"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
TRY Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
