Cap raising, hahaha the downrampers talked rubbish about a CR...

Cap raising, hahaha
the downrampers talked rubbish about a CR for the last 18 months and IT NEVER HAPPENED.

At the EGM, the holders voted against extra CR allowance.
Investec have a A$4M cash payment due when they exercise that 13c option tranche,
AGD is due to pay $1.5M cash for Casposo in Dec in coming weeks
TRY is making A$55M free cashflow pa on the last 9 months figures they announced.
Secured debt is at 4 year low of U$8.19M
production is strong 19k-20k ozpQ and net margins are at +U$390 per oz


Between 2002-2014, TRY was paying dividends from free cashflows
the share register is only 440M so not much & the last 18 months it has gotten tighter after those 2 weak holders got out low.

Last time they did a CR it was at 36c and 45c when it went on a 4 bagger runup from 20c to 80c in 2015-2016, Thats when RIM got in at 36c and now sold out for a large capital loss around 12c-16c.


Like last time, they can do one at 45c priced at 36c once again.
If it didnt happen in 2017 when they needed cash it wont happen now.
No need for any equity dilution at all with this strong cashflow & low debt, much lower than DRM and GUY who have 3-10 times larger market caps than TRY!

CR talk now is rubbish.
More rubbish now than at any time ever before.