this post has to take the grand cheerleaders prize.
How on earth could the take over of Azimuth still be considered a good idea......TRY SP at the time was $2.50 with a market cap of over $200 and they paid the equivalent of $190m for Azimuth.
Since then TRY have raised over $100m, created massive dilution and the company is currently worth $60m.
Reality is the Azimuth purchase has been a disaster for TRY SHers.
Ann: Karouni Gold Mine, Guyana - Operational Update, page-51
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