How many Australian gold producers with producing gold mines here and overseas are making excellent profits, are unhedged, are debt free, have been paying dividends for years and have a cash and equivalents backing which is more than 60% of market cap?
Aanswer: JUST ONE.
I find it an interesting study in market psychology understanding why investors aren't all over this company.
I am also very confident that punters having a look at TRY at not buying will look back in time and regret not purchasing this one.
I can see TRY in the future rising many, many hundreds of per cent.
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June quarter production 26,990 ounces at cash cost of A$376.
Gold sales year ending 30th. June 113,194 ounces at average price of A$811 per ounce.
Cash and equivalents of A$96.8 million at 30th. June.
Unhedged. Debt free.
Consistent dividend payer.
TSX listing shortly.
Great exploration prospects. Eg. recent drill intersections such as 31m @ 10.9 g/t from 55m.
Only 57.5 million shares listed. Low market cap. Lower than many specs!
TRY Price at posting:
0.0¢ Sentiment: None Disclosure: Held
