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kojak78

1,537 Posts.

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05/04/24

21:30

Post #: 73215165
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Originally posted by kojak78: ↑

https://www.stabroeknews.com/2023/10/29/news/guyana/troy-payment-proposal-was-shot-down-by-gra/

Shocking, I think when considering the deemed uncollectible VAT returns on top of the ones still in the balance sheet there might have been no royalties owed net, it was 6.8m US when not offsetting VAT returns and not the 26 bn figure.

Even more shocking, there was a deal to sell TRGI also sunk by the government by just giving no reply.

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July 2021: Troy owes US$ 6.85m in royalties. GRA owes Troy US$ 4.15m in VAT returns, straight from the balance sheet. Net US$ 2.7 and not 12m as the GoG is claiming now.

When the GoG demands payment but refused to pay what they owe, and blocks a deal selling the mine, what else remains but to declare bankruptcy?

TRY Price at posting: 3.0¢ Sentiment: None Disclosure: Held
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