Ann: Corporate Presentation June 2019, page-98

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robbo24

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26/06/19

13:34

Post #: 39247136
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Originally posted by flaming: ↑

The trade creditors is around AUD $18-20 million right now which is twice the level it should be for a TRY size miner. It used to be 28-30 million. All miners have trade creditors in usual cycle.

The debt of US$ 3.9 million will be extinguished by the end of September quarterly.

This quarter results won't be great, break even at best or little better as the USD gold price has been over $1300 average. Next quarter higher grade ore from Smarts 3 will come online. Possibly a starter pit at Ohio Creek prospect. Things will start looking better from next quarter and much better from September onward.
There are rumors around the jungle(and only rumor) that Ohio Creek is a multi million ounce deposit. Those people holding the tenements have been holding for generations. TRY management did a wonderful job in acquiring Ohio Creek. Diamond drilling is ongoing , we will know in few months time what lies underneath.
TRY has successfully traveled a near death scary route. It will take time and results to win back investors confidence.

Someone mentioned the Argentinian Billionaire(Eduardo Elzstain) is selling out of TRY, very high volume since the 18th June. Another 2 days to go for Tax loss selling. He has problem with his own baby Austral Gold(AGD).

Market cap is $54 million for a 60-70K ounce producer. Apart from the trade creditors the company is net cash positive. M& G and Ruffer have backed the company. Investec Bank have sucked every bit of blood, and are now bloated and about to fall off like leech. Hopefully TRY gets a better life after Investec.

Debt paid off.
Operations under control.
Ohio Creek and other tenement exploration success.
USD Gold price at or above 1400.
Share price above 20c.
(I suspect could happen in the next 12 months......quite possibly can happen soon going by the price action in other miners)

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Hi flaming, can you point me to where you found the trade creditors falling from $35m at 1 Jan 2019 to $18-$20m now?

I have an EV range for this stock of between $43m and $80m which is proving difficult to reconcile.

TRY Price at posting: 9.0¢ Sentiment: None Disclosure: Not Held
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