What you have to consider here is the falling gold price is offset by the weaker Aussie dollar. Gold at $1300 an ounce in round figures when repatriated back to the AUD is $1460 an ounce. Today's rate cut will help this further. . Troy will pay a dividend, my guess is 5 cents per share, the cost cutting measures are in place in order to maintain their run of 13 dividends on the trot. This is something they are very keen to maintain.
TRY Price at posting:
$1.33 Sentiment: Hold Disclosure: Held
