The person phoned was representing YTC Resources and that's all and was not going into any issues. Just am I going to vote and I told them it's already in the post and the Chairman is my proxy.
I had same thing with another firm last year when the vote and management were in a mess/trouble with shareholders. Of course this is not the case with YTC Resources.
Yes, I'm wondering what kinds of deals could swing major shareholders to not vote for the deal. Isn't Nystar (Belgium?) involved as a major shareholder, or are they part of Glencore?
If there is no go for Glencore it would be up to YTG to provide financing. I wonder also whether the NSW Government would be watching events and what they would prefer....all too complex when one has no inside information and isn't a memeber of MENSA.
YTC Price at posting:
27.5¢ Sentiment: LT Buy Disclosure: Held