YAM yamarna goldfields limited

the problem with yam

  1. 2,778 Posts.
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    YAM is sufering a bit of uncertainty at the moment I think becuase of one reason, that being that they run out of cash this quarter. They will need to sell some of their investments, issue new shares or do something else to keep the company going. YAM's saving grace are their shareholdings in PRR, SLT, DEG,CLD & PBI. This portfolio has performed admirably over the last few months to now add up to .94c per YAM share of value. On todays YAM share value this leaves a mere $1.2m of value for YAM's mining partnership interests - far too low on todays market. If YAM can get some certainty in funding set up then you could expect to see a more realistic value. I wait with baited breath to see what is coming.
 
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