Yukon-Nevada Gold Corp. (YNGFF)

[Implanting]

I just got off the phone with the head IR guy at YNGFF. I definitely think they are looking to sell the Company. IMO they are going to need more financing and it don't look to me like DB wants to give them anymore money. That's why they may have to sell some assets, like Ketza River or do a deal with someone they may not want to actually do a deal with. He was firm in telling me that DB wasn't pushing them to do a deal, but I think that's definitely the case behind the scenes. Why else would you be looking to do other deals?

We talked about the share consolidation and he said they were considering that route because most of the institutional interest in the company came from the U.S. and in order to have institutional participation they would have to get the share price above $2 to get off the OTC and get on the AMEX for institutions to buy. IMO that's a mute point. You aren't going to get any institutional buying UNLESS the turnaround is completed anyway, so that has to take place before anyone seriously starts believing the story here. Retail, institutional or otherwise.

He told me the major investors in the company probably wouldn't take less than .75/share for the company and most wanted $1.

I'm all for the $1 sell mark. LOL