Hi jman, I'm with you there. TRY has been on my watchlist for the last 12 months. Looking for an entry with sp below cash backing. When (if?) some normalcy returns to the markets, I'm expecting the cash rich to do relatively well.
Looking quite cheap
At 76c yet another stock trading close to its cash backing. Never held them before, don't know much about them yet either. Balance sheet looks healthy with $60M in the bank, debt free and unhedged.
Hi kennas,
I know for example TRY has lots of 1.5g/t low grade dirt stockpiled at the Aussie site they are closing (can't remember the name sorry), from my understanding, most small-caps which would usually throw this away are currently milling it lucratively thanks to the high AUD price of gold.
It looks like they are trying to reduce their oz/year profile from the 100000s to the 50000s although I am not sure why.
80c cash backing and sitting at 70c but what are their assets now?
Two mines about to be closed, a low tonnage underground mine to be commissioned and a few mil of fe tons, with some land around it. Not much really there is there?
Herbert,
Realistically how close are they to IO production? Have they done PFS, BFS etc? And with IO demand drop its not looking healthy for juniors.
They do seem to spend their cash wisely from the little research i have done, but past performance does not assure future success
technical research would indicate that TRY bounces back to 1.50 $ level in the short- medium term.
Yes the fundies do look to be falling into place, but i dont for the life of me see how you can say the above statement.
Nothing on the graph indicates its going to jump 100%, in fact a chart cant even predict that big of a rise.
What t/a techniques are you using???
The The error in this logic is that it must have been well priced previously. It may have been overvalued and has come back in line with where it should be. Just like the XAO was overbought at 6800. The market will always over and undershoot.Look at the sharp decline on low volume, it went down to around 67c which is a fall of around 85% from its high . When the markets recover this should make its way up to above 1$ imho, target 1.50$.
The The error in this logic is that it must have been well priced previously. It may have been overvalued and has come back in line with where it should be. Just like the XAO was overbought at 6800. The market will always over and undershoot.
If they get some sales agreements in place for the IO it would be nice, but when there's a whole bunch of other producers cutting back due to lack of demand and agreements being renegged on elsewhere, there just might not be a buyer. And any idea how it's getting to a port? Soory, haven't seen the PFS.
One thing that strikes me with their deposits is that there's not much really in the ground.
6.5m tn IO, and
350K Au
BRM is sitting on 1.5b IO and is valued at $60m with $105 cash in the bank.
A little goldie like AZM with 750K Au valued at about $6m
Obviously very difficult to do peer comparisons but it just sends signals to me.
Maybe everything is undervalued right now?
Yes, good points.
Will be interesting to see what they end up buying to add value.
I'd be happy if they bought AZM for $20m ....
Interesting SC, thanks for that!More like 10 mill.. and a 3% royalty:
While on the subject of AZM, and TRY's need for good ground
Heavy increase in volume today,anyone know what thats about?
That is a bit of a worrying high cash cost is it not?
Are there any reasons behind this? (operation problems etc)
Is it expected to come down with a production ramp up?
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