Replies to post #2923 on Trio Resources Inc (TRII)

[DragonBear]

Today's 10K proves TRII is a worthless.

$34 price target on silver for 2014 (current is $19.50 and dropping) is outrageous but necessary for TRII to break even if it ever begins to commercialize the above ground muck piles.

Actually the silver price for TRII to break even is undefined. Sort of like dividing by zero. Why? Because everything about this stock is undefined!

For example, it is claimed sales were $219K. Presumably that came from the now cancelled UC contract. How many tons of material at what average silver concentration was shipped to yield the $219K? Answer: Unknown. Duncan doesn't bother to tell his stockholders. How about telling the stockholders something any NYSE silver miner would tell its stockholders: Number of silver eq ounces produced, and ave price realized, including the margins. Surprise Duncan doesn't tell his stockholders. One doesn't get to know what that $219K represents. What is the cost for TRII to produce 1 oz of silver? Answer: Unknown.

Yep this is a real going concern with a loss of -$1.99M. Interesting was:

As at December 30, 2013, we had 41 stockholders of our common stock.

That's after including Duncan and a couple others. Remember this number when someone posts in the future the market is just flocking to TRII. And what are they buying? Another Duncan dream.

Given it's claimed Duncan is a phenomenal businessman of integrity and character, then it's time to file a complaint with the SEC. After all, it's time to save his reputation from itself. Tried to warn Duncan to be careful with that 10K, and he slipped up. He didn't think anyone would notice that ATM cash machine thingy. And shame on Duncan about the Mill equipment. The SEC might be interested.