TRY 0.00% 3.0¢ troy resources limited

IMHO he bought them because he is going to pay for 19% or 10%...

  1. 189 Posts.
    IMHO
    he bought them because he is going to pay for 19% or 10% for Casporo project, as indicated (from Sydney`s post) in:

    Transaction overview
    The Company and Troy entered into an Implementation Deed whereby the Company:
    • will immediately acquire a 51% economic interest in Casposo for US$1 million;
    • will be entitled to acquire a further 19% economic interest in Casposo for US$1 million paid within 12 months;
    • has options to acquire the remaining 30% as follows:
      • 10% for US$1,500,000 in 3 years;
      • 10% for US$2,500,000 in 4 years; and
      • 10% for US$3,000,000 in 5 years.
    He accumulated 22million between 10c and 7c. SP moved two days ago  on news about interest change and it will move up again after transaction.  He is paying for Casporo to TRY in which he has shares  i.e. he is paying to himself.

    This scenario may repeat and repeat again: accumulation, change interest, SP going up, transaction,  SP up again and so on.
    He will get 15%-20% interest in TRY till last transaction done.  At the end the first parcels of shares will be free of charge for him.
    If he will decide to take over TRY it may happen after all transactions done for Casporo.

    IT`s worth to wait the last transaction.

    Just opinion.
 
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