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Ann: Extension of Voluntary Suspension, page-24

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Bugwan64

777 Posts.

136

20/09/21

15:59

Post #: 56211687
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Originally posted by tomboy: ↑

We know they were doing more drilling, mining at several deposits and the plant was being wound down with gold loan extended to 2023 so NO DEBT currently due with $10M cash,inventories yet trade creditors taking shares not cash & Barrick taking shares also.

This is not a sign of TRY paper beinf worthless, on the contrary, its a sign more paper will issue.

The question is how much paper and what price and will BARRICK or ZIJIN take total control & it relist or just buy outright the whole project for $250M as the mill itself is worth $200M leaving TRY as a shell.

Maybe a sale & due diligence underway now.
Whether its sold or recapped, it has value well exceeding the last trading SP imho.

Just look at Zijin purchase last year for $333M for a mine same size and smaller mill with way lower grades.

$30M MC is peanuts compared to the sale value.

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$10m Cash/Inventory. Get you hand off it and stop the BS.

Go back to the last quarterly and tell the facts Tommy.

TRY Price at posting: 3.7¢ Sentiment: Sell Disclosure: Not Held
3 Upvote

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