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3.0¢ troy resources limited

Once upon a time this was a profitable business, not so much a...

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Maverick1986

144 Posts.

37

16/06/23

15:13

Post #: 68327008
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Originally posted by Justis: ↑

From what I read in the announcement management don't expect much from Brazil
"The amount TRY may receive from the transaction is not certain as the transaction will most likelycrystallise tax liabilities owed to the Brazil government."

I am curious as to what will happen to the tenements and mill, would presume they would be sold off and going by the announcement try will get nothing from it.

Also have to wonder if try just allowed the Guyana company to go into administration as a way to get out of debts.

Also be interesting to see who buys the Kurouni assets, would try be able to or want to buy it.

Them's the breaks, feel sorry for those that have lost more than they could afford to lose. It's a reminder that when it comes to speculative stocks, don't invest money you are not prepared to lose

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Once upon a time this was a profitable business, not so much a speccie stock. It was literally run to the ground by inept management. Hope the fathers of Troy's downfall has a hard long look at themselves - who in their right mind acquires a mine in the middle of a jungle in a country with a very limited mining history. Recipe for disaster as we've now seen.
5 Upvote

0 Great analysis

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