glencore and competition, page-14

heard Rimas speaking last night. he mentioned that 3.5m 25c options expire tomorrow and inferred that there was some selling of heads to pay for those. In the very thin trading conditions atm that could have caused these current lows.
Also mentioned was that market expects a cap raising and that there were investors sitting on their hands until raising was announced.

The CAPEX is $73m. for the Hera mine

I think most of that will be debt funded so that dilution will be minimised. And if you said that $23m was to be raised via equity at say 35c thats an extra 65m shares or 320m shares in total, fully diluted. not a disaster.

mine life at 7.3 years needs to be longer and this is where Nymagee will boost the whole perception of YTC when it is brought to reserve status.

anyway, bought a few more today on Rimas' comments.