TRY 0.00% 3.0¢ troy resources limited

Guyana Super Pit Discovery, page-156

  1. 2,060 Posts.
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    Yes at the AGM Ken stated that the Govt owes TRY a U$3M VAT GST tax refund and they were negotiating this repayment.

    Implied that the Govt wants to "negotiate" in return for the funds to see TRY spend this on something worthwhile long term ie expansion, go U/G, employ more locals, more drilling which will happen next year.

    They also have the Casposo instalment of U$1.5M cash from AGD due in December (soon).

    Balance sheet is building cash and reducing debt fast
    On my maths, FCF is A$50Mpa at the rate of the last 3 quarterlies.

    If you add higher grade ore from Tallman to the mill, then
    KABBOOOOMM!
    production spikes from 80k ozpa to 180k ozpa and AISC are slashed from U$824 peroz to U$450 peroz.
    Market hasnt done the maths yet but sooner or later they will.

    Volume is very low daily and any large buyer will have to run it up way higher.

    TRY will be GREAT AGAIN!
 
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