The Business and Financial Forum THIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE! Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance. | | |
04-18-2012, 05:49 AM
|
#7276 | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
|
YNG News: Quote:
Yukon-Nevada Gold Corp. Initiates Strategic Review to Maximize Shareholder Value
Canada Newswire
VANCOUVER, April 18, 2012 /CNW/ - Yukon-Nevada Gold Corp. (TSX: YNG) (Frankfurt Xetra Exchange: NG6) ("YNG" or the "Company") announces that it has initiated a process to explore and evaluate potential strategic alternatives to maximize shareholder value. To that end, the Company has formed a Strategic Review Committee comprised of three members of YNG's Board of Directors and has engaged Deutsche Bank Securities, Inc. and RBC Capital Markets as Financial Advisors to assist in the review and potential implementation of such strategic alternatives.
As part of the Strategic Review, the Financial Advisors will undertake a comprehensive analysis and evaluation of the prospects and options available to the Company, which may include a sale, business combination, joint venture, merger, acquisition, strategic investment or other alternatives identified by the Company or the Financial Advisors that will serve to maximize shareholder value.
Robert Baldock, CEO and Director, states, "The decision to initiate a Strategic Review process at this time coincides with attainment of our primary goal to turn-around operations and complete refurbishments at our Jerritt Canyon mining and milling facility. With these primary milestones now achieved, this is a natural and opportune time to review all options at our disposal to determine which tactical direction will add maximum shareholder value going forward."
There can be no assurances that the Company will pursue or complete any of the strategic alternatives that are reviewed. The Board of Directors, via the Strategic Review Committee, will review all possible strategic alternatives presented, including the execution of YNG's current business plan, and weigh the relative benefits of such alternatives to shareholders. The Company does not intend to disclose developments with respect to the progress of the Strategic Review process until such time as the Board of Directors approves or completes a transaction or otherwise determines that further disclosure is appropriate or required.
Yukon-Nevada Gold Corp. is a North American gold producer in the business of discovering, developing and operating gold deposits. The Company holds a diverse portfolio of gold, silver, zinc and copper properties in the Yukon Territory and British Columbia in Canada and in Nevada in the United States. The Company's focus has been on the acquisition and development of late stage development and operating properties with gold as the primary target. Continued growth will occur by increasing or initiating production from the Company's existing properties.
If you would like to receive press releases via email please contact nicole@yngc.ca and specify "Yukon-Nevada Gold Corp. releases" in the subject line.
| Hopefully this gets people in on the buyout bandwagon, lots of speculation in the past that they would be a target for takout by some of their neighbors (Barrick or Newmont)
Some more light reading on YNG: Yukon Nevada Gold
I already hold like 140k shares.. thought about adding more... lol wish me luck.
__________________ Quote:
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | |
| |
04-18-2012, 08:50 AM
|
#7277 | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
Posts: 4,771
Thanked 345 Times in 178 Posts
Failed 31 Times in 17 Posts
|
sweet.. 20% over 2 days SOLD
|
| |
04-18-2012, 09:37 AM
|
#7278 | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
Posts: 2,945
Thanked 1,123 Times in 533 Posts
Failed 71 Times in 38 Posts
| Quote:
Originally Posted by highfive | hahahah it stayed up at the $2.40s and now it's down 90 cents.
damnnn
Edit: Looks like it's down to 70 cents now hahahah
Last edited by highfive; 04-18-2012 at 09:56 AM.
|
| |
04-18-2012, 09:41 AM
|
#7279 | RS Veteran
Join Date: Nov 2001 Location: An Island
Posts: 14,400
Thanked 5,024 Times in 1,083 Posts
Failed 4 Times in 4 Posts
|
Jason.. 140k shares and going for more. You go balls deep.
I like this quote “Buy when there’s blood in the streets, even if the blood is your own.” Baron Rothschild
I got all emotional and sold all my YNG shares yesterday...
Last edited by TouringTeg; 04-18-2012 at 09:54 AM.
|
| |
04-18-2012, 11:51 AM
|
#7280 | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
|
AAA at this price is a nice gamble if you're feeling risky lol.
__________________ Quote:
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | |
| |
04-18-2012, 03:26 PM
|
#7281 | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
Posts: 3,550
Thanked 4,012 Times in 988 Posts
Failed 210 Times in 55 Posts
|
Just 2 weeks away from some potential 2-3x bagger option plays. too excited |
| |
04-18-2012, 04:50 PM
|
#7282 | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
Failed 532 Times in 202 Posts
| Quote:
Originally Posted by strykn Just 2 weeks away from some potential 2-3x bagger option plays. too excited | like? no one likes a tease
|
| |
04-18-2012, 06:32 PM
|
#7283 | To me, there is the Internet and there is RS
Join Date: Jan 2002 Location: Delta
Posts: 15,911
Thanked 765 Times in 228 Posts
Failed 354 Times in 58 Posts
| Quote:
Originally Posted by AME_VIP | Just as a note. They have been having a record couple of months the last couple months as far as pumping oil out of the ground. They were averaging 112,000 barrels a day in Feb. up where I'm working.
__________________
The harder I lift and the more I eat, the better my genetics seem to get.
|
| |
04-18-2012, 10:25 PM
|
#7284 | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
| Quote:
Originally Posted by penner2k Just as a note. They have been having a record couple of months the last couple months as far as pumping oil out of the ground. They were averaging 112,000 barrels a day in Feb. up where I'm working. | Firebag?
I know that the main site (Millennium Mine) has been down almost 80kBBL/day for the better part of a month. The loss of production and poor bitumen prices that is what is hurting Suncor share value right now IMO.
