https://demerarawaves.com/2023/11/14/small-miners-allocated-claims-in-former-troy-resources-concession-to-boost-gold-declaration-shortfall/
TRGI was owner of the mining license and of course that license is gone as TRGI is in default. However, the mineral agreement was between 3 parties, the Pharsalus companies - owner of the prospecting licenses, i.e. tenements, TRGI and GoG.
Just happens to be that the Pharsalus companies are now available to Troy Australia, before the capital raise they were used as collateral.
It seems Guyana just crashed their tenement system by effectively expropriating Pharsalus. You cannot own tenements free and clear. Which bank is going to lend on Guyanese mining projects now?
https://demerarawaves.com/2023/11/14/small-miners-allocated-claim...
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)