TRY 0.00% 3.0¢ troy resources limited

heading towards $2, page-77

  1. 60,312 Posts.
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    Vasco, I note TRY have drawn down all of $30m debt facility.

    Didn't think TRY would do an equity raising but now remember the last time was for development of Casposo, still it's not a big one.

    Lower POG has hit profits but as we see from the month of December the higher grades has made a big difference in lowering cost of production. We also now have a good improvement in the POG so I would imagine cash flow is now positive.

    Also, Developing West Omai is chew up a fair bit of cash I imagine and as you would expect so the loss in the last quarter while disappointing is not that bad.

    It would seem that TRY are confident of positive cash flow as they have stated that will be some of the money for developing West Omai is coming from.

    Moving forward we will need to look at what profits are being made at Casposo and Brazil, it will take over a year at least before west omai starts contributing to group profits so Group profit may not look so flash between then and now
 
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