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15:46
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Originally posted by OldSilver:
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Troy is in a hard spot at the moment. The ASX does not make it easy for companies to restructure when they get in a tight spot. If anyone throws them a lifeline they need to take it, as long as the company can be saved then holders have a chance to rebuild, and at least get something out of it. The project in Guyana looks worth trying to revive, but to cover debt and get mining again I think 20 million would be needed, that might be a big ask at the moment. I do believe they have an offer on it that would take on the debt, but not sure if there is anything in it for investors other than a clean slate to build on. Not what investors want, but better than being folded up. I was in Troy back in the early 2 thousands, when they had Sertao. Still, plenty of gold to be had there. The new owners have been drilling and it's looking good. I think they are a Canadian bunch, not listed as yet, but interesting to see what they turn up at Sertao for old times sake. VIDEO
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thanks OldSilver - reading the latest update from Pilar Gold it looks like they have a major discovery at Troy’s old Sertao mine of Bonanza proportions.