Though those are good numbers for Firebag
__________________ Quote:
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | |
| |
04-19-2012, 05:10 AM
|
#7285 | To me, there is the Internet and there is RS
Join Date: Jan 2002 Location: Delta
Posts: 15,911
Thanked 765 Times in 228 Posts
Failed 354 Times in 58 Posts
| Quote:
Originally Posted by jasonturbo Firebag?
I know that the main site (Millennium Mine) has been down almost 80kBBL/day for the better part of a month. The loss of production and poor bitumen prices that is what is hurting Suncor share value right now IMO.
Though those are good numbers for Firebag | The Pad we are working on "should" be up and running by this time next year along with another pad that is bigger. Between the 2 they should be doing close to another 80k+ a day.
They are drilling 2 superpads now which theoretically once done should be doing almost the 80k a day each.
__________________
The harder I lift and the more I eat, the better my genetics seem to get.
|
| |
04-19-2012, 06:38 AM
|
#7286 | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
| |
| |
04-19-2012, 07:59 AM
|
#7287 | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
Posts: 2,489
Thanked 1,458 Times in 588 Posts
Failed 16 Times in 9 Posts
| |
| |
04-19-2012, 09:12 AM
|
#7288 | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
Posts: 2,945
Thanked 1,123 Times in 533 Posts
Failed 71 Times in 38 Posts
|
hahahahaha
SNPK is the very last time you can see it at a dollar....yeah before it goes to zero!!
|
| |
04-19-2012, 03:22 PM
|
#7289 | My homepage has been set to RS
Join Date: Nov 2004 Location: Burnaby,BC
Posts: 2,053
Thanked 1,185 Times in 304 Posts
Failed 115 Times in 62 Posts
|
wow what a crazy way to make millions of dollars for SNPK "investors"
__________________
Fast, Reliable, Cheap
A car can be only 2 out of the 3.
|
| |
04-20-2012, 11:58 AM
|
#7290 | Revscene.net has a homepage?!
Join Date: May 2004 Location: richmond
Posts: 1,213
Thanked 0 Times in 0 Posts
Failed 7 Times in 3 Posts
|
anybody sold their NZ? i'm tempted to, that was a rough ride for a while was down over 20% lol. Maybe i should just take a few hundred dollar gain. Earnings are supposed to come out next week though i think.
|
| |
04-20-2012, 12:40 PM
|
#7291 | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,596
Thanked 4,042 Times in 1,232 Posts
Failed 129 Times in 79 Posts
|
Not a hope in heck I'm selling. CM-3 is already drilled and cased, CM-4 is being drilled as we speak. Flow testing will commence on both immediately once CM-4 is cased and the results will be released together. If either of the two are winners the share price is going to break $4 for sure.
Mark
__________________ I'm old now - boring street cars and sweet race cars. |
| |
04-20-2012, 05:04 PM
|
#7292 | Revscene.net has a homepage?!
Join Date: Dec 2004 Location: Coquitlam
Posts: 1,247
Thanked 497 Times in 133 Posts
Failed 65 Times in 17 Posts
|
^ im really hoping for that
currently holding at a 3.30 avg though
__________________
E70 4.8i
|
| |
04-22-2012, 11:53 AM
|
#7293 | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
Posts: 3,550
Thanked 4,012 Times in 988 Posts
Failed 210 Times in 55 Posts
|
oh man i was watching SNPK collapse live was about to trade it woulda made a fuckload but too risky
|
| |
04-23-2012, 01:38 AM
|
#7294 | I STILL don't get it
Join Date: Sep 2005 Location: vancouver
Posts: 470
Thanked 26 Times in 11 Posts
Failed 3 Times in 2 Posts
|
Get ready for a day of pain today. Futures down almost a percent as I type this. Sigh...
|
| |
04-23-2012, 06:28 AM
|
#7295 | Rs has made me the man i am today!
Join Date: Apr 2004 Location: Vancouver
Posts: 3,073
Thanked 69 Times in 47 Posts
Failed 11 Times in 6 Posts
|
hmmn depends on which side you're on..
|
| |
04-23-2012, 11:00 AM
|
#7296 | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
|
__________________ Quote:
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | |
| |
04-23-2012, 11:39 AM
|
#7297 | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,665
Thanked 760 Times in 383 Posts
Failed 150 Times in 49 Posts
|
red red red
|
| |
04-23-2012, 09:24 PM
|
#7298 | Banned (ABWS)
Join Date: Mar 2003 Location: Richmond, BC
Posts: 4,694
Thanked 239 Times in 94 Posts
Failed 17 Times in 10 Posts
|
Can anybody explain why gold stocks are being hammered??!! If europe is on brink of recession again, shouldn't gold be considered a safehaven and be going up?!
|
| |
04-23-2012, 10:14 PM
|
#7299 | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
Failed 532 Times in 202 Posts
| Quote:
Originally Posted by Jermyzy Can anybody explain why gold stocks are being hammered??!! If europe is on brink of recession again, shouldn't gold be considered a safehaven and be going up?! | Gold isn't a safe haven like the grneenback is, gold will go up when there is money printing, easy lending, etc. gold ramp up had qe3 partially priced in, looks like no qe3 anytime soon, which is punishing gold. I'm sure similar factors in Europe and china have an effect on this too.
I sold out of gold over a month ago on this basis, hindsight says I should have sold at $1900, but so is life, still gained a 40% gain (2x levered etf) in a couple of months
|
| |
04-24-2012, 09:08 AM
|
#7300 | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
Posts: 2,945
Thanked 1,123 Times in 533 Posts
Failed 71 Times in 38 Posts
|
The almighty AAPL is dropping as well..lol down to $560..
|
| | | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | All times are GMT -8. The time now is 03:03 PM. |