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Lol my math shows A$5.2m in cash with no debt by December 2018....

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Aleksander

29 Posts.

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05/06/18

18:21

Post #: 33511741
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Originally posted by Samboy69 ↑

Casposo 51% was sold for a song, small deposit $1M and long instalment schedule and the $10M drilling was paid out of revenues from mining so no money down for this
It was a sweetheart deal

the Eduardo bought 5% of TRY cheap at ~10.5c average (7-14c)
Another sweetheart deal.
Eduardo owes TRY big time. TRY getting 30% cut of Casposo revenues still
The cash bullet will get U$1.5M larger in December

Board called in 2016 a cash bullet of U$11M for 30 Sept, implies a target of U$16M by 31 Dec.
My maths says it will be larger with the cash bullet being around U$20M by 31 Dec and no total debt.
Cash bullet should be U$40M by 30 June 2019 on my maths.
I underestimated last Q2 Q3 results though.

I expect the smarts 3 high grade & stockpiles to go longer and cheaper. Spearpoint and Larken start up in Dec Quarter when debt is down to U$5M which will be funded from cashflows.

TRYs balance sheet is getting stronger and stronger every week now. This is due to higher grades and processed stockpile sales and slashed costs. Net loan debt free by 30 June imho.

What do you expect to be the cash at bank on 31 December with no total debt?
If its U$11M-$20M then TRY share price will be a lot lot higher. 20c June & 30c by August, why not?
why not 40c to DRM equivalence and 50c to SLR RMS PRU equivalence?

TRY will FLY.

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Lol my math shows A$5.2m in cash with no debt by December 2018. Still a happy buyer though.

TRY Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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