No new equity for 2 years now.
The cashflow is stronger now & debt so low that they have started the next phase months ago, which is buying new nearby high grade tenements with mill ore ready & drilling like crazy.
5 weeks and the Assay Lab is still sitting on these drill hits.
And importantly no news on the current mining, current production, mill throughput, north wall issues, debt, creditors or cash at bank so guidance is on target looks like for Q2
So thats another U$7M in net cashflow after U$7.8M last Q1
Thats U$4M being paid down in the next 2 weeks to Investec
Thats a net cash position that is building (14.6M-8.2M= +$6,4M) to say
14.6+7.2 -8.2 = U$13.6M
Net cashflow appears to be building strongly
Drilling appears to be stunning
LOM appears to be increasing
AVRP increased from 1213 to now spot POG is at 1245 so
FCF & margins are increasing.
TRYs undervaluation is increasing
TRY Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
