TRY 0.00% 3.0¢ troy resources limited

Ann: Extension of Voluntary Suspension, page-138

  1. 2,806 Posts.
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    'will they close the doors forever'
    if as has been suggested on this forum the parent company has the placement cash and the ASX listing and the subsidiary company in Guyana has the mining permit(s), the exploration tenements, the VAT receivable and the trade debtors then yes will they close the doors forever on the Guyana subsidiary.
    That is if the present Troy directors want to keep their overpaid jobs.
    Can the present TRY directors start again with a focus on Aussie gold exploration and mining?
    Maybe.
    Sadly, the biggest TRY asset must be the prospective benefit in the $350m of accumulated tax losses. And, what is the available cash in TRY presently?....running down daily to support the subsidiary. This cash bleed must stop now and yes bye, bye Ken Nilsson and your overpaid subordinates.
    Does the present board have the fortitude to grasp this nettle?. Probably not.
    So, Ruffer and M&G should start soon the hunt for a replacement board to do the only sane thing to keep this stricken company alive.
 
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