Ryan Gold Corp V.RYG

Cash rich but may end up cash poor!

[astrorbit]

From $45,269,384 working capital  in DEC 2011

To $21,700,616 at DEC 2012.

The Company’s total expenditure budget for 2013 is approximately $2.8 million.

The IDA ORA property(flagship) is worth $9million

The working capital may be UNDER $10million at DEC 2013.

JULY 2011 corporate presentation.<--shows how much they care.

[perky38]

Gold is up considerably, yet Ryan Gold is going nowhere Anyone know what percentage of stock does Mr Ryan own?

[perky38]

Email to my quiry in response to your email to the company, we just released our financials which are available on the website. Given present market conditions we are conserving our cash, and only doing a minor exploration program this summer. I do not know how many shares Shawn Ryan owns as he ceased to be an insider last year. The Company has about $20 million in cash. Thanks orestOrest

[astrorbit]

Talk about savings $20million in cash still. New CEO. New properties exploration.J/V oppurtunities. A junior with quite a sizable treasury. The selection of multiple properties. IDA ORA is now on hiatus. Yukon is a "bust"

[astrorbit]

Wow. A year. This is what is called "mismanagement"

[blueray]

its August and there sure doesn't seem to be any news ..............how can they pay themselves a bonus this year? $20 million a bye bye

[Method]

The CEO and CFO at Ryan both have two other jobs each so I'm not really sure how focused they are on doing something productive with the cash. The recent shake up at Dundee Corp is probably the most interesting thing going on as Dundee controls 30% of the company.  Its possible the new CEO wants to clean up some of these tiny holdings like RYG and CRG which are inefficient net-nets