re: Ann: Acquisition of OZ Minerals Nymagee T...
Totally agree with you two.
Also this shows:-
1. YTC is very confident of getting the capital required to convert the existing deposits to saleable products (or already some parties are interested to lend but not inked yet to be announced to the market) Unless and otherwise they are sure of this they will not go and acquire some more land in and around the existing deposits. 2. They are also very confident of the quality and quantity of the mineralisation in the existing deposits so only they are acquiring someland adjustent.
Almost all the resouces are hammered out of shape. Once the situation improves in Europe we will start see some sanity in the market.
YTC Price at posting:
36.0¢ Sentiment: LT Buy Disclosure: Held
