No gain without pain. Troy will come back stronger than ever. We should not forget the story of SBM.
Based on my contacts and research of the current operations, I am convinced that Troy has made a number of changes to improve the performance of Karouni:
-The appointment of experienced general operational manager will increase the focus on training and address the issues in a challenging environment in an effective way.
-They have increased pumping capacity and mining fleet.
- They have gained access to higher grade ore and it is expected to achieve full operational performance in the first two weeks of April.
-They are currently negotiating a better loan repayments and hedging timetable.
The recovery of gold price is on the horizon with the Dutch election this Wednesday and the French next month.
I see a great value at the current price, have been accumulating and will continue to do so.
I have written so many posts on BDR and told everyone that the next level of gold would be $1336 and my target for BDR was 50 to 60c. I said that when the share price of BDR was around 20c. BDR got to 55c and the price of gold went to >$1375.
In short:
Every company with good assets will go through tough times (management bad decisions, pit wall collapse, gold price collapse, etc----), the bottom line is, at the current share price, Troy represents a fantastic entry point and upon improvement in the mine performance, Troy will outperform by miles and the book value will be achieved and even more.
My thoughts.
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Troy, the next success story
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