TRY (ASX) Ann: Voluntary Suspension

Originally posted by triage ↑

Originally posted by Bugwan64
Yep!

Looks like the instos are harder to impress than shareholders at the AGM.

Unless they get some incredible drill results soon I think TRY is in trouble.

The gun has misfired and there isn't even a CR cash bullet.

Where to now Sammy?
"Unless they get some incredible drill results soon I think TRY is in trouble."

With comments like that you are as bad as samboy. Are you saying that Troy's liquidity issues are coming to a head? If so how will "incredible drill results" help that imminent crisis? The drill results from Ohio Creek appear solid but whether Ohio Creek has a deposit of 500k oz at 18g/t or 125k oz at 4g /t it will take the company some months to start getting revenue from Ohio Creek. Thus apparently the need for them to raise $5m now to bridge that gap.

I have no idea whether Troy is having trouble attracting bids at 10.5 cents for $5m but your comment does not address that matter and in itself makes no sense.

Expand

@triage

Sorry for the late reply. Your comments are valid (except bad as Samboy).

The current operations have only repaid Investec as required, and reduced some of the creditors.

The $50m FCF doesn't seem to exist and now the operations can't even repay Investec when due.

My point was that if there is no big discovery then the ore will run out and there will be stuff all for shareholders.

Our existing high net worth individual with many tounges (bull s..t being one of them) probably didn't contribute to the paltry CR despite his/her rave reviews on this site, as they only raised $2.5m.

Are liquidity issues coming to a head? I would lean to yes.

Would drill results help? I would say it would yes, so as to get shareholders interested in the SPP because the CR was underwhelming.

In conclusion:

1) Current operations may pay off debt & Creditors.

2) Exploration will pay off for shareholders if successful.

3) They need cash to achieve this (but so far not too successful).

4) They just need $ to survive, as the reduced production and wall fix is soaking up all they have.

Just my opinion, but as Timesystem (what a nuffer) says, I have no idea!

Current holders...

Sell @11c & buy the SPP @ 10.5c. Your company needs you... & your cash.