TRY 0.00% 3.0¢ troy resources limited

Ann: June 2019 Quarter Production Results, page-57

  1. 304 Posts.
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    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.

 
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