Ann: Quarterly Activities Report - September 2015 (Relodge), page-23

I must admit, its really hard to put all the part together. As Casposo is a drain, their Brazilian plant was going to be sold... but in all honesty, with the U.S POG falling, I am going to guess that the cap raising the buyer is trying to undertake will fail. Thats a further couple of million that they might not get.

The one area where TRY might surprise is Karouni, as already mentioned, might start producing a decent amount of gold compared to their graphs which show 2-3k ounces per month for the first couple of months.

I guess I am just surprised that TRYs SP has held up so well considering the risks and issues it has on its plate. One other thing that could occur, is a bit of corporate action, not being lead by TRY, but perhaps a merger with BDR... just a guess, but it would save the 2 companies perhaps $5 million a year just in admin.

I guess many retail holders wait for commissioning to finish in the hope it will be a major catalyst, but IMHO, it never seems to be quite as big a deal as say, showing they are cash flow positive etc. I hope everything I say is proven wrong, as shareholders have been through hell and back.