re: Ann: Appendix 3Y - Change of Director'...
Although not previously concerned by El Oro selling todays notice of El Oro and Parish ceasing to be a substantial holder is a concern to me.
It could mean that he is starting the long process of unwinding which will place long term downward pressure on the price - if Parish ceases to be a director I will be very concerned, because then he won't have to make his selling public - at this stage I am just watching it closely
Alternatively it could mean that TRY has some big project in the pipeline and Parish is selling down in readiness for a rights issue or the like - this would be longer term likely positive, but shorter term put significant pressure on the price I would expect.
any thoughts?
TRY Price at posting:
$4.30 Sentiment: Hold Disclosure: Held
