TRY 0.00% 3.0¢ troy resources limited

re: Ann: Appendix 3Y - Change of Director&#39... - The directors...

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    re: Ann: Appendix 3Y - Change of Director'... - The directors believe in their company spending big by buying equity around $1 per share.
    - The gold price is relatively stagnant with some decent support around USD 1280 and currently trading around USD 1290.
    - Troy had reduced price risk through hedging some sales at USD 1300.
    - Troy is mining the higher grade ore and costs are very minimal after silver credits.
    - Operating cash flow appears positive on the whole despite depressed gold prices.
    - Troy recently raised over $33m at $1.25 per share and is now trading at 94 cents with around $54m cash on hand as at 31 Mar

    This is a buy to me. Please supplement with your own research.
 
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Currently unlisted public company.

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