Things are aligning nicely for TRY. But I think the lion's share of the volume today would have come from the announcemewnt that TRY is going to be added to the ASX 200 index. That alone would account for todys volume and probably a more again tomorrow. All the index funds, and the benchmark hugging domestic fundmanagers need to purchase TRY now. A rough calculation puts TRY at 0.5% of the index, I'm guessing most don't own even a single share, woohoo!
Add that to all this good news and up is the direction of the price: * minesite article (Andean is not a dirty word) * topping the Thomson Reuters earnings sustainability report (quality earnings in a seriously undervalued company) * PB US presentation and upcoming broker mine visit (international Precious Metals interest) * coming resource upgrade * less than three weeks to the next quarterly (should be very positive)
How much good news can you get and have a flat share price, I guess today says no more. No more flat share price!
TRY Price at posting:
$4.63 Sentiment: Hold Disclosure: Held
