IMO it was good that the announcement provided information in...

IMO it was good that the announcement provided information in addition to the extension of the loan repayment schedule, while not stating the obvious that the CR failed.

It shows that a lot of progress has been made and that the extension to the loan repayment schedule will help keep up the momentum. I am thinking that TRY could have made that final payment but would then be strapped for cash to move ahead with the Smarts 3 cut back and OC. That would have added 6-12 months what they will be able to do in the next 3-6 months

Dare say it helps investec as well, they have a heap of options at 13.5 cents and IMO try are close to the cusp of SP surge if OC starts proving up as indicated to date