re: Ann: Trafford cashes up for aggressive ex... >>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???<<
Obviously discussed in detail... would have been a very hard decision IMO. Options of raising for explore...put explore on hold or sell off some assets for exploration now rather than later.
Time will tell which was the better move.
Also to say they should have sold ROL at $2 is like stating they had a crystal ball. Who was to know anything of this correction except the continuous Guessing games by supposed experts.
Either way risk reward wise we have a company on track for substantial gains in free riding Iron Ore and owns 40% odd of IFE... These assets alone worth far more than current SP.
It has been painful yet LTers shall be rewarded greatly IMO. Holding for near 18 months so it been a rocky ride.
Cheers
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