re: Ann: Non-Renounceable Rights Issue for St... SP,
It appears that TRF will be putting more into IFE which is great, but it does not not leave much cash for TRF to look after their own tenements. I need to check cash in bank for TRF.
I am suprised only $2.6mill is required to get the PFS and resource finalised. One thing it shows, that IFE do not want to dilute this stock at all, and will wait for the price to get well over a $1 before getting further money needed for production.
I would say we are going to get good ann. soon to get the price over 65c to ensure shareholders take up the issue.
A nice flag on low volume has formed, and if it breaks up and closes over 65c tomorrow then $1.25 is my next price target in the next month.
Ann: Non-Renounceable Rights Issue for Stage 1 Pr, page-3
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