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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