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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (67496)	10/13/2009 2:50:46 AM
From: El Ringo	Respond to of 78436

i hear ya on TRY.... share price doing ok so lets hope they sort it out quick! try and NGD my biggest holdings.

To: marcos who wrote (67496)	10/13/2009 8:33:34 AM
From: que seria	Respond to of 78436

I own Troy and don't like the infighting, but if John Jones is correct about management's intended dilution to fund Casposo, as quoted here from your link But Mr Jones returned fire late last night, claiming Mr Benson should be removed due to “financial mismanagement”, including early plans to raise funds for Casposo via a share placement at the premium price of $1.50. Troy shares last traded at $2.40, and Mr Jones claims the placement if approved would be dilutive to existing shareholders. then I'm not down with that. Jones' non-dilutive plan is, to me, very much worth fighting for. If the story is accurate about current management's plans, then I'm sorry and surprised to say I'd like to see Troy management replaced. Dilutive papering at a price well below the market when financing plan became known is the opposite of what has made current management so appealing. (So perhaps Jones is wrong?). If management does not unequivocally deny a willingness to dilute anywhere near $1.50, then I'm directing that my tiny retail shareholding be voted for Jones' slate. (I would email management the news of my intent, but I don't want to make them nervous. ;-) Mr Jones has preferred a $20 million debt facility and rights issue to fund the $45m project. Thanks for the heads-up, marcos, from those of us too locked into other stuff to stay current on our speculations!