Hi Welkin, YTC had the option to move to 95% from 90% - Given...

Hi Welkin, YTC had the option to move to 95% from 90% - Given that, it would be more than strange if the other party had a right to go back the other way.


Good movement in sp lately...Glencore is a shrewd operator and has expert local knowledge - Them buying ~6% of YTC is extremely good validation of YTC's consistent statements of its belief thats its uncovering the next Cobar field.

Just hope that they don't get them too cheaply when/if they make their move... $100million is far far too cheap for what they've already uncovered at Nymagee and Hera, $20mil cash, and 25km of highly highly prospective strike (I see they are currently drilling the old Dominion mine 12km South of Nymagee...imagine if that comes up trumps......)