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.
TRY Price at posting:
94.5¢ Sentiment: Buy Disclosure: Held