The agreement by both secured and unsecured creditors of the company to convert their debt to equity is clear evidence of the strong support the company has earned over the past 12 months b y undertaking a significant amount of work to stabilise the company’s financial position. Torian’s balance sheet is now significantly stronger than it has been for a number of years enabling us to focus our attention on securing a new project to enhance va lue for all shareholders.”
And I hope he is right!!
TNR Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held