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Bugwan64

761 Posts.

128

27/05/21

19:04

Post #: 53468763
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Originally posted by xmanrocks: ↑

I
I suppose with the extension to the $10m equivalent gold loan being secured the only unknown financial issue is how long those owed money under the $25m trade debt on the books remain supportive. The gold loan is secured against the companies assets so TRY don't have much in the way of security to offer anyone else.

Hard to believe TRY will get much support from banks to go underground mining as they had to extend the last Investec loan multiple times and eventually paid a large portion of that back via cap raises from investors pockets.
The more recent gold loan has already been extended twice.
According to the books the company already has more debt than assets.

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Agree. How will creditors get paid with no processing?

How long will they wait???

TRY Price at posting: 4.4¢ Sentiment: None Disclosure: Not Held
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