CAI is all about gold too. From that pov Troy would make more sense as they have a corporate shell with lots of carried losses and minor exposure to non-gold ore. Plus the Beazley connection. While both moves would seem strange I think the listed explorer should either be in trading halt (=CAI or TRY) or not ASX-listed.
TRY Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held