if 40 was finchy he'd be looking quietly at sensible funding for ife and move on with better management.
not finchy managing the mine to sale stuff that is.
if appropriate and sensible funding for ife is not available put it up for sale. no ifs and buts
trf will then move forward.
share price going up or down for trf or ife is not in 40's control but there is sound value in trf. as for ife, it has value, as per the two options above.
as the parrot said, look at the price and judge whether the mkt has it right and it's going down down down or the mkt has it wrong. imho this is a classic case of the mkt jitters and value can be achieved from both companies.
50 million now to save the project will be peanuts 5-10 yrs out.
common sense tells me that.
IN 40'S OPINION FROM YRS IN THE MKTS AND FOR ALL ONE'S BELIEF, NEVER CHASE A STOCK. HAVE SOME AND BE SATISFIED. IF IT DOES OK THEN GREAT. IF NOT THEN HAVE ANOTHER STOCK IN THE STABLE. BOTH HORSES RARELY WIN THE SAME RACE. if you get the jist.
i will be with trf until everything is under control. my few ife are ready for sale but will not be pushed out. my other stocks will hopefully ride out my portfolio to new highs. diversification is very important. some do well and others don't.
teddy bear picnics are not always what they seem to be. i know first hand from my dear ole' mate.
be good,
40.
TYX Price at posting:
42.0¢ Sentiment: Hold Disclosure: Held
