Post by
Whateverrr on Sep 08, 2022 7:55pm
And This
"the Yukon government clarified that when two regulatory bodies recommend different security deposits, the larger amount prevails. Thus, the $104 million stands regardless of the government’s recommendation"
Maybe VG will actually try to reduce their environmental liabilities the right way at some point in order to reduce the bond amount. Meanwhile the industry is watching, perplexed and to see how it turns out. The agressive nature of their attorney and claiming the board is being unfair to them, is biased and showing partisanship...well anyone I know who is connected does not understand or see that either. Interesting side show that ends up getting solved with minimal damage and they can focus on trying to run the mine better or it is more then a hiccup. "As The Yukon World Turns" soap opera.
Comment by
yoshka2000 on Sep 09, 2022 12:14pm
I thought the Co. only had to put up 10% of the $104Mil. bond and not the whole amount?
Comment by
Human7 on Sep 09, 2022 4:59pm
Yes, it's like buying insurance, you just pay for the insurance, not the payout available should misfortune occur.
Comment by
yoshka2000 on Sep 12, 2022 11:16am
I feel as if this thing is blown out of proportion for the shorts and nothing else. I mean the Co. is coming back with good results and nobody died, also it's in a great district?
Comment by
Whateverrr on Sep 16, 2022 6:13pm
Been here for years and somehow seemingly learning nothing. My goodness Yoga....get with it. Those that shorted from $15 to $20 all the way down to sub $10 are doing fantastic. They are not the cause of the low share price and good thing they did not listed to Mvargass call for $36 per share as impending and certain.