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133 Posts.

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23/05/17

12:26

Post #: 24856362
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Originally posted by xmanrocks ↑

Your post is quite relevant.
We have confirmation via the SP action over the last year, falling 85% (65 to 9 cps), and probably even more relevant the last months 40% fall (15 to 9 cps) that indicates the markets have lost faith in TRY and give the directors very little credibility what so ever.
Hence the reason the up and coming mine report, as glossy as it will be, will not be considered the holy grail by the market and the answers to every ones prayers, although some want you to believe it will.
That will be result driven for sure.
Will the glossy new mine report help with the sure to follow cap raise, could do to a small degree, we are sure going to find out.

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Please take us through your assumptions for this "sure to follow cap raise"? Broadly, but based on some production figures; drawdown on cash; costs and GP received.
Please don't leave out the important bit about why you assume costs will stay high (given this is historically based on a set of well known issues).

Thanks.

TRY Price at posting: 9.3¢ Sentiment: Buy Disclosure: Held
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