TBR tribune resources limited
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gold price impact on tbr

  1. ProPunter23Red
    2,968 Posts.
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    08/08/11
    16:22
    Post #: 8790697
    Half yearly page 15 indicated gold on hand at 61.8m AUD at spot 31/12. So lets so the price of gold has gone from 1350 Dec31 to 1650 AUD today, that's an increase of 22% to effectively give gold on hand 31/12 revalued of 75m. Noted this is consolidated TBR & RND. 50m TBR on issue and TBR owning 46% of RND anyway gives a healthy gold backing

    Plus then there is the last 6 months worth of production!
    TBR Price at posting: $2.30 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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