TRY troy resources limited

Ann: Amendment to Investec Loan Repayment Schedule, page-5

  1. 63,616 Posts.
    lightbulb Created with Sketch. 731
    Yes and No

    I'd say they could meet the repayments, maybe only just but that would put exploration on hold and as mentioned

    “The revised repayment schedule will allow Troy to allocate additional funds to the exploration effort in Guyana, with the dual objectives being to convert the large quantity of Mineral Resources* (currently over 900,000 ounces) to mineable Reserves and explore the Company’s highly prospective land position.

    If try can convert half of the mineral resources to mineable reserves that would extend LOM nearly 6 years on the current production rate.

    IMO this is the stuff the market wants to see, obviously Investec has a vested interest and I would say see this as serving their best interests
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.