interesting comments makwa.i'm reliably informed that YT were...

interesting comments makwa.

i'm reliably informed that YT were very disappointed to miss the offtake deal. as i've posted before i imagine the glencore deal had too many pros to ignore. even putting the quality glencore financing offer aside, glencore's existing experience with csa and their existing secured port facilities at newcastle are both very bright feathers in their cap. YT could not offer either of these benefits so their financing offer would have had to have been significantly better than glencore's (attractive) finance package.

hard to see YT making a full play for YTC but it's possible. i'm afraid it's more likely they may look to offload their stake. hopefully an off-market deal can be done with either glencore or an institutional investor(s) to avoid their stock being dumped on the market?

market doesn't seem too concerned with possibility/consequences of a YT dump with sp hitting a 6 month high today on healthy volume! :-)

k