Australia's largest stock trading and investment forum Australia's #1 stock forum

TRY

Click for more information

0.00%

3.0¢ troy resources limited

Agree. How will creditors get paid with no processing?How long...

First 199 Last

Share
Profile

Follow
Bugwan64

767 Posts.

132

27/05/21

19:04

Post #: 53468763
Share

Originally posted by xmanrocks: ↑

I
I suppose with the extension to the $10m equivalent gold loan being secured the only unknown financial issue is how long those owed money under the $25m trade debt on the books remain supportive. The gold loan is secured against the companies assets so TRY don't have much in the way of security to offer anyone else.

Hard to believe TRY will get much support from banks to go underground mining as they had to extend the last Investec loan multiple times and eventually paid a large portion of that back via cap raises from investors pockets.
The more recent gold loan has already been extended twice.
According to the books the company already has more debt than assets.

Expand

Agree. How will creditors get paid with no processing?

How long will they wait???

TRY Price at posting: 4.4¢ Sentiment: None Disclosure: Not Held
2 Upvote

1 Great analysis

Reply

Top Stories

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

PGD

Peregrine extends high-grade gold shoot, sniffs anomalism at WA's Tin Can

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

IBG

Ironbark eyes lithium and niobium opportunities with 7 new Brazilian projects

PXX

Polarx discovers thick sulphide mineralisation at Alaskan Cu project

First 199 Last

Add TRY (ASX) to my watchlist