Denroyd, Management of this company are not cowboys so they would not deliberately set up a pump and dump situation.
They have always been conservative in their reporting but obviously are excited by the prospects they have.
OZL would not give them $4.5mill to spend on exploration as they wish, if they were not trusted or respected in the industry.
A speeding ticket sometimes does not help momentum of price but if you noticed before 4pm there was another 50k buy at 65c who has taken it off after 4.10pm. Yesterday there was 100k buyer at 54c who was not there this morning. You will find that the big buyers will try their best not to push the price to far ahead as there is limited stock for sale. So they will pop in and pop out as the situation requires at the time.
Like all stocks it may pull back a little after a good run but I have no fears that it will not capitulate in the short to medium term.
TRF Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
