YTC 0.00% 23.0¢ ytc resources limited

I'd love more stock.In minor news, the power plant was due to go...

  1. 662 Posts.
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    I'd love more stock.

    In minor news, the power plant was due to go live today.

    We are still trading under the Pacific Capital buy in price of 24.34cents per share.

    September first gold sales is not to far away at all...

    The only possible reason I can think of that there is no demand for YTC shares is due to the potential for another share placement from Pacific Capital.

    Pacific paid a small premium on the 30day VWAP price for 'phase 1' but the phase 2 price is 10% cheaper than the 30day VWAP. They will also gain a non-dilution clause such that they can top-up during future raisings to maintain their %.

    If the phase 2 raising happened right now for example we'd be having a placement of ~ $10+mill at ~sub 20cents.

    It seems highly likely this placement will happen at some point. I will definitely be having a look at topping up if/when this raising is confirmed.

    I can't recall for sure, but didn't Glencore also have a non-dilute clause?

    Dilution dilution dilution....

    As soon as this gets cleared up we'll set sail for blue sky.
 
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