Trio Resources Inc (TRII)

[DragonBear]

Well, I think this will be a good way

to confirm whatever Trio will become. If this deal with a real company is confirmable and if the jv takes place it will be hard do claim JDR is fake.

The key part is the jv. Which would mean there was revenue enough for TCK to want to "back-in". TCK has property they believe is played out. Not worth them holding onto, or pump more money into. They seem to have placed a value tag of $60K on the property. Along comes Duncan wanting to invest upwards of $1.5M in property TCK believes is only worth $60K. This is a win-win for TCK. Read the agreement. It doesn't matter if Duncan is able to develop anything of commercial interest to TCK or not. Either way TCK can't lose. Even when Duncan gets run out of the market by the SEC, there's no way for TCK to lose. So if you were the VP of TCK what would you say to someone offering to pump $1.5M into a property you believe is worth $60K? Where the up front cost to TCK is zero, with no risk to TCK.