About Downer....Downer is still one of the original holders left here that had Queenstake Resources share...propably paid a couple of dollars each for them.....when they dropped to $.40 cents....with a value of about $4.00 per share after Yukon Nevada took over, and the share were backsplit 10/1.
During 2008, the world markets collasped, and financing was not available....the shares dropped doewn to the 2 to 4 cent range ....that's when ORIFER SA bought in cheap. A lot of us shareholders then bought enormus amounts of cheap shares, ....but Downer and a few other didn't....so their original investment was really beaten down .... A lot of us made real good money on a couple of real great share price increase...it got up to $.95 cents once.
We all know what happened then....price fell back to about $.30 cents....and it was backsplit again to 10/1 to $3.00 .....and we saw it slip away again.....
Say if Downer had bought 10,000 shares of Queenstake Resources at $3.00...it would have cost him $30,000.......after the initial backsplit 10/1 ...he would have 1000 shares at a price of $30,000.00...or a cost of $30 bucks a share.
So remenber now, Downer has only 1000 share of YNG at a cost of $30,000....YNG changes it's name to Veris Gold, and backsplits 10/1.....so that means Downer now has just a 100 shares of Veris gold at a cost of $300.00 per share...... what are those shares worth today....??
This is just an estimation....I do not know how many shares of Queenstake Resources that Downer had, or at what price he paid for them....you can see where his hatred comes from....we should all have pity on Downer ....and but by the Grace of God.... it could have been one of us....... Richard