By the way, while people are raising issues here, has anyone given consideration to how and why IFE was floated in the first place?
It turned out to be of no benefit to TRF shareholders imo as they were not even given a guranteed pro rata entitlement to IFE shares.
TRF would have had no problems raising funds needed as TRF shares were flying at a time when iron ore stocks were hot and TRF was releasing bullish news about Wilcherry Hill.
All we ended up with imo was a double layer of Management and a double layer of Management expenses when TRF was not overly active in its own right plus TRF shareholders had their interests in Wilcherry Hill diluted.
has anyone had a reply?, page-21
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