price expectation, page-25

PussnBoots

Thanks for our thoughts.

No harm done to me here - I am just being careful. I had a rethink about this one last night and decided I would exit early.

I think we will find the answers to why TRY is not responding to the higher POG when we see the quarterly report. I think some have already worked it out or are in the know and are taking anticipatory action.

PRU fell back like a stone once it released its quarterly report and let the cat out of the bag about its woes. Being upfront did not do anything for their shareprice.

I suspect this will be the case for TRY (and will be the case for many of the other current goldies whose share prices have had good recoveries in percentage terms (eg SLR, RSG, EVR, BDR, SBM) once they also report. The main issue is costs relative to the POG.

Unfortunately goldies need a much higher POG to make reasonable returns and have cash for expansion.

I will keep TRY on my watchlist. TRY has solid management and should survive, unless the POG heads below $USD1000 and stays there. They really need the Guyana project in operation, but this will take another 2 years. This is the project that can make TRY into a mid-size goldie over time and is the main reason I have taken more than just a passing interest in TRY.

Good luck.

loki