I go with expectation theory, my expectations are very low so what ever happens I will not be disappointed.
Still if there was no hope the administrators/liquidators would have been called in by now, that sill might happen as I think the capital restructure only gave try enough money to stay afloat so that takes it to about September.
IMO TRY has value, there is a fully operational mill/mine site infrastructure and while the proven reserves only offers a few years LOM there is good potential to extend that. At the end of the day we wait and see if the existing substantial shareholders will continue to support try and if management can pull some thing off
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The future of Troy Resources, page-9
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