"So they might have some amazing hits of precious metals but with this company it doesn't really count for a thing because cashflow will dry up and how will they fund anything?"
Thats what they were saying with SIR at 22c. They did a number of Oversubsribed placements from Instutions, along the way at around $.80c-$1.20 mark after proving one of best mineable deposits in years. SIR never looked back.
Scenario 2, they may even get funding from the US debt equity market. Access to funds in the US is very cheap at the moment.
Happy to be on board the TRF train at 10c. Sorry to hear you caught out at higher prices, but hey 10c is the absolute bottom. Let the Diamond drill bit do the talking, in the next few weeks. Looking forward to seeing these results, from OGX and TRF. Yes this is speculative, but hey Im very happy to be onboard. The outlook for Iron Ore is positive, and China is expected to grow to 8% GDP next year, maybe there will be a big IFE-TRF regarding final approval announcement regarding this in the next few weeks..
Huge grades of precious metals are here at very shallow depths. TRF just have to prove up and delineate the deposit. Enjoy the weekend.
TRF Price at posting:
10.0¢ Sentiment: LT Buy Disclosure: Held
