TRY 0.00% 3.0¢ troy resources limited

TRY at 16c, why not? volume very light for a while now...

  1. 2,060 Posts.
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    TRY at 16c, why not?
    volume very light for a while now
    Accumulation pattern still ongoing, onscreen offerees very weak.
    Cant get 24M shares onmarket at these prices, maybe at 17.5c+

    POG at 1300, TRY 16c, still sounds cheap at a PER of 1.0 and MC equivalent to 1 year FCF with no secured debt by 31 March.

    FCF strong, high grades, decent production, no issues reported, CR cash of $2.5M complete with only 5% dilution.

    They are building that road and bridge to Tallman FAST
    Investec negotiations for a credit line should have started by now
    More high grade drill results "every 2 weeks" as Ken has put his foot down and said this maybe a 500k oz high grade deposit which would be a game changer!

    Expect early production and ore transport from Tallman to the mill.
    Market doesnt expect anything at this price just more of the same legacy issues ...wrong again.

    TRY will FLY!
    Last edited by Samboy69: 31/12/18
 
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