The more ounces the better. Barrick is unlikely to bid.
The plan could be like this:
- Omai Gold and Troy merge
- financing could happen via New Gold, part debt financing and part equity in new corporation
- 2.2 cents per share, roughly 850m Troy shares now = A$18.7m
- same price as recapitalization but leaving more upside to current shareholders due to Omai Gold's resources
- A$18m to be paid to creditors
- A$10m needed to finance Smarts u/g
- within first year A$25-30m in operating net cashflow
- after a year A$7m more to be paid to creditors
- A$45-50m in operating net cash flow thereafter
Could anyone resist this?
Acquisition will pay for itself within 2-3 years.
Plant for free.
Smarts u/g upside you mentioned (lower cut-off and we are talking about 150-200k ounces) for free.
Exploration potential for free.
Barrick joint venture for free where Omai or New Gold could end up with a 20% stake in an elephant without spending a single cent.
- Forums
- ASX - By Stock
- TRY
- Ann: Company Recapitalisation
Ann: Company Recapitalisation, page-64
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TRY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online