TTY territory resources limited

Chris there is another side of the coin that investors should...

  1. 853 Posts.
    Chris there is another side of the coin that investors should consider in response to your posting.
    1-Litle mine life selling into spot price, ie spot price falls below costs associated with mining the resource TTY collapses.
    2-There is the posibility of recieving no money from MON, Minjar thought to be the security is now known to not be the security as MK stuffed the deed of security and MON directors are now saying TTY has NO security over Minjar and Daveyhurst having sent at least 3 companies broke is worth nothing.
    3-TTy is not making money but losing millions per year as stated in annual report. No gaurantees it will make moneyy this year.
    4-Experience leadership that let previous Chairman run the bank account into the ground while blind freddy saw it was not sustainable.
    These are ASX facts and not wishful thinking as some shareholders expect TTY to fly to previous highs or at best recover lost ground in a toatally diferent market conditions.
 
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