I think the compang has done an excellent job of avoiding another capital raise since 2016. In my view, it would be a complete surprise to see one coming up in the future given all the trouble they have gone to in scraping through these tough 2 years.
The revision of the debt payments is a welcome relief. The company can direct some funds to exploration and the risk of them going into default has dropped dramatically. Investec will be happy as well. Additional interest payments and they saved a cool $1.3M in the price of their options.
TRY Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held