Lack of funds is an issue but try are in a better financial position than they have been in a while.
Think it's only about $5m left owing on the loan to investec, expect that will be paid off in a couple of weeks and with all hedging contracts now extinguished going forward try will more free cash flow.
Yes it's tight but OC is not going to cost that much to develop, need more drilling, finish the haul road and the ore is virtually on the surface.
I'd say the market is not convinced on OC being a big deposit, can't blame them as relatively little drilling has been done.
TRY Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
