TRY 0.00% 3.0¢ troy resources limited

Ann: Trading Halt, page-10

  1. 208 Posts.
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    It may not be the end of the world.

    Doubtless Troy is pressed for cash, but when Barrick took up 10% it must have done its due diligence and known all about Troy's financial position.

    There are a number of possibilities
    • A cap raising is possible
    • a loan arrangement with Barrick
    • Barrick might increase its holding or takeover the company
    • Potaro could be sold.
    • an extension of the gold loan.

    Whatever it is, it's been a long time coming and there must be contingency plans in place.
 
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Currently unlisted public company.

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