I had shares in TRY when they sold Sandstone , the reason for...

I had shares in TRY when they sold Sandstone , the reason for selling was they had bought Casposo which they thought was a company maker and Sandstone was out of reserves and Two Hill a long way from potential development

I also took up my offer with MDI at .004 and am not selling, just waiting to put more money into the right issue .

They need a million tonne reserve of payable open pit ore to make a success here. Thats 10% of the inferred , its doable which is why i am holding on. They can also reactivate exploration in Africa on the back of this deal.

the story is everything at this point of the cycle. the market will like the story for two reasons:

-the Sandstone deal offers a reasonable chance of success long term

-the Reo project offers upside but they need a $1million exploration budget for this

They need to raise $5million to progress both projects with a $3million exploration budget over the next 18 months

lets call it 200million shares at 2.5c, takes the issued capital to 500million so without solid exploration success upside its limited at these prices. Its one for the LT holder like me , which of course is the only way you make serious money in the stock market.

if you buy now you use a stop loss