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1 year chart

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1 day chart

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Epic & Msn data
Epic TRY
Time: 12:21:08
Mid Price: 122.25
Change Today: -0.50 Descending
Change % Today: -0.41 Descending
Fifty Two Week High: 199.50
Fifty Two Week Low: 98.75
Market Capital: 313.85
Period & price data
Period Price
Now: 122.25
3 Months ago: 134.50
6 Months ago:
1 Year ago:
Additional information
Additional Information
Market: ASX, TSX
Sector: Gold Mining
News: Latest news
Web Site: Troy Resources
Other Articles: 09-10-2008

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Troy Resources

Troy Resources NL, dual-listed on the Australian and Toronto Stock Exchanges (code: TRY), is a junior gold producer with operations at Sandstone in Western Australia and the Andorinhas Gold project in Para State, Brazil.
Thursday, November 13, 2008

Troy Resources CEO Buys Troy shares - "Extraordinary value"

Troy Resources (ASX/TSX:TRY) CEO Mr Paul Benson has today acquired additional shares in Troy Resources in on-market purchases at 81 cents per share. 

Mr Benson indicated he believed Toronto Stock Exchange and Australian Stock Exchange listed Troy Resources was significantly undervalued at current prices. He went on to say, "my purchase of shares in Troy Resources is simply a reflection in my opinion that Troy is trading a significant discount and offers extraordinary value."

In addition he said, "Troy Resources currently has approximately 80 cents per share cash, and at these levels you are essentially getting the Andorinhas Gold Producing Mine, the Sandstone gold operation, the Andorinhas Iron Ore Reserve AND the Cobar gold processing plant (currently in storage - all for no cost."

Troy CEO Mr Benson said, "eventually, share prices will reflect underlying valuations.  Troy Resources is trading below cash backing and with operating gold mines, no debt and no hedging, I am happy to put my money where my mouth is."

Troy Resources was trading at 75 cents.

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Disclosure of Interest

Proactive Investors Australia Pty Ltd and its associates may have owned shares in the above company as at the date of the report. This position is subject to change without notice.