lots of options for TRY as no CR is needed:-
- sell stockpiles already mined and processed, 2 months worth + ~U$16M revenue
- sell bullion on books unsold of U$3.8M from Q4
- extend Investec loan of U$11.19M by 3-6 months
- refinance Investec loan into a revolving credit line so only monthly interest only payments boosting FCF by U$4.75M per Q
(5-0.25M = +U$4.75M perQ)
- keep AISC low at U$720-$895 well below AVRP
- sell hedges at 1186 in Q1
- keep mining smarts 3 high grade & extensions = lower costs larger production in oz's
- extend trade creditor payments again, very friendly supportive group they are
- keep producing and mill pumping at good FCF margins like Q3 Q4 at U$7M-$14M pQ
So no CR is needed at all. If they needed one they would have done it in 2017 when margins and AVRP were tight and debt was U$22M but not needed now. Plus the AGM resolved NOT to approve any CR allowance.
I think the focus is rightly on the debt paydown and the reserves upgrades.
Financially they have proven they are very good managers on site and on the books.
A U$100M debt paydown in 3 years is quite an achievement for a midtier gold producer. ANd that debt will prove a winner long term as it was used to set up this Karouni golden elephant shear zone & working mill the benefits of which will be rewarding us sooner or later.
TRY have set up a mining hub for future generations here.
- Forums
- ASX - By Stock
- TRY
- No Trades yet today
No Trades yet today, page-20
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TRY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online