TRY 0.00% 3.0¢ troy resources limited

Ann: Appendix 4E and 2017/18 Year Statutory Accounts, page-22

  1. 183 Posts.
    lightbulb Created with Sketch. 37
    This has been because they cherry picked ore from Smarts 3 to feed the mill with the overflow produced going onto the stockpile.
    The change in stockpile is included into the quarterly aisc. They still have the capacity to sell more gold than they produce if they can use the stockpile to maximise throughput.

    I am forecasting a slight decline in quarterly production for the next 2 quarters with a top up from stockpiles.
    A smaller scale of what SAR is presently looking to achieve, the issue is whether after debt repayments and paying down creditors there is ample working capital to explore and afford the capex to get spearpoint and larken up and running.

    As someone mentioned a capital injection is likely what try needs post debt paid off, so they can afford to conduct the capex and explore to expand LOM.

    I am optimistic they will be able to continue walking the tightrope, but any sign of a sustained mill or pit issue and TRY wont survive.
 
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