Hi Guys My first TRY Post Sorry for the negative energy but..... If you check the Dec. 2018 Half yearly report: Major insolvency concerns raised. Its great that TRY's debt is 1 payment away from being cleared but....... (That word again) Creditors currently owed 35 Million! The majority of this is owed to the Guyanan Gov. I have learnt hard lessons in the past investing overseas. You do not have the protection of Australian Coporate Law. Risk V Reward The share price is at $0.09 for a reason. A Director recently (June) selling large parcels of shares is also not a good look. TRY is a huge gamble as things stand. Last Quarter production numbers have not been met We will soon see an increase in costs to go with these poor production numbers. AISC - $1450? Lose, Lose. TRY is currently a very risky investment due to being at the mercy of creditors which will become apparent soon. Only invest what you can afford to lose is my tip. Promising Drilling Results / Gold Reserves; Yet to be confirmed is the only positive I can see moving forward. Investing should not be a gamble Verdict - I'm willing to gamble and risk 15% of my portfolio when the share price hits $0.085 which I think it soon will. Huge Upside potential if Blue Sky delivers. Conformation of +2Moz LOM is what is needed.
TRY Price at posting:
9.6¢ Sentiment: Buy Disclosure: Not Held