TRY 0.00% 3.0¢ troy resources limited

@kojak78 how do you reconcile this line you just posted: "No...

  1. 1,065 Posts.
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    @kojak78 how do you reconcile this line you just posted: "No problem on the Troy front, finances are best since 2015" with the following balance sheet items:

    Cash and cash equivalents, 30 December 2020: $5,635,000
    Cash and cash equivalents, 30 June 2020: $4,910,000

    So they are $700K up from 6 months ago... yet burnt through a whopping $15,000,000 in capital raise in not time at all.

    Furthermore:

    Accumulated losses, 30 December 2020: (429,712)
    Accumulated losses, 30 June 2020: (412,056)


    Total Equity, 30 December 2020: ($3,257,000)
    Total Equity, 30 June 2020: $1,522,000

    (ie. Negative equity and a very real going concern!)

    I await your answer as to how the finances are "best since 2015"

    Last edited by Moosie_900: 01/03/21
 
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