very low volume trades.
no one selling again.
RIM & Eduardo look long gone and their holdings reduced to nothing.
Who have been these buyers of 70M shares the last few months buying heavily at 12.5-17.5c range and what are they thinking TRYs value is at?
The stockpiles will likely have been held back for the low hedges this Q1 which will protect the AISC from rising and boost production/sales.
Its the gold price thats been the laggard for TRY but at 1230-895 thats still a strong margin as other producers like SLR PRU are over U$1000 for AISC with larger debts & trading creditors.
TRY has been managed very well the last 9 months and the turnaround is near complete.
Im sure they are working on those reserve upgrades due to those stunning drilling results the last 12 months to boost reserves from 300k from the 1M resources.
Reserves should be boosted to over 800koz in the next 6 months and resources to 1M oz imho
Once the market sees the LOM and reserves boosted,
TRY will FLY AGAIN.
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