TRF 0.00% 1.9¢ trafford resources limited

Ann: Share Purchase Plan and Bonus Option Offer , page-8

  1. 246 Posts.
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    re: Ann: Share Purchase Plan and Bonus Option... Hi,all,MIO! My concerns are,unfortunately,being vindicated.Junior explorers like TRF cannot ,particularly in times such as these,afford to become too ambitious. None of the targets look that impressive so none of them could be J.Ved. (at least to an explorer with sufficient capital at this time) IMO the TRF exploration dollar is unlikely to yield a return to the long suffering share holder in the foreseeable future. Not too enthusiastic over the tin prospect, it's potentially likely to wipe TRF out even if the resultant exploration is moderately successful. In fact the worst scenario would be if the exploration were moderately successful because it would amplify the difficult decision of if, or when, to quit.Tin emplacements are fickle,tin is notorious for the lengthy lead-up time before mining commences and for the density of drill holes required to prove up the deposit, a junior explorers worst nightmare. Undercapitalised and unloved by the market, inspite of IF's occasional bullish statements, TRF is in dire straits. MIO the only folk to benefit from TRF are the hierarchy whose salaries exceed the cash outlaid in the CR! In this illiquid market how can one sell? BOLTA!
 
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