http://www.steelguru.com/raw_material_news/IronClad_Mining_to_raise_AUD_11_million_for_Wilcherry_Hill/199155.html
The link provided above is a piece from early April 2011 and is a nice reminder that TRF did not accept its entitlement in the last capital raising (of about 5 million shares). Now however our erstwhile Chairman wants to put his hand out for a hand-out, get his cake, eat it, and no doubt leave the table before the bill turns up!
In only a month we have gone from a market expectation of first shipment by the end of the year to requests for performance rewards up until the start of April. Time, it seems does change everything...
Okay - in an attempt to be positive I still see some great gains to be made when the ore gets shipped, but we all deserve a little more transparency and an update to the timeline of objectives. Phase 2, 3, etc.
time changes everything?
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