I have been banging on about this very issue for some time.
It seems inconceivable (and disappointing) to me that the market did not react with much more enthusiasm than it did once the Glencore announcement was made (especially in light of the current cash position of YTC, the robustness of the resources and its plans to aggressively develop both projects).
I have actually rung Rimas more than once to give him my view that the share price is being manipulated.
I know that a well known stock broking firm is ringing YTC shareholders (including me) asking whether I am prepared to sell - the question I have then is who is buying and is there a deliberate strategy behind this?
Perhaps Glencore was the buyer....?
Now don't get me wrong. I think in the end the true value of YTC will flow through to its share price. You just have to be patient and not be fooled (or tricked) into selling during an impatient moment.
YTC Price at posting:
45.0¢ Sentiment: None Disclosure: Held