finance, page-7

from the financials today, imo, ife will imo make it through.

the sale of the barge will help. cash on hand looks fair but the offtakes look likely to happen as far as i am concerned. only time will tell. so for me, ife will get cracking and lift us all out of the doldrums, eventually.

if ife gets moving then trf will hang on the coat tails and if need be have another bally rights 'on the promise of cash from ife' to keep it alive.

cash flow from ife is what's so important. nought else matters unless trf has an idea to float off some of it's chance assets into another company in order to raise a bit of cash. who's thinking what ?

trf raised 450k recently and it looks as though that was a lifeline, if ever there was one. very convenient but we do not know where the money came from, do we ? trf's breathing just, so chance of survival yet. not that i am thinking of traffords demise just yet. imo, OGX will raise b all in this enviroment. trf has nothing to put into ife if there is a want there.

so it's down to the wire.

assets yes, but very importantly, a deal to start the race running. a nice takeoff agreement imo will be the trigger here. ife has iron ore but not enough dough. a decent deal to suit everyone keeps ife independent. that smells good.

hope is not lost.

not yet.

turn the share price graphs upside down ted.

ahhhhhhh, that's better.

take care,

40.