Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Troilus Gold Corp T.TLG

Alternate Symbol(s):  CHXMF

Troilus Gold Corp. is a Canadian mining company focused on the systematic advancement and de-risking of the former gold and copper Troilus Mine towards production. The Company owns a 100% interest in the Troilus project. The Company holds a land position of approximately 435 square kilometers (km2) in the mining jurisdiction of Quebec, Canada, within the prospective Frotet-Evans Greenstone Belt. The Troilus Mine is located northeast of the Val-d'Or district of Quebec, produced 2 million ounces of gold and approximately 70,000 tons of copper. The seven kilometer main mineral corridor includes zones Z87, J Zone, X22 and Southwest, containing an estimated 11.21 Moz AuEq in the Indicated category and 1.80 Moz AuEq in the Inferred category. The Troilus property has an established infrastructure, including operating substation and power lines, an extensive network of well-maintained roads, operating water treatment facility, and a permitted tailing facility.


TSX:TLG - Post by User

Comment by AlwaysLong683on May 28, 2024 11:15pm
77 Views
Post# 36061593

RE:I Did Not Hear That

RE:I Did Not Hear That
True JR didn't flat out state he wouldn't sell the company, but notice the only option he emphasized going forward was a deal with a private equity firm as the primary source of initial capex funding. The other components of funding the project he mentioned won't bring TLG anywhere close to the $1B USD initial capex number (approx. $1.36B CAD at the current exchange rate of $1.00 CAD = $ 0.73 USD). Now, maybe he's playing possum by publicly informing current producers that he's got a private equity deal brewing to perhaps put pressure on them to offer a superior JV agreement or maybe even a generous takeout offer, and of course JR could change his mind even if this currently isn't his strategy, so retail investors don't know for sure. Just my impression based on what he did say about the project and how great he thought it was - sounded to me like a guy who wants TLG involved in the building of the mining operation and the cashflow he's expecting once the mine is in production, but of course, with JR you never know - he may be over-hyping the mine in the hopes of selling.
 
If he does end up getting the money from a private equity firm in exchange for joint ownership of the company, it will be TLG that will execute the mine build. Private equity firms buy companies in whole or in part, but don't tend to run the operations of the company going forward, so this will almost certainly be the responsibility of JR and his team unless JR steps down as CEO and someone else is brought in as CEO to pick up the ball and move it forward.
<< Previous
Bullboard Posts
Next >>