I was thinking exact same thing DOLLARS …… Bad price to do a cap raise but given its to a strategic who won't be selling anytime soon and now we got the money to drill a more aggressively…..I'll live with it.
Your comment about YTC now being a more difficult takeover target should not be underemphasized. I was always worried that someone like Glencore could end up buying the company on the cheap if we ever managed to hit higher grade Cu in Nymagee. I doubt Glencore has much interest in HERA but if Nymagee was proven to look like an emerging CSA then I can't imagine that they wouldn't make a move on the company given its cheap valuation.
YTC Price at posting:
23.0¢ Sentiment: LT Buy Disclosure: Held
