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TRY - Troy Resources (1 Viewer)

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Hi,
I have been looking for around for a gold stock and Troy Resources has caught my eye. Currently at $2.80, I think this stock has room to move if Gold pushes through the $500 mark.

Anyone holding? Any opinions?

:D
 
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Can go past this one ... will it present an opportunity?

2.65 ish to 3.25 ish in (what) 3 - 4 months (at the outside)?
 

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This cant last ..... will either fail miserably from this point or be a performer ... either way it will be quick and soon.
 

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Consider the price action today as a continuation of the volume signal from last week. This is what I consider a classic falling wedge breakout. The 3.40 area should be considered a target profit zone
 
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At the risk of blowing sunbeams up my own ars# again this one is behaving pretty much as I expected ... 2.55 ish is still a possibility while it works out exactly why it had to react the way it did last week. Else it held up rather well after the reaction day so all looks good for the position. Could only get 30% margin on it though so the leverage is not that exciting ....
 

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the company needs to do a JV or aquire more properties to move that stock back up which im sure will happen in due time.
 
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Hi purehell

Have you any info? Perhaps regarding why the volume spike last week (who bought ... who sold) and the price move ... I'm a little perplexed as to why this also held the breakout at the end of the week ... still this week might see it sold back down
 
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well the reality is they had some good grounds but to much anymore so i hear they are in the process of trying to talk with some other bigger and more valued companies who hold ALOT better ground to try and maybe get access to some land to do some activities.

If they dont they will have nothing and be left in the dark
 

hangseng

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well the reality is they had some good grounds but to much anymore so i hear they are in the process of trying to talk with some other bigger and more valued companies who hold ALOT better ground to try and maybe get access to some land to do some activities.

If they dont they will have nothing and be left in the dark

I would not be surprised to learn that TRY and AAR may be going to do something together, especially with John Jones on the board of both companies.

AAR is on the verge of the PFS completion on Koongie Park and has excellent cash holdings and more to come out of Mandilla. Mandilla is also indicated in AAR reports as having the possibility of further extensions/expansion. AAR market cap is at only $27m so it is an attractive proposition.

Why would TRY raise so much capital when they already have so much capital readily on hand? Between TRY and AAR they seemingly could develop Koongie Park easily.

Am I off the mark or is there a distinct possibility of something coming out of this shortly?
 
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Ahh .... interesting.

and someone knew about this back in Oct 06 ...

so much for a level playing field
 

hangseng

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Ahh .... interesting.

and someone knew about this back in Oct 06 ...

so much for a level playing field

If there is any basis to this, where would you see this heading? My view is that this would seemingly be a friendly takeover of AAR or for TRY taking a large position in AAR. Thoughts? Why would you say that someone knew something in Oct 06?

In my view it would clearly be positive for both the TRY and AAR respective sp's.

With so much cash surely TRY wil be making a move on something soon.
 
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October 06 is when, from my TA perspective, this stock signalled that something was afoot ... I use TA patterns/signals to alert me to stocks then FA to satisfy myself that the stock is robust etc etc ...

My TA signal was months ahead of any formal news/announcements .... which is typical ... so someone knew, or thought they knew, the inside line on this one ....
 
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31 July 2007
this company must be signifigantly undervalued with cash and equivalents of 97 million and only 57 million shares on issue that =$1.70/share and it's trading at $2.60:eek:
TROY ANNOUNCES INITIAL RESERVE AT ANDORINHAS AND INCREASES GROUP GOLD RESOURCES TO 1.1Moz
HIGHLIGHTS

An initial Reserve of 255,980oz gold has been announced for Troy’s 100% controlled Andorinhas Project in Brazil.

Group gold Resources have increased to 1.1Moz with the addition of 435,000oz from the Andorinhas Project.

Drilling has confirmed the grade and continuity of gold mineralisation within the open pit mineable resource model at Lagoa Seca and identifies potential extensions along strike and down-plunge with significant intersections including 31m @10.9g/t, 6m @ 11.8g/t, 28m @ 4.7g/t and 25m @ 4.24g/t. These drill results were not used in the above Ore Resource and Reserve totals.

Site clearing and initial civil works progressing at the Andorinhas Project and is on track for a January 2008 start-up.

Attributable gold production for the June Quarter of 26,990oz at a cash operating cost of A$376/oz and delivering annual attributable production, well ahead of target, of 105,723oz at A$330/oz.

Troy posted a record annual gold revenue of A$91.8 million and now has total cash and equivalents of A$96.8 million.
Troy Resources NL (ASX:TRY) has significantly increased its group gold Reserves by announcing an initial Reserve of 1,227,200t @ 6.5g/t for 255,980oz at its 100% controlled Andorinhas Project in Para State, Brazil.
An initial gold Resource estimate of 3,997,000t @ 3.4g/t for 435,000oz has been calculated at Andorinhas which has increased the Group’s total gold Resources to a record 1.1Moz.
 
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Rico01

I agree with you on this one.

You however forgot one important point though.

The rock chip samples at the Gutain Davaa JV Project (Troy earning 80%) are staggerring 18.4 g/t, 250.5 g/t 441 g/t and 1753 g/t gold.

The proof however will come when they drill which I think is scheduled for October.

The other aspect is we know they can bring mines into production and generate profits. They have done this with five mines so far.

To many Junior miners get themselves into troble through debt and hedging stragies.

Croesus, BMA, Bendigo, Sons of Gwalia, Gleneagle immediately spring to mind.

Happy Investing
Enoch
 

So_Cynical

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I know your not supposed to get emotionally attached to shares.....but

I love Troy Resources

Issued Capital: 60,374,719 ordinary shares
Record after tax profit of $20.1 million for 2006/07 year
Record dividend of 7.5 cents per share fully franked declared
1:25 Bonus Issue :)
Annual gold production of 105,723 ounces (2006: 110,263 ounces)

Operations in Australia and Brazil
Exploration in Aust, Brazil, Mongolia and Finland
New Brazilian mine in production early 08 :dance:
 

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So_Cynical

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GOLD producer Troy Resources has intercepted more high gold grades at its Gutain Davaa project in Mongolia.

The third phase of drilling from September and October produced high grade gold assays with best results of
5m at 7.45 grams per tonne from 50m, including 2m at 10.51gpt from 62,
and 6m at 7.93gpt from 41m, including 2m at 23.22gpt from 42m.

:cool: Thats some good gold..
 

So_Cynical

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Troy gets more Ground...right next door.;)

Troy Resources NL (“Troy”), through its Brazilian subsidiary Reinarda Mineraçao Ltda (“RML”), has signed an exploration Joint Venture Earn-in and Option Agreement with Horizonte Minerals plc (“HM”) (AIM Listed) for the exploration of the Tangará Project located about 20km north - northwest of Troy’s Andorinhas Project in Para State in Brazil.

The Tangará Project consists of seven tenements totalling 37,662ha and, when combined with Troy’s existing exploration ground in the Andorinhas area, increases Troy’s land position by 47% to a total of 116,268ha in the
Rio Maria Greenstone Belt.

The project has great potential to delineate gold resources within a short transport distance from Troy’s milling facility which is being constructed at Andorinhas approximately 20 kms away”.:D

http://www.try.com.au/ASX/pdf/ASX071207.pdf
 
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Good news just keeps coming with this company.

TSX listing has been approved. P/E is ridiculously low, others on here have already mentioned the fact that they are unhedged. Liquidity has been a bit of an issue in the past but with the TSX listing maybe this will change.

I hold for the long term :)
 

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