Agree management should have waited till they had drilled other projects before spinning off their key asset and it definitely should have been on a pro rata basis. at the end of the day someone with that much industry experience shouldnt be making those sort of mistakes
at the end of the day TRF's share price now only reflects its interest in the iron ore so will move up with IFE, however TRF offers greater leverage at 60c then IFE at $1.05.
not to mention IFE about to undertake 35,000m of drilling which will not only be tested for iron but also a host of other minerals TRF has the rights over.
still the better buy imo
TRF Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held