TRY 0.00% 3.0¢ troy resources limited

Ann: Operational Update, page-19

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  1. 2,060 Posts.
    lightbulb Created with Sketch. 1393
    On technicals.
    the ChiX had a small 300k volume with a bullish lower green bar with 0.4c body and 0.5c wick no tail.
    The ASX had 2.6M volume with also a lower green candle with 0.2c body 0.2c tail and close on daily highs
    Both indices show a bullish support candle!

    The morning sell down on ASX was short and low volume with no one following in at all.

    And no mention of more funding needs, CR or operations seriously affected.
    1-3 weeks is nothing out of 13 weeks in Q1 with 9 weeks of cheap stockpiles on hand.

    Looks like they have enough liquidity and cash with very supportive creditors & bankers to cover anything as the debt keeps being slashed lower. The cashflows must be good especially as gold price is rising again well above the 2 hedgebook tranches at 1185 & 1200.



    technicals and fundamentals look highly undervalued.
    Last edited by Samboy69: 17/10/18
 
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