What really matters to TRY is the grade, production, AISC,...

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rosencrantz

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05/05/18

13:16

Post #: 32904454
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Originally posted by Samboy69 ↑

In reality as long as the gold price is above U$1274 like in Q2 for TRY it doesnt really matter.
Traders/INSTOs who trade gold stocks follow the gold price by the minute and trade off that so I suspect we have them here doing that.

But the gold price is effectively a nominal issue to TRY-
If the AVRP is 1328 Q3 v 1274 Q2, this difference is a marginal 4%
We saw this when gold price dropped TRY went up the last 30 days as the finances look to be finally resolved with great financial performance recorded especially the stunning free cashflows and smashed AISC costs.

Costs were smashed from Q1 of 1240 to now 720, think about that!
thats a 42% drop in AIS costs in 6 months,
what gold miner has dropped costs this sharply this year = TRY NONE!
but TRY has done it.

What really matters to TRY is the grade, production, AISC, cashflows, debt reduction, long term mine plan. Even with weak or strong production in the past it didnt really matter to the share price but the finances did. And the finances are the best ever imho.

So with a rising gold price the INSTO/trader should start buying TRY
maybe we will see 15c-23c soonish
My valuation and also that of Macquarie (posted before) on TRY is 31c-45c comparative to DRM BLK SLR

BUY TRY

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What really matters to TRY is the grade, production, AISC, cashflows, debt reduction, long term mine plan.
agreed
so why the written exertions about a 42% drop in AISC..an accounting metric so open to abuse ?

TRY Price at posting: 13.5¢ Sentiment: None Disclosure: Held
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0 Great analysis

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