Thanks for your thoughts. If I was YTC management I would be looking at bringing in one or two big players and fund the mine development with a combination of equity from these players and debt (underwritten through some forward selling)
Yes, the general market is not looking good atm, but in my experience there is always money around for good projects from those investors who can see past a 1-day investment horizon. Lets not forget that they already have a major Chinese backer on the share registry who has made a signficant (unrealised) gain on their investment already and has deep pockets.
YTC also currently has $25 million in the bank and they have stated publicly that there is a possibility of open pit operations funding under ground mining operations.
I personally don't think they will need to raise anything like $150 million to get things going and may in fact only have to raise a relatively smallish amount
Constant speculation about capital raisings will mean that the punters, short-termers and those that are currently selling will invariably miss out.
YTC Price at posting:
55.5¢ Sentiment: Hold Disclosure: Held
