Just had a sleepless night thinking about TRY then ran some numbers, i don't think they will need to raise given these assumptions. All figures in USD
Column 1
Column 2
1
2
3
4
Finished March Q (USD)
$15,600,000.00
5
30 June Debt repayment
-$3,000,000.00
6
Assume 15,000oz aisc $1300
-$22,500,000.00
7
13500oz hedged at $1103
$14,890,000.00
8
1500oz at $1250
$1,875,000.00
9
2000oz from Casposo at $1250
$2,500,000.00
10
11
Finish June Q (USD)
$9,365,000.00
12
13
Minimum Liquidity until 31st July (USD)
$5,600,000.00
Assumptions are the AISC go down to $1300, they produce 15,000 from Karouni + an extra 2000oz from Casposo (pretty reasonable)
They would survive another quarter.
For the September Quarter
Column 1
Column 2
1
2
3
4
Finish June Q (USD)
$9,365,000.00
5
30 September Debt repayment
-$3,000,000.00
6
Assume 20,000oz aisc $1100
-$22,000,000.00
7
13500oz hedged at $1103
$14,890,000.00
8
6500oz at $1250
$8,125,000.00
9
2000oz from Casposo at $1250
$2,500,000.00
10
11
Finish September Q (USD)
$9,880,000.00
12
13
Minimum Liquidity (USD)
$7,450,000.00
Assumptions are AISC go down to $1100 and they produce 20,000oz from Karouni and an extra 2000oz from Casposo. Also USD gold price remains at an average of $1250. If it increases than the situation will look alot better. From the December quarter costs should continue to decrease and production increase.
If i messed up the numbers let me know. At $37m market cap I will take a punt and add more before the next quarterly comes out.
