I've been trying to get into Troy Resources Ltd (TRY) for about a month now, its just been chasing me up and down. Had a partial fill of 2 shares! When I saw Gold break through 1600 AUD, and the CAD broke a key level relative to the USD, i had 2 shares bought on a partial fill of order. Faced with the mokery of letting it get away and being left with $9 worth of shares (and paying 19.95 brokerage on top) so to make back my money TRY would have to reach $24.50 per share 546% gain from current SP.... I panic bought. I broke my rule of chasing the price - NEVER BREAK YOUR OWN RULES! It will back down to 4.30 and ill have to laugh at myself and run round the pool table with my pants down.... I comfort myself by saying... "well, if your going to chase the price and break your own rule, at least its paying a 2.x% dividend and it mines gold"
Interesting looking chart. Think you'd be lucky to get if much cheaper unless gold breaks downward again. A move higher in gold could see it break out of that consolidation.
As encouraging as all this is - rules are rules My philosophy is - you get what you get and you miss what you miss Hiho has a pic that says - buy now or cry later.... I think thats what tipped me over the edge to alter my order price and fill the rest - i dont want to miss TRY if/when it breaks out.
I managed to get a good entry at 3.60 in july last year. Not often that happens for me. Still holding and view it as a longer term than some of the more speculative juniors. It has made a good habit of always paying a dividend too, which I like.
Good call... I've been momentum trading in & out of TRY for the last year - great company well-run. Also have a look at Chesser & their Kestanerlik project - sitting on a massive resource... mind glowingly huge in fact, and they own all of it... Tiddlers like MYG & BSR as spec plays float my canoe too... x
That stuff about P/E multiples is very seldom considered/understood by many here. Important point to bring out. I believe bull market fundamentals usually bring out ratios of 25 times earning and over for stocks.... The gold miners (Mid-large cap producers) are due to put in a double at least. If a company isnt producing, its not earning and has no P/E. If a company isnt producing, but has productiong due to start within a year - they will have a P/E Thats why the non-earners are staying down, the soon-to-be producers are just picking up, and the producers are already back to early May 2012 numbers
Try is taking a hammering, presumably on sovereign risk in Argentina. Still, I don't see nationalisation as being likely, and I'm considering toping up at these prices. Down another 0.18 to 2.60 today........
Yeah I agree, Usually 90m shares in a company like this is great on the upside, But the lack of liquidity makes it tough on the downside, they fell so fast. I do wish TRY would get bizzy increasing their resource & reserves They do get their ounces cheap though, and they pay divs. Hopefully it finds support here
