i did also think it was a pump and dump, but I think that there is potential to use this strategy to weed persons who try to take advantage of the higher price and buy back at a lower price. The volume over the last week or so and the increasing share price has provided some volume of inexcess of 500,000 shares were there has been little if any on the market. The change in patern could be to put fear into some. Am surprised that the options have not been taken out as they are a cheaper entry, but then they are very illiquid to say the least.
As indicated earlier, TRF has a lot of results to come through of which i thought IFE was the first but the other drilling of TRF resources could also be forthcoming.
This is a wait and see game. Something is happening but what, I dont know.
TRF Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held