Ann: Details of Share Placement, page-5

If there were any lingering doubts about Troy's ongoing viability, this $7.5m placement should dispel them.

Troy is cashed up, investec debt all but gone, production infrastructure in place, 4 drills soon to be active, and a large landholding in proven gold-laden territory. And a new, well-credentialed cornerstone investor.

A re-rating is just a matter of time imo.