Ann: Trading Halt, page-32

Your sig line says it all

"The risk is, that unless they find some additional cash, the company could go under."

To pull out now is realising a loss when it's just as possible that try have things under control and the SP will recover. The way I see it the mine is worth a lot more than the Market cap and I would rate the chances of the company going under very unlikely. $21.5 Million in liquid assets ATM.

"My read on the halt? massive board change out because no one will raise capital for them with the status quo."

We can add that to the possibilities, Along with.
John Jones taking over the company
A management buy out
Major Share holder stepping in.
A group of major share holder stepping in
Paul Benson coming back
Director retiring
New Chairman being appointed.

No I need to think up some more?

Then there is the question of if it will be positive or negative, is the trading halt to stop investors bailing out ahead of the announcement or investors jumping in?

It's all speculative but at the end of the day I still believe the out look for TRY as more upside than down side. Of course I could be wrong but hey who calls it correctly all the time.?