not strange at all U$ is unsustainably high, lAst Jan-May the U$...

not strange at all

U$ is unsustainably high, lAst Jan-May the U$ collapsed 20% and should do again in coming months with U$2T of debt bonds to issue with china/russia not buying, maybe Saudis/UAE/US INSTOs South Korea and Japan only buyers!

POG is breaking out
1231 now



Whilst its good news for TRY as AVRP rises slightly, its the AISC drop from last 5 Qs from
1240-1017-720-895-824 - X
thats the real difference for TRY

Higher grades & lower AISC boosting margins & FCF as this is what has turned TRY around the last year.
The FCF has paid down the secured debt and funded the drilling and purchase of OC.

As Chairman Stern said, last 12 months much stronger financial position, dont need advisers as to solvency & liquidity and obviously no need for CR for 18 months either and now less than ever.

POG will change sentiment and may attract new INSTOs to TRY as a value play like SBM & RSM RSG were at 10c. TRY has higher grades than them & way less debt than they had at 10c!