I agree Ooberdoober, it's the sovereign risk issue. If you talk to Paul Benson he'll even tell you of the need to diversify.
But that said, everything is a bloody risk these days. There's no escaping it. At the end of the day I put my trust in Troy's management to navigate the storm.
After all, Troy is in a wonderful position versus late explorers/developers. The market is well and truly on the producers side now when it comes to M&A... they have the power as far as I see it.
As of early Oct, Troy now has no debt and at Sept 30 had cash/bullion/dore worth $69m... plus an unprocessed stockpile of around 76K oz Au-eq. Each quarter moving forward improves their EV significantly given the market cap.
I think the company is worth the risk, but it is a free market after all and other investors would disagree.
TRY Price at posting:
$4.31 Sentiment: LT Buy Disclosure: Held
