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Justis

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05/05/23

11:15

Post #: 67623466
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Originally posted by hotmix: ↑

I’m a long standing Troy resources shareholder from way back in the azimuth takeover days.
Always being positive about the future of the company.
I’ve been ringing the office a number of times over the last three weeks to ask a few questions regarding the future of our company.
The receptionist advised me each time that no one was available to talk to, she will take my details and someone will return my call.
No one has.
I drove down to Troys office today at 45 Ventnor Avenue, West Perth today.
A shared office building with three receptionists.
I was told by the receptionist that no one from Troy is in today and cannot tell me when anyone will be in attendance.
She invited me to leave my details and someone will get back to me. I explained that I’ve left many messages to no avail which is disappointing considering I’ve invested nearly one million dollars in Troy.
She asked me what my query was. My response was to enquire about the future of Troy.
I found out that very rarely is anyone in Troys office
I have decided to ask my questions here and maybe a director will respond as I have had no luck talking over the phone or seeing anyone face to face.
Since updates on the future of Troy Resources are as rare as hens teeth and the suspension from trade is nearing two years…. Is there any intention to restart mining in Guyana?
Is there any intention to re-list on the ASX?
Is there any intention to sell the company to Barrick or similar company?
How long does it take to file the required returns to the ASX?
Is the company lost without Ken?
Will I see any of my near one million dollar investment in Troy ever again?
Now I know some of the questions cannot be answered unless the information is announced publicly but I was hoping to get an idea if there is any future?
Fingers crossed we get some response!

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Thanks for posting that

Yeah it's disappointing that you were not able to get answers to any of your questions, mind you the answers would be ones that would be announced publicly.

Is no news good news ? While there is no announcement that administrators/liquidators have been appointed suggest work is ongoing to find a solution. That being the case management would not be in a position to say much

Originally posted by kojak78: ↑

Sven Tegeler and Michael Rodrigues might be names to search for.

Latest news I have is from end of 22.

"He stated that under the leadership of new Opera-tions Manager, Michael Rodrigues, they are working to install high level improvements around the plant and operations. From the corporate side of the business, re-capitalisation is complete but work is ongoing to acquire other financial instruments. Tegeler said that they are seeking a capital investment of US$10M. Also, there is a collaborative project with several agencies to return Troy Resources to the Australian Securities Exchange (ASX), Tegeler said."

https://www.stabroeknews.com/2022/11/28/news/guyana/troy-resources-targets-4th-quarter-of-2023-to-resume-mining/

Probably a lot of work out of country and financing is somewhat hard it seems.

I was quite surprised some guys over here were ready for another round of financing. Selling the unallocated shares from last re-capitalization at the same price or doing something completely different, not involving common stock issuance, are the only ways forward.

I also wonder about the stakeholders. 20m in debt retired. Trade debt might actually just have been royalties owed, wonder if they are interested in getting the project running, especially when the "debt"/refunds they owe to Troy seems to not have been settled.

And forget Barrick. They never even tried, all they did is a better form of scout drilling, you cannot expect to find elephants when you do not step up exploration beyond the scope of a junior.

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Thanks for that

TRY Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
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