TRY 0.00% 3.0¢ troy resources limited

Major share restructure ?, page-3

  1. 60,358 Posts.
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    Speculation ?

    "im sure Barrick did their due diligence before buying 5%"

    Barrick paid $1.2m for 4.9% of try which is just under the threshold of substantial holder status, that is pocket change for Barrick and it was only for a earn in exploration JV on about 50% of mostly green field tenements so not sure if any due diligence was needed. But Barrick may have had more in mind at the time and the JV was a way to get a foot in the door.

    Barrick may well be doing due diligence now and as some one else suggested drilling few more holes.

    While I agree it maybe difficult for try to get new outside funding I would venture to say try maybe talking to other parties as a back up in case what Barrick offer/proposal is not the best deal.

    I have been speculating that Barrick is interested in try as a hole, we know Barrick are very interested in the Gianna shield and Kurouni has all the infrastructure already in place
 
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