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.
- Forums
- ASX - By Stock
- TRY
- Ann: June 2019 Quarter Production Results
Ann: June 2019 Quarter Production Results, page-57
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