sinking ship, page-3

Eg.announced to market 13/11/08
CEO ACQUIRES ADDITIONAL SHARES
PERTH, Western Australia: Troy Resources NL (“Troy”) (TSX: TRY, ASX: TRY)
Troy Resources’ CEO, Mr Paul Benson acquired an additional 60,000 Troy shares as an “on market” purchase yesterday.
Commenting Paul Benson said, “This is simply a reflection of the fact that in my opinion Troy is trading at a significant discount and offers extraordinary value. Troy currently has approximately 80 cents per share cash, thus at these levels you are essentially getting the Andorinhas gold mine, the Sandstone gold operation, the Andorinhas iron ore reserve and the Cobar gold processing plant (currently in storage) - all at no cost.”
“At the moment equity prices are reflecting the fact that there are simply more sellers than buyers. Unfortunately some people are in the position where they are forced to liquidate their investments. Eventually however, share prices will reflect underlying valuations. Troy is trading below cash backing and with operating gold mines, no debt and no hedging, I am happy to put my money where my mouth is”
For further
CEO ACQUIRES ADDITIONAL SHARES
PERTH, Western Australia: Troy Resources NL (“Troy”) (TSX: TRY, ASX: TRY)
Troy Resources’ CEO, Mr Paul Benson acquired an additional 60,000 Troy shares as an “on market” purchase yesterday.
Commenting Paul Benson said, “This is simply a reflection of the fact that in my opinion Troy is trading at a significant discount and offers extraordinary value. Troy currently has approximately 80 cents per share cash, thus at these levels you are essentially getting the Andorinhas gold mine, the Sandstone gold operation, the Andorinhas iron ore reserve and the Cobar gold processing plant (currently in storage) - all at no cost.”
“At the moment equity prices are reflecting the fact that there are simply more sellers than buyers. Unfortunately some people are in the position where they are forced to liquidate their investments. Eventually however, share prices will reflect underlying valuations. Troy is trading below cash backing and with operating gold mines, no debt and no hedging, I am happy to put my money where my mouth is”
For further