WIshing is the wrong approach. Troy has a very good asset with...

WIshing is the wrong approach. Troy has a very good asset with OC, and an asset that will enable so much more. So we are in a good position once OC gets online. There might be arguing wether current BOD remuneration is too high, everyone will have his own opinion and I am not going to argue. But let's not forget OC was brought to the table by Ken and took years of preparation and maintaining relations with locals.

As shareholders we are the only ones to look after our own interests. And that should be the basis to evaluate proposals by other shareholders.

RAMcap's idea of issuing a CN is a good one, eliminates lots of risk.

However, RAMcap only recently bought shares and so did not suffer devastating losses as so many of us have.

They do not have 5% of shares yet want to make proposals by using other shareholders stakes.

They are interested in purchasing most if not all of the CN. That means their interest is NOT aligned with other shareholders. The CN means in the case of a good outcome for shareholders they'll just join the party. In the case of calamity they have no risk as they are creditors.

If they take control of the board they have incentive to steer the company in the wrong direction as with most of the Investec debt gone and the trade debt being situated at a subsidiary they would take economic control of Troy with little left to shareholders.

Be warned that whatever is done we must prevent any creditor from taking or controlling a single seat on the board.

If you want to support RAMcap's proposals despite that warning: at least make sure you get a fair deal. Every shareholder supporting RAMcap has to get the same possibility to participate in the CN issue on a pro-rata basis.
On top of that it has to be provided that RAMcap will control less than 50% of the CN. Else smaller stakes may not have much value ultimately.

Whatever you do as a shareholder, consider your own interests first.