I agree 100% with kojak.
The only thing misleading is someone who ignores produced results & factual figures to justify their own downramping. Sure the market is holding this down right now but not for much longer.
Q3, net cashflow = U$14.2M FACT
Q4 net cashflow = U$7.8M FACT
Q1 net cashflow = U$7.3M FACT
Q1 30 Sept cash/bullion at bank = A$14.6M FACT
Current secured debt = U$8.19M FACT (going to U$4.19M by 1 Jan) FACT
TRY net cash/bullion over secured debt = U$2.2M as at 30 Sept = FACT
U$4M of inventory at the refinery due for payment last few weeks = FACT
They have the cash and bullion right now to pay off the whole secured debt.
The FCF is building at A$55M pa my estimates based on the above prior 9 months of net cashflows
This exceeds the current market cap of A$45M = FACT
10 months free cashflow is the same as the total current market cap = FACT
TRY is substantially undervalued = FACT
Stick to the FACTS and then its not misleading.
TRY WILL FLY = ramping conjecture based on FACT!
TRY Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held