The future of Troy Resources, page-38

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Justis

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25/07/23

13:50

Post #: 68969459
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Originally posted by kojak78: ↑

It is not all over with Troy.

We should not forget that someone will have to buy the assets out of Guyanese administration. With 2024 on the horizon the old mineral agreement regarding certain exemptions would have run out anyways and without import duty exemptions you just cannot build a mine in Guyana.

Also I wonder what the largest shareholders will do. AIMs has ca. 30% of shares outstanding. Exploservice half of that, Exploservice in Guyana might take a huge loss except if the government sees to the continuation of the mine, one way or the other.

In retrospect going into administration back in 2019 would have been the wise thing. Before that the Invested debt would have meant administration in Australia too. The difference between 2019 and now scenarios is that back then we had a much lower share count and more assets, tenements + royalties + tax assets. Even assuming 0 for resources, analyst estimate for Omai resources e.g. is $27/oz, would have left Troy shareholders with more than share price at least at face value, which of course you never get, back then.

Classic cigar butt stock outcome I think. If you issue shares below value you will destroy value. Too bad if you have to issue shares and sentiment and confidence stays negative for years, in the end that negative feedback destroyed the mine.

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Had to know what is going on, not even news in Guyana as far as I can tell.

Anyway, can't do much and will just have to wait and see.

TRY Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
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The future of Troy Resources, page-38

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