Ann: Extension of SPP CLosing Date, page-94

Another potential source of cash in the next few months is via a successful placement of some or all of the shortfall from the recent Share Purchase Plan.

'The Directors reserve their right to place any shortfall under the Offer at their absolute discretion at a price not less than the Issue Price.'

Continued positive results from Ohio Creek could push Troy's share price above 10.5c and make the shortfall an appealing investment proposition.

Such a cash inflow would boost Troy's short term financial/operational flexibility and make the company an even more appealing investment proposition - a positive feedback loop.

Apologies if someone has already made this point.