Wednesday

Long Australia 200

Post a Comment June 17, 2009 – 2:48 am |   | Permalink |  Print This Post |

Opened a long Australia 200 at 3891 $5/point. We look to load up on 2000 units of Troy Resources (TRY.AX Yahoo Finance code) at 1.35. Cash/gold bullion backing of 64 million, 69 million shares outstanding - in production. At 1.35, market capitalization would be 93 million. We do have some Troy in our personal portfolio but look to increase our holding if this pullback takes it closer to its cash backing. Overall a well run company which should do well if gold takes off.