Hi All, IMO! TRY epitomises the dangers in investing in a miner...

Hi All, IMO! TRY epitomises the dangers in investing in a miner as a long term prospect, all long termers would be seriously in the red on this one. Belief in the management isn't going to change the fact that TRY has been a very poor investment (except for those getting on board in the period between Nov. and Dec.2014) Everybody else who have "hung-in" will be losers to date , most of them seriously in the red. TRY have paid small dividends over the years but they merely reduce the losses slightly. Waxing lyrical about TRY at this stage therefore needs to be tempered. Fortunately TRY had to hedge the GP in order to finance Karouni, they are slightly ahead on the current US$ GP but have made a fairly substantial gain in Oz$ terms. The Oz$ is unlikely in the near term to recover therefore TRY have virtually ensured survival no matter what the GP does in US$ terms..With the uncertainty in predicting the GP that is probably the best situation for an embryo miner to be in. BDR got singularly luck with their mandated US$1600/oz. hedge. IMO Kaouni looks to be a real goer especially if TRY can maintain their proposed schedule. Looks like they have a modest but profitable mine in Guyana assuming no major problems arise. Karouni may be a small part of a major gold resource ,who knows? Should run once the GP stabilises. BOLTA!