I agree with the fact that TRF have made an absolute howler of a decision. It would have been far better for TRF to maintain 100% interest and develop the project. TRF still could have enticed Mr. Hellsten and Co. to join TRF. The market has had fair amount of time to adjust to the fact that TRF effectively maintain majority interest in Wilcherry Hill - however they are not getting the credit they deserve. It will probably never happen.
Today's announcement wreaks of desperation. Unless TRF is dramatically revalued over-night then TRF have made a mistake. Mr. Finch and Co. probably wish Lynas find would open up and swallow them whole.
TRF Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
