are we waiting for the ides of march?, page-17

Having finally read the documentation from YTC, the tin offtake is for YTG, Glencore want the Lead, Zinc and Copper, YTC will have the Gold and Silver Dore.

Having researched the new Constitution, voting outcome for a Glencore financing is just a majority vote. Shareholders vote is required specifically for the issue of $70m worth of convertible notes as this may eventuate in Glencore have a majority holding in the company...depending up on the SP levels it could go up fairy high in that if the SP goes down substantially they would own more of the company.

It seems to me that YTC will end up availing themselves of the entire $70m as per their captial estimate to get into production.

So to me it makes sense that no one is selling (only about $330,000 worth I think in the past month from memory), but it seems stranger that there is no advance in the SP.

In my insular naivety perhaps I'm missing something. Does anyone have information or opinion to add?

Best to all.

flamencojazz