looks like buyers are active, just in low volume atm.
All gold stocks lower today.... except TRY!
Yet Au price is the same at 1318 all day despite minor USD$ strength last night on the DXY 91.8 to 92.3
If we look at DRM, its Mcap at $91M is double that of TRY at $44M at about the same production (+/- 10%) as TRY of 5000-6000 ozpm/60k -75k ozpa.
DRM share price went up 30% from 20c to 26c on the news of higher production but TRY share price went down 30% from 11.5c to 8.5c on the same news!
If TRY produced 5200 oz in Nov and 5900 in December then why isnt TRY at 20c the equivalent MCap as DRM is now?
Reason is TRY is our unloved quiet little secret, for now.
TRY Price at posting:
9.8¢ Sentiment: Buy Disclosure: Held
