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Veris Gold Corp T.VG

Sector: Metals & Mining | Sub-Sector: Gold
Alternate Symbol(s):  YNGFD | YNGFF

Price: N/A | Change: N/A | %Change: N/A
Volume: 0 | Day High/Low: N/A/N/A | 52 Week High/Low: 0.95/0.10
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RE:RE:More Delays, and more hints that Veris is Dead

DB and the DIP lender are in control of operations and all decisions on what steps will be taken.  The two of them will decide how long they wish to keep operations going (likely as long as it's...read more
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RE:More Delays, and more hints that Veris is Dead

If the bids are not there for this carcase, ..... then maybe some smart vultures will pick it up pennies on the buck ..... DB will have to take a big hair cut ..... Richard  rate and reply
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More Delays, and more hints that Veris is Dead

The court appointed monitor has extended the status quo until June now. Read the entire report here: http://documentcentre.eycan.com/eycm_library/Veris%20Gold%20Corp/English/Monitor's%20Reports...read more
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RE:RE:RE:Kill this company finally

Some people are buying VG shares because its never over until it is over. Right now the odds are totaly that they are done and will sell everything. But it havent been done yet. So it is just...read more
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RE:RE:Kill this company finally

What could it mean that there are still buyers for Veris Gold at FINRA? https://www.consorsbank.de/euroWebDe/-?currentpage=financeinfosHome.Desks.funds.Desks.snapshot.Desks.snapshotoverview&%24...read more
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RE:Kill this company finally

I think Veris is gone already. I can't see any set of circumstances in any of the recent Monitor's reports which would give Veris a chance of surviving. I don't understand why they haven't made some...read more
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Kill this company finally

Why dont they finally put an end to this procedure? It really sucks now. Money is gone anyway.  rate and reply
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Looking worse all the time

From the Court Appointed Monitor's latest report, based on an unexpected disruption to production: 26. In recognition of the mounting challenges faced by the Petitioners, the DIP Lender and Monitor...read more
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RE:RE:"A New Company"

If a new company is resurrected by the trustees, then the old shares are finished ..... unless the trustees put some value on them....as I stated in an earlier post....they may offer you rights to buy...read more
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RE:"A New Company"

@romara And what happens with the "old" shares in such a scenario? Are they absolute valueless or dop they just gettiing diluted by the new placement?  rate and reply
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RE:RE:RE:RE:RE:RE:Its official, company is dead.

I am an italian living in germany. I dont understand in detail what is written in the report, but sounds not good to me. What will happen wit Sprotts and Deutsche Bank shares if Veris Gold will not...read more
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RE:RE:RE:RE:RE:RE:Its official, company is dead.

I hope the so called DIP gets DP (Double penetrated).  rate and reply
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RE:"A New Company"

They won't get any single cent from me.  rate and reply
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"A New Company"

To the best of my knowledge, they could issue shares in say Veris Gold (new company), and the existing shareholders could get "rights" to the new shares if they wished to purchase ....if they didn't...read more
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RE:RE:RE:RE:RE:Its official, company is dead.

The 'state of the shareholders' is not directly addressed in the lasted Monitor's report. The actions now seem focused on recovering as much of the DIP lenders money and DB's money from continued...read more
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RE:RE:RE:RE:Its official, company is dead.

@cnynman But are the shareholders still shereholders and will they be when it goes to maintainance state? Or is there a mechanism that shareholders will be expropriated? What is and will be the status...read more
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RE:RE:RE:Its official, company is dead.

I don't think it's likely that shareholders can do anything at this point. That was in response to an earlier comment. Someone like Sprott could presumably make a credit bid, but that would have no...read more
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RE:RE:Its official, company is dead.

@cnynman How can Shere Holders possibly band together and make a bid? Did i get it wrong that Veris Gold is still producing? Is it possible that VG returns to oprrations after that maiintenance state...read more
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RE:Its official, company is dead.

I don't think the share holders have anything to say about the process now. It is all being controlled by the DIP lender and the Court Appointed Monitor. All their significant decisions have to be...read more
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EY/Monitors Report

Report #13 : http://documentcentre.eycan.com/eycm_library/Veris%20Gold%20Corp%5CEnglish%5CMonitor%27s%20Reports%5CThirteenth%20Report%20of%20the%20Monitor,%20dated%20March%2027,%202015.pdf  rate and reply