IMO Troy should offer to buy back shares for a token amount, might be difficult due to accumulated deficit though.
News in Guyana. Omai Gold has a study out, 1.8m ozs, initial capital outlay 375m. It will get very interesting as the Karouni tenements are not owned by Troy Australia or Troy Guyana - only owner of the plant - but subsidiary companies that had been used as collateral in the past, e.g. to Investec and for the gold loan later on. By giving tenements belonging to these companies to local miners, i.e. expropriation, Guyana might have destroyed the trust in the Guyana legal system and the security of mining claims. My prediction is that Omai will find it very hard or impossible to get a bank loan to construct their mine.
TRY Price at posting:
3.0¢ Sentiment: None Disclosure: Held
