My thinking is that normal operating cashflow is slightly too...

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kojak78

1,538 Posts.

1134

15/09/18

00:58

Post #: 35616707
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Originally posted by flaming ↑

@Samboy69......above was a good post apart from the typo U1.3M

A lot of junior gold stocks are undervalued.

TRY is extremely undervalued. That doesn't means everyone will jump hand over fist to buy.
TRY will remain undervalued until few boxes are ticked.
I think this management has learned very painful lessons, including the shareholders.
Now management have become expert in running tight ship.

If they can pay the September Investec Debt Repayment from cash flow.....that will be a great news for everyone. I think management should give an update about the debt repayment........but I am thinking if anything otherwise they would have informed the market by now. So my thinking is the debt will be paid.

Debt paid off by the end of 2018.
Ridiculous gold hedge ends at the end of 2018.
Operation turnaround evident in 2018.

No debt, no poor hedge and a little bit of help from the gold price........All this is shaping up for a good year in 2019 & beyond.

I am buying slowly...no rush....plenty time to accumulate.

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My thinking is that normal operating cashflow is slightly too low for the debt repayment and they will tap trade creditors once again which is easy to do. A$20m site costs means pay 10% of invoices one or two months later.
Especially as the hedge is effectively running out this quarter. Next quarter hedge is way above spot gold price and covers more than half of production.

TRY Price at posting: 12.0¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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