Interesting note, but slightly concerning and confusing.
Baillieu have a price target of 43 cents while others have had (and continue to have) much higher price targets.
They also make no mention of the tin assets. While these are likely to be spun out, this has not occurred as yet and therefore still form part of YTC's asset base.
It mentioned that Glencore had taken an interest in YTC but did not reflect on whether that was a good or bad thing.
I thought the note was a bit light on in its rigour.
YTC Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
