Got a small position in TRY which I took at .505 a while ago after deciding it was good enough for a punt. Not inclined to sell but am mystified as to why, after a night $25 rise in POG, is this company's SP reacting in such a lacklustre way? As far as I can ascertain, it's ASIC are no worse than many other companies, if not a fraction better, and improving. It has enough cash for its purposes and though I don't like the debt, it's manageable, prticularly if POG rises.
Any suggestions why the SP is so depressed?
Got a small position in TRY which I took at .505 a while ago...
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