I was just wondering where on earth they are going to get the funding for these projects. (particularly underthe current market conditions) "Rights issue and they will dilute our holding etc." that made me keep some cash reserves. after Glencore agreed for the finance i pumped in the extra cash at around 32 levels. I do not want to exit before it reaches 60c level atleast. (may in a year's time)
if they find more on the ground it will be more exciting. Unless and otherwise Glencore is sure that there willbe more on the ground they would not have gone ahead with this funding agreement.
BTW, good to see the YTC forum is getting active these days.
goodluck holders
YTC Price at posting:
37.0¢ Sentiment: LT Buy Disclosure: Held