VWAP closing match right now is at 13.5c
12.5c-13.5c was the base from the prior run to 17,5c
Volume offerees are unconvincing and very light, got swiped out early, up top looks clear
INSTOs are playing the game here, prior capper smashed and very light resistance onscreen to 20c
Should go to 16-17c prior resistance where Eduardo and RIM sold down 70M shares but this time they are not holders anymore so ST buyers at 10c (not many) may flip and long termers in since 30c-$1.50 before will stay in.
Poor ole RIM & Eduardo got dudded early, the INSTO accumulation buyer of their parcels is a genius.
Dont forget this went from 20c to 50c to 75c in 2016 on way less good news.
The retrace on high debt low margins in 2017 is Over, its the exact opposite now.
CR came in at 39c & 59c
So there is a large gap up to go befoire those holders are in the money.
Now the secured debt is very low, down to U$8M, production strong 19kozpQ, costs low at U$824 with strong FCF of A$55M pa and strong margin sof U$390 peroz.
TRY is producing more free cashflow annually than its entire market cap right now at a PER of 1.0!
16-20c here we come.
Should see resistance around 16-17 then break to 23c then gapup to 35c as I called 6 months ago.
Market now realising the massive undervaluation & FCF & reserves are massively larger than they thought.
Rerate in process
TRY will FLY AGAIN!
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