TBR 2.70% $3.42 tribune resources limited

cant believe the price of this stock, page-11

  1. 3,401 Posts.
    lightbulb Created with Sketch. 448
    Excellent work corps

    So they obviously have alot of bullion laying around. You probably cant answer this but why does it benefit us shareholders to have a good profit margin on paper and not in the bank. They can not pay for expansions and drilling with gold! and they are not a bank so why the need to store bullion. Also by storing bullion shareholders cant expect a dividend any time soon.

    I might just sit on the sidelines for a while and wait for their half yearly report.

    Good luck

 
watchlist Created with Sketch. Add TBR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.