I will be supporting the motions for recapitalisation of the company.
The 2.2 cents reinvestment price is a bitter pill to swallow, but there are no other acceptable alternatives.
An enormous amount of work must have been done by the directors to bring all these parties together to help save the company.
Personally I appreciate their efforts.
On the other hand I think how embarrassing for a company with TRY's past history to have to run around with the begging bowl.
How did they ever allow it to come to this.
Mistake after mistake and then the ultimate destruction of shareholder value that has been achieved under their watch.
Mining is a risky business and excessive borrowing in these circumstances is unwise.
With regards to the rights issue I will be adopting a wait and see strategy.
I will be supporting the motions for recapitalisation of the...
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