If I was Barrick or Zijin I would - - try to keep TRY listed -...

If I was Barrick or Zijin I would -

- try to keep TRY listed
- keep the existing staff, mill and mine running
- start up the smarts UG asap
- recapitalise it & take 51% control stake for $30M cash
- put in own directors & CEO

This would keep the operation intact rather than stop start and capex of $100M finding new staff etc or buying it for $100M at 12c & having to restart with more capex etc and would make me a fortune on the relisted shares.

recap and relisting would be $100M cheaper than a full t/o and would make me $100M richer on the share increase value alone, so in fact I would make a $30M profit with no input at all & have full control of it all instead of a $130M cost & downtime/restart.

I would then ramp production of smarts UG and drill the heck all around.
it could become a $1B hub at that rate.