Last chance at 15c?, page-8

dan-sh posted -
Date:29/06/18 Time:08:20:57 Post #:34027230

Troy Resources considering exploring other projects

https://guyanatimesgy.com/troy-resources-considering-exploring-other-projects/

"We are continually looking to see if there are any other projects in Guyana that we could actually get involved in,” he told the Minister and his team. However, he stressed that this can only happen at the end of the year when the company is in a better position to “free up more money...the Minister told DPI continuing that the Government is “prepared to sit and work with them to look for new areas for mining.”


Looks like TRY BOD are way ahead of us all, Government support, pursuing other areas of production, pursuing continually other projects in Guyana with Government to help set up new mining areas!

Once the debt is paid off by 31 December and the cash bullet of U$11M -$20M is here, then they will have loads of cashflow bullets to buy and build with with government rubber stamps affixed.
It looks like there will be a major acquisition nearby and expansion of mine/mill on the cards using all that spare cash.

We will find out soon whether the cash will be U$11M or U$20M and how much the stockpile sales have slashed the AISC and boosted the production figures and cashflows.

If my maths is right (I have 20% underestimated the last 2 Qs), they should have U$20M cash and no debt by 31 December and are net secured debt free right now (16-17/20)
ie secured debt (was U16.19M) exceeds cash at bank and bullion on hand (was U$9.6M)

TRY is the new SBM.
TRY will FLY.