Ann: Company Recapitalisation, page-33

Good post for the wrong thread? I cannot see where the 68m are referring to.

Thinking of Troy it certainly feels as if Troy had been the only stock still stuck in reality and its demands over the past few years. Everywhere else billions and trillions have been showered on capital markets with every laughable story being able to get financed.

And I think it is now so far advanced that there is no way to save out monetary systems. All our young ones have been trained as super socialists due to the financial madness going on and after them receiving the short end of the stick. NFTs anyone? This will end badly. Very badly.

As for Troy: even dropping the 2 g/t cut-off and the likely 15 g/t top-cut (they never published that information) and applying a more reasonable 1.5 g/t cut-off would bring Smarts u/g very close to 200k ounces.

With the 89k figure already having US$47 net cashflow and significant tax-value of carried losses (A$30m, gross figure >A$100m) and considering 812m shares at 2.2c = A$18m and A$26m in current asset - total liabilities, plus the Barrick JV upside, it would be madness for someone sooner or later needing a trucking fleet and a treatment plant for a triple digit million figure in replacement value, not a make a bid.

A win - win (and win?) situation? We will see.