One of the posters wrote a few weeks ago, TRY and PRU are the most hated goldies when others were performing and the share price of PRU and TRY were going down hill.
Look at PRU today, it is the most beloved stock on the market. PRU had issues with rising cost, the shorts took advantage and sold the stock down, while they knew that the company was negotiating with Maccquarie a loan for developing its great assets.
Yesterday, PRU share price was sold down while people in the known were collecting them cheaply and were ready to fly with them upon the release of the announcement the following day.
TRY will go through the same pathway, the share price will go down while the company is negotiating the loan repayments with Investec. Once the negotiation is a success coupled with an update of operational improvement at Karouni, you would ask yourself the question, where have I been when the share price was 14c.
We wait.
TRY Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held