Ann: Mining Study Update - Yukon Base Metal Proje, page-34

re: Ann: Mining Study Update - Yukon Base Met... Biggest risk here now is the board's intentions; having upset most LT shareholders with the sudden and dramatic change in outlook and numbers on this project, they will likely fear their positions are at risk.
Hence, IMO they are likely to gut the current register and dilute existing holders heavily and at a very low price to party(s) that will be loyal to the existing board: ie allow them to retain their control.

Given the unbelievable changes in al the numbers on this project I have a doubt they will be looking after my interests and probably not those of large retail holders.
However to avoid a mass revold and court case, I would expect them to throw a $20k placement the way of retail which would reduce potential retail shareholder enemies to under 20 and would allow them to be steamrolled.

It is possible that SFG/MQG/Glencore could be promised a low ball institutional placement as a sweetener to keep them onside, and from the look of the sell bot that may have already happened.

If SFG/MQG are not lined up for a low ball placement I would expect them as normal investors seeking to protect what remains of an investment to move to replace the board given the events as they have transpired.

Glencore must be loving this as they will likely end up the beneficiary of the 'worthless' project.