Ann: Acquisition of Ohio Creek Prospect - Guyana, Amended, page-14

And you think the blocks they gave back or the massive east block arent in the sights of buyback at a cheaper rate now than before, now they are going to be cashed up with no secured debt next year with Investec begging them to take some debt or give them equity.

Investec is also a major shareholder & the only secured lender.

If TRY wants finance to say:-
- double the processing plant mill capacity throughput
- buy back east block or the old Omai mine even
- build the smarts 2 deeps high grade underground mine
- start production from the super high grade Tallman open pit & surrounds
- buy up the whole regional guyana shield area run from goldstar to Omai
- upgrade the crushing units & tailings dam
- double production

do you think Investec or any local bank will refuse them or offer poor terms on high rates considering TRYs good credit history & will soon pay off a U$100M loan in 3 years. I dont think so.

Investec would be nuts not to exercise those options at 18c and build a large equity position if they can no longer receive loan interest income.

Looks to me that TRY BOD are wisely targeting near mill high grade mines/pits and interconnecting blocks for acquisition now but next year with no secured debt and U$40M cash at bank TRY will move to a very different strategy IMHO:-
- more high grade drilling areas
- buying up all tenement gap areas and regional cheap ignored high grade deposits
- expanding smarts 3 even more
- upgrading the mill for larger capacity
- restarting mining at Tallman especially the known super high grade areas
- dividends
- share buybacks
- purchasing more super bulldozers
- boosting LOM, reserves and resources across all tenements
- finding those Omai super pits they are sitting on

TRY will FLY!