I'll preface my comments by saying I am positive about TTY's operations and prospects, and would like to see it succeed. However, if you read the MON thread, I don't hold the same view for MON. What is particularly concerning is the possibility of TTY to be further dragged into MON at a time when MON is struggling with production/costs and has a committment to purchase Mt Magnet by 30 June (date from memory). This includes the issuing of $20mill of shares to Harmony Gold (god know how long they will hold thier shares). With MON's SP sufferring and their recent and imminent captial raising issues, I just don't see this as a good move. Clearly I am only speculating about these moves by TTY - just don't want to see it damaged by MON's mess. If/when we get clarification from MK about TTY's direction, I'll consider TTY more seriously.
Good luck with your positions.
TTY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
