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meric

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42

06/04/18

14:48

Post #: 32275006
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Originally posted by observing ↑

From a mid term perspective it may be that 2018 calendar year for TRY is just meeting it's Investec debt obligations, in full preferably, supporting some drilling and exploration and paying minor trade creditor debt . Any short term share price fluctuations are irrelevant from any perspective beyond this. 2019, permitting, a reconsideration toward a new debt facility may be an option for TRY on more favourable terms so at least that may prevent any dilution if 2018 goes well, drilling considered. 2018 has only 3 targets to meet, currently pending the litmus test, and it seems by management reports of late that the resources and potential to get to 2019 in relatively intact shape may be a possibility. 2019 will surely require additional funding to reach any of the drill targets/resource identified to date & during the 2018 year so some sort of capital will be essential given the trade debt position moving forward. Another more outlandish perspective may be that the debt facility would not be required. Just imagine that - 2019 unhedged. Fingies crossed Go the Gold Price

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40000 ounces are hedged this year. Any production beyond this is unhedged.

TRY Price at posting: 8.6¢ Sentiment: Hold Disclosure: Held
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