there seems to be a view the TRF is on its last legs. The sale volume has been small to say the least and it seems that those nervous nellis have caused some to sell. However, the majority, have not sold or intend to sell as the potential is their and once the drilling starts should put a shine on TRF.
And yes it is a shame that it has not stayed at the $1.50 mark, but everything is on paper at the moment.
My advice is that IFE will float at a premuim given that it was oversubscribed and the general public missed out. Not only that there has been little press coverage on TRF or the IFE float. and the HC is only a small element in the overall investing field.
IFe is fully funded for its drilling. Many of the other iron ore hopefuls, need to raise the monies to fund the drilling, they are talking about the potential reserves based on analysis but IFE will be drilling to prove.
just needs news of a sale agreement for the output or an announcement that it is also thinking about pig iron which isnt a bad option.
all stations are go on IFe and indirectly TRF. Ive got my ticket, just need TRF to get renoticed.
TRF Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
