Veris Gold Corp (VG.TO)

Management has over promised and under delivered. Jarrad Canyon mine has had some operational issues. If you own, continue to hold for a possible turnaround, otherwise he wouldn't own it.

(Market Call Minute) Interesting play, have large resources. Big potential. High cost operation (watch them).

Having problems. Really nice people and think they will figure it out. Financing is always a risk along with operations. We are entering a high-cost environment and the whole junior market is collapsing.

Recently bought the Jerritt Canyon operations in Nevada. Very marginal operation so if gold had a substantial rally, this is something that could turn out a lot of cash flow, but it is so marginal that even in today's price, he doesn't know if they are making money. Too risky. Jerritt Canyon has seen its heyday.

New CEO. Haven’t followed it too closely. Had been a fan of their Yukon project, but not of Nevada. Now looks at it as a mediocre type of investment.