Ann: Update on Sale of Barge-TYX.AX, page-2

Amazing what junior miners get away with - and no tough questions asked by investors.

The 1/2 Year accounts stated that the company had reached a BINDING agreement to sell the barge for US$2M. Now they simply state they have "at the request of the purchaser" agreed a lower value of US$1.375M.

AUD830K less (10% of the market cap). The agreement either wasn't binding in the first place or TYX did no DD on the buyer's ability to settle the US$2M and have out of desperation simply accepted the lower offer without a fight.

Keep an eye on the other assets on the balance sheet (Camp carried at AUD4.275M and Plant and Equipment carried at AUD760K). Very high probability that the actual market value is closer to zero and that TYX at some point would need to adjust their accounts accordingly.