I debated whether I should wait for confirmation that they have managed to steady the ship before I bought, I would have preferred the company to have had more resources too but looking at the recent discoveries I don't see them having any issues.
I believe TROY will produce in excess of 50k Oz this year and have decent stockpiles to get through the rainy season. The grades are amazing so I feel this is now being overlooked and despite all the past issues, I think there probably in the strongest position they've ever been in. The new discoveries will no doubt reduce costs again and with current gold prices they'll be making large profits. Now is the time to scale in imo as it's unlikely to stay this cheap.
I think with all the disappointment the company has had there careful what they say, best to underpromise and over deliver however the big shareholder have backed them at lower gold prices than today.
TRY Price at posting:
8.8¢ Sentiment: Buy Disclosure: Held
