Its not often a share appreciates as quickly as TRS has and still looks cheap. I'm sure it will bounce around but its increasingly difficult to see this stopping in single figures.
I ran a screen on the top 300. I understand these index's are based on the free float so I ran it on this basis, however based on my quick review, it looks like TRS would need to get to a mkt cap of about $360m to be included in the ASX 300. This equates to about $12.50 so there is still a fair way to go. Nonetheless, never underestimate the power of a return to positive sentiment. This could surprise us all in the coming months so selling now would be a mistake in my view - as Peter Lynch says, don't cut the flowers and water the weeds.
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