We know they were doing more drilling, mining at several...

We know they were doing more drilling, mining at several deposits and the plant was being wound down with gold loan extended to 2023 so NO DEBT currently due with $10M cash,inventories yet trade creditors taking shares not cash & Barrick taking shares also.

This is not a sign of TRY paper beinf worthless, on the contrary, its a sign more paper will issue.

The question is how much paper and what price and will BARRICK or ZIJIN take total control & it relist or just buy outright the whole project for $250M as the mill itself is worth $200M leaving TRY as a shell.

Maybe a sale & due diligence underway now.
Whether its sold or recapped, it has value well exceeding the last trading SP imho.

Just look at Zijin purchase last year for $333M for a mine same size and smaller mill with way lower grades.

$30M MC is peanuts compared to the sale value.