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3.0¢ troy resources limited

TROY Brazil, page-11

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Jack73

1,279 Posts.

28/08/15

08:36

Post #: 15890910
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Originally posted by Justis ↑

Yeah, current CEO make work a bit different to Benson but we have essentially the same board of Directors who makes those sort of decisions.

TRY are always telling us they are looking for the next opportunity and it seems they have a particular criteria, maybe this one doesn't quite stack up.

I actually speculated TRY may have used this mining equipment to do a deal with Cleveland Mining who have a mine in Brazil and was in need of larger scale plant but has little in cash reserves, MC of $10m. Cleveland offices are next door to TRY.

Of course TRY would be looking at all sorts of opportunities, this deal may be just a convenient one at this point in time that allows TRY to wrap and exit from that mine. Not sure if there is environmental bonds being held but I expect there is so clearing out ASAP would be a motive.

Still we have not got an announcement from TRY, when we do the will explain the logic behind it

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Whoa there, steady as she goes boys & girls. Let's just relax, bring it back a couple of gears and wait until we hear from the company first. No point in speculating wildly until we know the facts. Big changes happening for the company at the present time...

TRY Price at posting: 28.0¢ Sentiment: Buy Disclosure: Not Held
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