Why Elsztain bought TRY shares?, page-4

What you are missing here is that the cash from 10% of Casposo is not enough and only payable in December 2018.

Austral still has options to acquire the remaining 30% as follows:

• 10% for US$1,500,000 in December 2018;
• 10% for US$2,500,000 in December 2019; and
• 10% for US$3,000,000 in December 2020.

The exercise price of each option is subject to adjustment if the price of silver is at US$16/oz Ag or greater.

Basically Austral would pay only for exploration potential as current LOM is basically over end of 2018.

Austral predicts $23m after tax cash flow until end of 2018, 30% of $23m is $7m.

If Troy allowed Austral to buy sooner the 30% should be worth something like $14m. Then again I am not sure if Austral could just keep the operational profit within Casposo until they have bought the 30% still missing.
So wird Mr. Elsztain buying Troy shares this could indicate that the 30% Casposo share are  going to Austral soon at a price high enough solving the cash flow problem at Karouni.