REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! The banners on the left side and below do not show for registered users!

If you have any problems with the registration process or your account login, please contact contact us.


Go Back   REVscene Automotive Forum > Vancouver LifeStyles (VLS) > The Business and Financial Forum

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.

Reply
 
Thread Tools
Old 04-18-2012, 05:49 AM   #7276
I contribute to threads in the offtopic forum
 
jasonturbo's Avatar
 
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.
Advertisement
__________________
Quote:
Originally Posted by jasonturbo
Follow me on Instagram @jasonturtle if you want to feel better about your life
jasonturbo is offline   Reply With Quote
This post thanked by:
Old 04-18-2012, 08:50 AM   #7277
SiRVs up, dude
 
SiRV's Avatar
 
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
__________________
My Feedback Rating
SiRV is offline   Reply With Quote
This post thanked by:
Old 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 View Post
America's hottest penny stock has links to controversial Osoyoos family

Did anyone read this in the Vancouver Sun over the weekend?

hahah SNPK:OTC is currently at $1.92...short it back to pennies? lol
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.
highfive is offline   Reply With Quote
This post thanked by:
Old 04-18-2012, 09:41 AM   #7279
RS Veteran
 
TouringTeg's Avatar
 
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...










Spoiler!

Last edited by TouringTeg; 04-18-2012 at 09:54 AM.
TouringTeg is offline   Reply With Quote
Old 04-18-2012, 11:51 AM   #7280
I contribute to threads in the offtopic forum
 
jasonturbo's Avatar
 
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
jasonturbo is offline   Reply With Quote
Old 04-18-2012, 03:26 PM   #7281
I *heart* Revscene.net very Muchie
 
strykn's Avatar
 
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
strykn is offline   Reply With Quote
Old 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 View Post
Just 2 weeks away from some potential 2-3x bagger option plays. too excited
like? no one likes a tease
4444 is offline   Reply With Quote
This post thanked by:
Old 04-18-2012, 06:32 PM   #7283
To me, there is the Internet and there is RS
 
penner2k's Avatar
 
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 View Post
SU has been taking a beating recently.

Now they are being charged with an oil spill in the Atlantic. Non-toxic drilling lubrication mud though. Down to $30 a share and oversold IMO.

Suncor Energy charged with oil spill off coast of Newfoundland | News | Financial Post
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.
penner2k is offline   Reply With Quote
This post thanked by:
Old 04-18-2012, 10:25 PM   #7284
I contribute to threads in the offtopic forum
 
jasonturbo's Avatar
 
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 View Post
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
jasonturbo is offline   Reply With Quote
Old 04-19-2012, 05:10 AM   #7285
To me, there is the Internet and there is RS
 
penner2k's Avatar
 
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 View Post
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.
penner2k is offline   Reply With Quote
Old 04-19-2012, 06:38 AM   #7286
I contribute to threads in the offtopic forum
 
jasonturbo's Avatar
 
Join Date: Feb 2008
Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
Yukon-Nevada Gold Corp. - News Releases - Yukon-Nevada Gold Corp. Announces 2011 Year End Financial Results and 2012 Outlook - Thu Apr 19, 2012...
jasonturbo is offline   Reply With Quote
This post thanked by:
Old 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
ROFLMAO SNPK pumpers made a Youtube video

Why SNPK's drop on April 18th could be forgotten very quickly! - YouTube
shawnly1000 is offline   Reply With Quote
Old 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!!
highfive is offline   Reply With Quote
Old 04-19-2012, 03:22 PM   #7289
My homepage has been set to RS
 
xpl0sive's Avatar
 
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.
xpl0sive is offline   Reply With Quote
Old 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.
ad3c is offline   Reply With Quote
Old 04-20-2012, 12:40 PM   #7291
Old School RS
 
lowside67's Avatar
 
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.
lowside67 is offline   Reply With Quote
Old 04-20-2012, 05:04 PM   #7292
Revscene.net has a homepage?!
 
604nguyen's Avatar
 
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
604nguyen is offline   Reply With Quote
Old 04-22-2012, 11:53 AM   #7293
I *heart* Revscene.net very Muchie
 
strykn's Avatar
 
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
strykn is offline   Reply With Quote
Old 04-23-2012, 01:38 AM   #7294
I STILL don't get it
 
leilomo's Avatar
 
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...
leilomo is offline   Reply With Quote
Old 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..
waddy41 is offline   Reply With Quote
Old 04-23-2012, 11:00 AM   #7296
I contribute to threads in the offtopic forum
 
jasonturbo's Avatar
 
Join Date: Feb 2008
Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
Yukon-Nevada Gold Corp. - News Releases - Focus on Resource Conversion Proves Successful at Jerritt Canyon, Nevada - Mon Apr 23, 2012

Good stuff, but not good enough to keep YNG out of the red today lol...
__________________
Quote:
Originally Posted by jasonturbo
Follow me on Instagram @jasonturtle if you want to feel better about your life
jasonturbo is offline   Reply With Quote
This post thanked by:
Old 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
blkgsr is offline   Reply With Quote
Old 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?!
Jermyzy is offline   Reply With Quote
This post thanked by:
Old 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 View Post
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
4444 is offline   Reply With Quote
This post thanked by:
Old 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..
highfive is offline   Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -8. The time now is 03:03 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net