""Since its restructure was completed, the Company has been engaged in exploring a range of strategic options in order to maximise value for shareholders in the future. The Company’s position as an ASX listed entity with carefully conserved cash reserves as noted above, and no debt, means that it is well placed to move forward once an appropriate opportunity is identified. Indeed, from a working capital perspective, as at yesterday’s date the company has cash at bank of $866,940.
In the period after the global financial crisis, we found that very few such opportunities were available. With the more recent upturn in the market, corporate activity in areas of interest to Tyrian has been increasing, raising our confidence in concluding an arrangement of value to shareholders in the next period. In fact we now have a short list of such opportunities on which we are currently conducting Due Diligence. Tyrian continues to engage TC Corporate Pty Limited as advisers to work with the Board on this process. ""
CGA Price at posting:
0.1¢ Sentiment: None Disclosure: Held
