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Business Description: Troy Resources Limited (TRY, formerly Troy Resources NL) is a gold producer which has two producing gold operations; Andorinhas mine in Para State, Brazil and the Casposo gold and silver mine, in San Juan province, Argentina.
Strategy Analysis: TRY is aiming to become a significant profitable mid tier gold producer with a portfolio of quality long life assets. TRY are also focused on; growing annual gold production and reserves, strategic merger and acquisitions, an aggressive exploration program and fast tracking gold field development. .
Troy Resources reported NPAT up 27% to $13.54m for the half-year ended 31 December 2012. Revenues from ordinary activities were $108.93m, up 23% from the same period last year. Diluted EPS was 14.8 cents compared to 11.9 cents last year. Net operating cash flow was $30.6m compared to $22.18m last year. No dividend was declared.
The Age 20/06/2013 |
Pre-split trading of shares in "New Newscorp," the print media-heavy spin-out from News Corp began quietly on Wednesday, and it will take a while to work out where the new vehicle is headed.
The Age 20/06/2013 |
Local councils that lost millions on investments made through Lehman Brothers have suffered a major setback, after the US arm of the failed bank blocked a deal that would have delivered the investors up to $210 million.
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