Ann: Karouni Gold Mine, Guyana - Operational Update, page-57

I think it's unrealistic to expect the share price not to be affected, if only because some holders will need money for one thing or another and weren't able to trade for a while. There will also be nervous nellies who regard any setback as a reason to dump... that's the psychology of the market.

I expect a brief drop to around 0.085 intraday low when trading recommences, before bargain hunters move in and push it to somewhere around 0.095, followed by gradual recovery if the re-start goes without a hitch.

One possible more bullish scenario is that Troy manage to orchestrate some good news (simultaneous with the re-commencement of trading.) Whilst it isn't really kosher to do that, it's a victimless crime that I for one would cut them some slack on.

I think life of mine is a problem which will be overcome in the next 6 months through exploration. More pressing at current price of gold is to lower aisc, which has crept up far too high again. There is nowhere near enough safety margin between aisc and the current POG. Of course if the gold price keeps rising from here that won't be an issue, but even then the lower we can get aisc the bigger the profit margin per ounce.

In a nutshell Troy's future is still very tied to the unpredictable movements of the gold price, so we just have to hope that is up and not down. At least there is a good chance of it moving in our favour, as, to quote myself, 'trends always continue until they don't.' Ask any chartist.

Good luck all.