Ann: Appendix 4E - Preliminary Final Report - 30 June 2016-TRY.AX, page-17

kojack, not sure if Karouni was too expensive and the time, more like the timing was bad in hind sight as all gold stocks suffered badly for quite some time after that due to a falling GP

Casposo was originally going to finance Karouni, I doubt any one could have predicted at the time how bad inflation was going to get in Argentina and with the falling GP it was a double wammy. More like bad luck than just mistakes.

Know what if TRY had not acquired Karouni when the did, maybe they could have got it cheaper or not at all. Maybe some other opportunity could have come up?

Lot's of if's and maybe's but the acquisition was made and too TRY's credit they got Karouni developed in a pretty quick time frame under difficalt circumstances.

Brazil is all but done and dusted, mean while Casposo is no longer a liabilty, income is expected and increace in value.

So before people criticise Try management consider the difficulties they have faced and do tell what would you have done in there position without the benefit of hind sight