TRY 0.00% 3.0¢ troy resources limited

Ann: Extension of Entitlement Offer, page-11

  1. 60,675 Posts.
    lightbulb Created with Sketch. 727
    LOL does anyone read every word in the prospectus ?

    I don't know if it was stated in the prospectus in some shape or form but such is the speculative nature of this I presumed there was a possibility that I would lose my money completely. But I do feel the odds of a complete lose is lot better than buying a lotto ticket or 50/50 tongue.png

    As speculative as it is, try is not just an exploration company with nothing but tenements and hopes that drill will eventually prove up enough reserves to justify raising $100m plus to develop a mine.

    Makes all the difference that try has a fully operational processing plant in place, proven reserves in the Smarts underground for 2 years of production and a PEF that shows it is viable.

    IMO the majority of the risks involves proving up reserves to feed the mill beyond the 2 years, I am reasonably confident another 2 years of reserves can be proved up but beyond that I can only hope
 
watchlist Created with Sketch. Add TRY (ASX) to my watchlist

Currently unlisted public company.

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