approves port development, page-8

Three months ago TRF surged to 21c - why? Here we have some tangible progress and no one wants to know. Is the market in worse shape than in September - I don't think so. Is the iron ore price worse - I don't think so. Is the exchange rate worse - I don't think so, not significantly anyway. So why the rise in September but flop now? Possibly, as Thadius suggests, a desperate seller unloading, but surely more punters should be keen to buy in now. Unfortunately it's all about making a profit, which is still many months away for TRF. In 2006/7 we'd be sitting at $1+ on the back of news such as today's. Ah, those were the days...