I should say that I had a converstaion with Andrew Simpson...

I should say that I had a converstaion with Andrew Simpson yesterday, as I emailed the exact question about constant disclosure and my concern about juniors.

He, like everyone else, doesn't know where the spot price is going. It is up and down every week, last week it was and average $69, which was a bit of a recovery from the prior week. They are maintaining a fully sold position which is pretty good in this market and they will be able to lock in long term contracts next years, which is another tick. the big unknown is what price the contracts will be at. Currently they are at $100. In AS's words if they drop 20%, no problems, TTY will be ok, if it's 35%, then game over. And the issue is no-one knows for sure, so there is a real risk. The bummer is that TTY would have been ina great position without those toxic loans and ultimately that's what might prove the undoing

What finally decided it for me, was that TTY is a high cost producer at $60-$70 per tonne, compared to BHP at $11. So if they want to squeeze the little guys they can. I also felt that the small remaining amount I had left in, was better than nothing and could be redirected into a bluechip which are underpriced and have the best management available (I hope).

I sincerely hope that TTY thrives and comes through this, good luck to all.