IKN

Last night’s action is not included in the TRY.ax line.

Let’s see how things progress (after all, gold just popped $15), but last night’s action in the Troy Resources main Australian listing (TRY.ax) points to weakness in the Canadian stock today.

Troy Australia dumped 7.75% overnight to finish at A$1.01. Once the current forex calculation is factored in (C$1=A$1.18), this points to a Canadian dollar price of C$0.85. The Canadian stock does tend to trade slightly above the Australian, so perhaps a price of $0.88 is makeable today.

THIS WOULD BE A GREAT ENTRY POINT TO THE STOCK. As those of you (28 people and counting) who bought the $10 NOBS report on Troy Resources note, the strong fundamentals and underlying value of the stock with gold at its current level is clear. The report is still available by the way. Click on this link to find out more.

No matter; if TRY.to goes under $0.90 today I’m a buyer, as that is the kind of entry point that I’ve been waiting for patiently. DYODD, dude.