Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (63211)	1/31/2009 1:06:06 AM
From: marcos	Read Replies (2) \| Respond to of 78417

Yes, 26feb they say in last week's release, looking forward to it ... Troy had their quarterly out this week, i've only scanned it so far, usually go over them on weekends, but here's a snip - ' ... The company has A$60m in cash and bullion, we have no debt and the only hedging we have is via Australian dollar gold put options put in place to protect the Sandstone cutback from any fall in Australian dollar gold price, thus we are fully exposed to any increase in the gold price. With a market capitalization of just A$71m we are clearly undervalued in the market. In recent weeks a lot of Australian based producers have seen their share prices post significant gains which in one part will be due to the increased margins resulting from a falling Australian dollar. It is worth noting that over the last 6 months the Brazilian Real has fallen even further against the US dollar than the Australian dollar thus generating even greater margin expansion ...' The Dynasty financing came as a surprise, it likely makes sense as now they can go ahead on Jerusalem and others without waiting for Zaruma cash flow ... but it will hold the share back to some degree, until it closes ... thought about taking profit and rolling into immediate movers, didn't though because you never know