re: Ann: Initial Resource Estimate - Kamila S...
Blue
You have been one of very few posters that has focused on the key factor for TRY going forward and that is achieving and sustaining target production rate at C. From reading recent TRY announcement and your comments on email response i would say PB has clearly learnt the wrong lesson from apparently being critised by some in the media( note he didn,nt say shareholders were critical) for saying too much about production issues ( which was near start of year)to now saying virtually nothing. I prefer the warts and all approach to disclosure at all times and I am concluding there continues to be production issues(beyond the worst cold snap in 50 years that did not warrant a stand alone announcement given the significant impact on ramp up) that in their words state production for this quarter will be less than previous quarter.Have offloaded some shares yesterday and more to go. Will wait for the full story on production before consider re entering. In meantime better prospects elsewhere imo.
At the moment the TRY releases on C ramp are not adding up to good news in the short term and have now done so for at least 8 months. Think about it and why is that so.
TRY Price at posting:
$4.38 Sentiment: ST Sell Disclosure: Held