volume very light, offerees onscreen at 15.5 and 16.0 very weak
capper not anywhere to be seen for days
RIM and Eduardos 45M shares look spent cheap and cant be seen anywhere onscreen
that 1M sale yesterday was offscreen into the bids and looks like RIM
any large volume is easily snapped up by our resident INSTO accumulater.
FCF strong, debt & trade creditors paid down easily, stockpiles use brings down AISC from U$720 in Q3.
The gold price I repeat is of marginal relevance to TRY, its about the lowered AISC & higher FCF.
With 55M volume traded last 10 weeks since mid April, RIM and Eduardo likely have no shares left to sell and we know that the low volume has been around for 12 months without them so where will the next selling volume be at if not here?
New floor formed at 14-15c with light onscreen resistance, TRY 19c-25c-?
Gapup on its way imho
TRY Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
