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4:07 pm
May 18, 2012
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Jae Jun
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YNGFF
Sombody told me that mining isn't rocket science, it's harder.
I fully believe it because mining contains so many hidden and shifting variables.
At this point in time, all I want to say is that management has been a let down for sure.
The valuation certainly is cheap, but if management dilutes shareholders even more or can't match their words, who know where it will go.
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9:56 pm
May 16, 2012
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matias091
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I've been thinking of buying shares of YNG since Mr. Skonieczny first posted his analysis. Nonetheless, every time I look them up I seem to find more managment errors, performance let downs, and insufficient disclosure.
Should I let these difficulties influence my investment? Probably… but at these prices ($0.23/sh!!?), I'm gonna need something stronger than that to stop me.
It would be great to see if the fundamentals are still there. If anyone can provide a simple (bullet style) pros vs cons list that would be awesome!!
Thanks in advance,
Matias
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1:12 am
December 22, 2011
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Jae Jun
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Regarding that burner, I wonder whether management is overstating the cost of that burner.
I know Mariusz is very bullish on YNGFF and Baldock himself which is a cause of concern for me.
But given the environment, I do understand that gold miners are very cheap. Their deal with Deutsche bank is worth much more than this.
Yukon just needs to get its cash flow straight, give some news that their winterization, upgrades, safety hazard issues are all being addressed and taken care of.
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1:03 pm
December 21, 2011
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krackerjack121
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I actually went into today and bought a bunch of shares. I just happen to think that they are in good shape and starting to turn around things. The biggest downside protection in my mind is the burner that they have. That should be able to protect them and give them a potential to turn things around.
Have you been following Mariusz over at Classic Value Investors. He has had a great conversation as well as due dilligence with his research.
http://classicvalueinvestors.c…..ut-to-end/
That is the link that he has his most updated information.
Rocky
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12:49 pm
December 21, 2011
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Jae Jun
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YNGFF is the most difficult company that I'm invested in. Just hair tearing frustration with this company.
They make mistake after mistake.
The potential is huge if they can just get one thing right or communicate better.
I bought a little more, but the price is down even more. Gold miners still definitely cheap though.
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4:26 pm
December 19, 2011
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krackerjack121
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Hi Jae,
I was wondering if you still held this and if you were buying in at these prices. I have almost pulled the trigger a couple of times here, but not quite yet. I have a couple of more report that I want to go through before I decide if I am going to pull the trigger or not. What are your thoughts these days concerning YNGFF?
Thanks,
Rocky
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11:47 am
May 5, 2011
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Jae Jun
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Zehua,
not sure why you just copied and pasted the previous posters comment.
But anyways quick thought on current events.
Stock is down 30% YTD and with the warrants being offered at an 18% discount, looks like warrant holders are taking quick profits as YNGFF is in need of cash to fix up their facilities. Full details of what they plan to do with the cash is in their press releases. Wont repeat it here.
But if you separate the price and the business, there has been no material information or changes to the business that would confirm such price movements.
As always, price is a tool and not an indicator.
Short term hurdle of raising working capital. Short term 2011 looks difficult but long term, YNGFF upside is excellent compared to the downside.
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4:07 pm
May 3, 2011
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zehua
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Post edited 9:08 am – May 3, 2011 by zehua
Jae-
Good luck with this. I can't seem to like this stock's risk at all other than it tells a good story with aggressive objectives and value priced if you believe them.
I really don't like the poor disclosure this company has on all facets of their operation.
Can you lead me to what their current cash costs are for Jerritt Canyon ore? They don't publish it in their results nor do they publish the grade of the ore milled. It appears in their dated 43-101 the grade should be in 6-8 g/ton range and if you can't make big profits producing that grade of ore at current gold prices you might as well just hang it up.
Another piece of confusion is roasting concentrate is the smelting process and not milling a separate process.
Usually you can tell a company is good or bad just by the layout of the website. This one keeps you guessing as the company provides no or dated 43-101s, property location( a potential satellite deposit). It also doesn't help that they have 1 billion shares in play already and trying to expand with that float.
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10:28 am
January 31, 2011
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FIFOkid
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Post edited 1:07 am – February 4, 2011 by FIFOkid
Jae-
Good luck with this. I can't seem to like this stock's risk at all other than it tells a good story with aggressive objectives and value priced if you believe them.
I really don't like the poor disclosure this company has on all facets of their operation.
Can you lead me to what their current cash costs are for Jerritt Canyon ore? They don't publish it in their results nor do they publish the grade of the ore milled. It appears in their dated 43-101 the grade should be in 6-8 g/ton range and if you can't make big profits producing that grade of ore at current gold prices you might as well just hang it up.
Another piece of confusion is roasting concentrate is the smelting process and not milling a separate process.
Usually you can tell a company is good or bad just by the layout of the website. This one keeps you guessing as the company provides no or dated 43-101s, property location( a potential satellite deposit). It also doesn't help that they have 1 billion shares in play already and trying to expand with that float.
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11:20 am
January 20, 2011
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Jae Jun
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As you may know, YNGFF is a holding of mine.
The price has come down a lot since the high of 80c, but is there anything wrong with the company?
I say no.
Right now in Jan, it is winter time.
These mines have likely frozen up resulting in no new news. No news = low volume = falling prices.
That's the way I see it at the moment. No need to worried when looking out at least 1 year.
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