re: Ann: High Grade Results Extend Hera Miner... Beaver
It is heartening to hear you are concerned about the size of my package.......er wallet.
I can confirm the size of my er...wallet is just fine and hopefully with YTC will increase signficantly in size (just to keep the wife happy)
I am and have been a long-term holder but still get slightly frustrated (as Yonny so eloquently puts it)when the market does not appear to recognise the hard work and the excellent results that YTC achieve.
I am not sure whether it is a marketing thing or whether the market is scared off by the large Chinese shareholdings (although I would have thought this was a positive for any future capital raisings).
Speaking of which, the company has plenty of cash so a capital rasing is not likely to be imminent in the near future and I would be strongly suggesting to management that when they do a capital raising it does NOT include a SPP.
SPPs cost far more and distracts managment and staff for a long time dealing with the hundreds of mums and dads and all thier individual questions.
The cost and time of placing an SPP is often more dilutive through lost opportunities and distracted managment than just doing a straight placement to sophisticates.
This being the case, the traders should get on board now.
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