Here we go again ...
"By 30 (sic) March they are expecting high grade ore to be flowing into the mill and boosting production looks like..."
in the recent corporate update where did they say that they are expecting high grade ore by 30 (sic) March? Actually I think you will find that they stated "For the period January to June 2019, gold production is estimated to be in the range of 30,000 to 32,000 ounces." which is in line with what is expected in the December 2018 quarter, and they advised that they expect to miss previous guidance for the year to 30 June 2019.
"... and then they will have no debt and loads of cash."
That is obviously patently clearly wrong and you have been corrected on this specific point by me and others repeatedly. Troy may well be clear of secured debt by 30 (sic) March 2019 but they will still be carrying a sheetload of unsecured trade creditors debt. So no, they will not have "loads" of net cash by the end of the next quarter unless something comes out of nowhere.
"The SPP was a knee jerk reaction to not getting the $5M from INSTOs at christmas " do you really think the management of Troy Resources are that feckless that they would attempt another cap raising from shareholders simply on some childish whim? Really? I don't think even you genuinely believe that tosh.
Troy management is delaying debt payments because the company is scrapping along the bottom, they attempted to raise funds days before Christmas because they are fighting hard to keep the ship afloat, and they are hitting up the shareholders again because they believe that if we all man the oars the company may just get through this liquidity issue and into clearer sailing.
Investors in Troy Resources are having an existential moment and the last thing any of us need is prank postings.
