glencore becomes substantial holder, page-5

@all
I think we'll get a lot more interest after this. So far, the market had only YTCs own claim that it could be the next CSA. Now Mr. Market learns that Glencore, the CSA owner, agrees with this evaluation. Exiting times ahead imO ...

@stigy
I think our Chinese co-owners (30%) and management know exactly how much this baby is worth and will not sell at the cheap (me either), especially not with the new drilling results showing the potential for expansion in all directions. So imO there is no way for Glencore to get rid of us small investors, either.

Also, we are in no need to sell cheap - financing a gem like Hera shouldn't be too hard atm (caveat: Greece getting its act together today and no sudden China crash), and hopefully we get to participate.
Nymagee can then later be financed from cash flow (or, if the economy tanks, be put on hold, while YTC buys back shares on the cheap with cash flow from Hera).

OTOH, I am more than willing to sell my shares to Glencore for $2 tomorrow ...