If the two companies had any sense they would simply merge. TRY are proven at exactly this sort of development. Move a mine, develop the underground access then mine it. Seems like a great bolt on addition to TRY yet instead, TRY are selling it to them, except for the minor detail that they don't have any more to pay for it yet.
Seems like a very low risk addition, which surely would be better than TRY attempting another Azimuth deal.... The capex might only be US $30 million. Very doable.
TRY Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held