Ann: Hera Project Update , page-12

@Dollarsandsense
1) There won't be another raising. We now have enough cash to continue drilling while we bring Hera and move Nymagee forwardonline. Should that drilling amount to nothing (rather unlikely), it will make more sense to simply wait until stage II is producing, and then finance further drilling from cashflow ...

2) Glencore's anti-dilution agreement predates the one with Pacific. Any reasonable reading of these kind of agreements leads to the conclusion that Pacific can't demand to top off its holding when Glencore makes use of its right.

3) There is no reason why Glencore should suddenly lose interest in YTC. Potential synergies with their own local assets are just too great. Doesn't mean that I expect Gelencore to take us over, but they are bound to keep close (which is what our contracts with them require them to do anyways, so why should they want to reduce imfluence by selling off shares?)