TRY 0.00% 3.0¢ troy resources limited

beautifully positioned ... , page-7

  1. 24,765 Posts.
    Let's also not forget that TRY have a gold processing plant ready to joint venture into a suitable project PLUS are cashed up looking for a suitable acquisition/merger at a time of very depressed share prices for juniors.

    Speculating here, but it is based on what was released in TRY's June quarterly.

    TRY could imo acquire a junior with say a million ounces plus gold and quickly bring the project into production with their own cash, whereas the junior might be wondering where they can go to move forward raising the funds needed without massive dilution because of a crazily depressed share price.

    The result would be shareholders of both companies would prosper in a merger and come out much bigger and better - because TRY's share price is also crazily depressed at the present time.

    But TRY, thankfully, are nicely cashed up from memory to the tune of about 90 cents a share. (Currently trading at just $1.51!! lol)
 
watchlist Created with Sketch. Add TRY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.