re: Ann: Trafford cashes up for aggressive ex... **shaking head in disbelief**
Reading between the lines its clearly TRF are short of funds.
The current shareprice is too dishevelled for a capital raising so we reduce our holding in the best asset 3 or 4 months prior to it announcing a, shaping up to be significant, maiden JORC???
Would it be mad to assume a rerating of ROL may occur once this is achieved? (it has, in the least, bounced off long term support 3 times in the past year. The same cannot be said for TRF shares)
Therefore would it not of benefit to then be a seller?
Are the drill results from Wilcherry Hill and Telephone Dam anywhere near the significance of what ROL has obtained.? NO!.
A couple of months ago we were told we were heading to Africa.!!
Now its Woomera?
I'd be less incredulous if the statement was that the $4mill raised is entirely to help push IFE's requirements along to get ore on a barge more rapidly.(particularly as IFE still has a financing issue to attend to)
I'm sorry, i just don't get it.
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