A few years ago when they were planning Karouni the originally target was debt paid off and $11m “bullet” in the bank by June 2018. At the time the market cap ranged from 100-200m - even months after casposo sale. The high grade ore, though turned out less high grade than expected, was always going to run out
Today, we will have debt paid off by October with maybe $5m in the bank.
Being 3 months and $6m off cost TRY a 100m market cap.
Today’s reaction to the update is much bigger than I would have guessed. I don’t know what’s going to happen next.
- Forums
- ASX - By Stock
- TRY
- Plan vs Reality
Plan vs Reality
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)