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addendum: who owns Karouni?To my understanding Troy remains the...

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kojak78

1,538 Posts.

1134

15/06/23

20:39

Post #: 68311785
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Originally posted by kojak78: ↑

Sad thing is we could be in the exact same situation with 1/3 the shares in issue. And if Troy had avoided some transactions where they got peanuts for seemingly low value assets there could still be a royalty on the Sandstone properties and interest in Casposo.
While the Alto Metals part of the royalty is gone I am not so sure on the tenements where the mill is located.
Not much left, main value (very questionable if extractable) should be the tax deductible $120m in carried losses + the iron ore royalty.

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addendum: who owns Karouni?
To my understanding Troy remains the owner of the Karouni tenements.
TRGI - now in administration - is owner of the plant.
The tenements are owned via the Pharsalus companies / Cayman Islands. Used as collateral for the AIMS loan. But that loan is gone after the recapitalization, so reverted back to Troy Australia.

TRY Price at posting: 3.0¢ Sentiment: None Disclosure: Held
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