YTC 0.00% 23.0¢ ytc resources limited

I was somewhat dissapointed (and perplexed) at the market's...

  1. 148 Posts.
    I was somewhat dissapointed (and perplexed) at the market's reaction to these latest results.

    An early rally in the share price was sold down by impatient profit takers.

    There is no doubt some investors who participated in the 25 cents raising are taking a short-term profit off the table.

    This might be a sound strategy for a penny-dreadful stock with little blue-sky ahead of it.

    However, in relation to YTC this is an incredibly short-sighted strategy. In my opinion, YTC are on to something with the Nymagee and Hera deposits and the Company is just beginning to hit its straps.

    The results so far have been excellent. They are cashed up for at least the next 12 months with the next capital raise likely to be to fund mine development and that could easily come materially from large (Chinese) investors or debt (or combination). They have an aggressive exploration program to further test and delineate the Hera/Nymagee ore bodies, which will conclude in a (I suspect)very robust DFS.

    Why would you be selling at these levels?

    This is one stock where showing a bit of patience will result in significant financial reward - all IMHO.


 
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