YTC 0.00% 23.0¢ ytc resources limited

ytc is showing strength, page-10

  1. 147 Posts.
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    Ahhh 'Speculative' mining shares! I am and have always been a strong supporter of YTC and continue to believe they could be destined for great success. Unfortunately as I had stated before the global economy is in a world of pain and the problems in the US and the Eurozone are far more deep seeded that a lot of us would like to believe. Once all the patch work repairs and bailouts end and the supporting countries have run out of money, patience and default on re-payments become apparent, this Euro crisis will have an effect on China and Australia and in particular speculative resource companies like YTC that are not producing any revenue yet. As I have also said before, YTC in the low 40's is not a bad buy, throw them in the top draw for a few years and then have another look, but IMHO if you buy now (it might be me being over conservative) expect the share price to drop in the next 6 months. If you don't need the money that you have invested for a few years then all is good! YTC is very promising in a good economy but the SP will potentially suffer during the tough times ahead for the global economy. Good luck and I hope that I am wrong about the future of the world economy and the effect it may have on YTC.
 
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