard
Comment by
exgoldminer on Sep 19, 2012 11:59am
MMY and YNG have adjoining offices; most people here knew that.
Comment by
romara on Sep 19, 2012 1:03pm
Yes, I hope....same receptionist, same coffee pot....same wash rooms, and almost same directors.....could almost be incestuous........... Richard