higher red bar with 1c body no tail/wick with way lower volume...

higher red bar with 1c body no tail/wick with way lower volume than yesterday
That 16M volume yesterday at 14-11.5c was very large for TRY
The last rundown from August has been very light volume sometimes only 300k daily.
The volume on the runups have been heavier more than triple.
This is a classic accumulation strategy.

Who wouldnt want to pay $70M for $55M net cash annually& 1M-2Moz resources with no secured debt by March and cash at bank of $15M and a large working processing plant in a well known gold mining hub surrounded by high grade hits anywhere?!

Yes TRY is at risk of a TO the longer its SP languishes at 10 year lows
In 2016 it went from 20c to 80c with way lower grade drill results & the same production at the same costs than today.

I will vote no for the placement. No dilution is needed at all on these figures.
the last TO failed & RIM the bidder sold out for a ludicrous $6M capital loss.
The next bidder will fail too as someone has been accumulating shares cheaply from these sellers for a year now and most buyers bought in well over 20c-50c with the last CR at 36c & Investec are holding long.

If GUY was smart they would bid 20c now but wont get control imho, maybe around 40c they might.