Ann: Application for quotation of securities - TRY, page-9

Great news.
AIMSL taking a 30% stake, creditor taking paper shares also, BARRICK taking paper also.
If TRY paper was worthless they wouldnt have taken it would they!
Ruffer & BARRICK very quiet, what are they planning to do?

Around 2.2c but looks like it will relist next few weeks as the anns have flooded in.
They will have NO DEBT and a LOT of cash on book but burnt LTHs by this dilution and delay.

Clearly TRY paper is worth 2.2c to these new holders.
Smarts UG, those many open pit mines & that 1MTpa mill are the key to operational return.

With this cash they can restart production and the UG mine works.
If GP rockets over 2000 soon then may be great timing to relist.
May reopen lower and then a rebound. We shall see.