First and Last Word on Metals and Mining

Ryan Gold Corp. (TSX VENTURE:RYG) announces that the Company’s board of directors has appointed David Schmidt as the Company’s Interim Chief Executive Officer. Mr. Schmidt is currently the Vice President of Corporate Development and replaces Michael Skead, who has resigned as Chief Executive Officer and director effective May 15, 2012. Over the next few months, Mr. Skead will work with the Company in a transitional capacity, assisting with the evaluation of more advanced projects to complement the current exploration portfolio.

Andy Randell will become the Company’s Chief Geologist, replacing Ian Gendall, who is resigning as Vice President Exploration effective May 15, 2012. Mr. Randell joined Ryan Gold last summer as a Senior Geologist and brings with him seven years of mineral exploration experience in the Yukon Territory and Guyana. Mr. Randell graduated with a degree in Geology from Cardiff University in 1998. Mr. Gendall will continue to assist Mr. Randell and the Company through the current exploration season on a part time basis.

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Reviews

High Flyer No More

May 22, 2012 at 8:06 pm
Zurbo Zurbo

Who would have thought that the darling of the Yukon with a >$200 million market capitalization in mid-2011 would be trading down 80% right at its cash value less than a year later? We argued that Ryan Gold was pretty richly valued 12 months ago, but to think it would become a Cash King so soon certainly didn’t cross our minds even after hearing about some of the personality conflicts within the company. But here we are, and Ryan Gold is not alone.

a year ago

2 Responses to Ryan Gold Corp.: Change of Officers and DirectorComment RSS Feed

  1. Strannick

    You guys ever think of doing a cashking report?
    You planning on doing any new royalty report in the near future?

    • @Strannick

      Considering the disappointing response we received from our first Royalty Report compared with the monumental effort required to collect the data, no imminent plans. It certainly isn’t helpful as a motivator that there does not appear to be much value or trading opportunities of interest in the space beyond what we’ve already identified. I’m sure if we spent another hundred hours plugging away in our spreadsheets we’d come up with some new and interesting insights, but that’s a tough sell with so much else on the to-do list.

      A Cash King report seems more interesting and something I’m willing to consider, but again no immediate plans. However, in an effort not to completely disappoint I have been compiling a rough list that’s loosely monitored which I’ve posted to the comments section of a premium post: http://www.metalaugmentor.com/analysis/update-on-cash-is-king-companies-2.html#comment-16500

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