TRY 0.00% 3.0¢ troy resources limited

somewhat shocked, page-5

  1. 569 Posts.
    Septa, I don't really think that's a fair comment.

    Troy was trading at $5 in 2012 and Azimuth was trading at 94cents, if we did the takeover then, we would have had to give Azimuth shareholders a higher percentage of the company.

    I don't know much about Azimuth but the mine grade and resource look good to me at first glance, also Troy should be able to move equipment from Andorinhas to the Omai Projects once mining is complete at Andorinhas, this should coincide well and significantly reduce capex spend to get the new mine into operation.

    Seems like a good fit to me though, will need to do more homework.

    As for the divi, pretty sure they can keep paying 10 cents even with the dilution, so I wouldn't be to worried about that.
 
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