I looked into the analysis of the book value of TTY some months ago with a trader friend and we thought (not too much science around this) but that it was currently .84-.92, hence i bought in at that time.
So disappointing to see the sp sliding like this, but the facts are pretty stark in regards to; No bank debt Money in the bank Big backers Heaps of personal investement from the chairman Good cash flow Record demand for it's product Good prospects for finding more of a relatively common mineral Highest quality grade of any junior Best logistics set up Hugely experienced management team (good record of success too) And one major failure in an invetsment.
The way the sp is going you would have thought that there was no chance of a resource upgrade and all the money had been lost in the MON investment.
Reality is that TTY will receive money back from MON, how much is anyones guess, and they will find more IO, how much is the question.
it's going to take awhile for sentiment to change on this one, but no point selling now as it may have lower to go, but not much more I wouldn't have thought. Just my relatively uneducated opinion of course
TTY Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held