TRY 0.00% 3.0¢ troy resources limited

ryrie I doubt they would go after such a small mine or be...

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    ryrie

    I doubt they would go after such a small mine or be willing to try and run it profitably themselves. At this stage the reserve/resource is pretty small and the plant would cost a heap to relocate elsewhere. TRY has not put a foot wrong in Argentina and as far as I know the only asset they did takeover were the operations of a Spanish oil company (a vastly more worthwhile target) were there had been an ongoing dispute.

    TRY's issues relate to its PEA and quarterly report, not the Argentinian govt, and today the goldies are getting a bit of a workover. However, there may be issues around getting profits out of the country during the currency crisis if that is what they are also having.

    I am finding it hard to work out a longer term value for the company and probably so are others. I think they ought to hedge some of their gold production (in addition to the agreed silver hedge) to reduce the risk going forward.

    loki
 
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