potential to explode ...

I'll just comment on TRF's investment in ROL. It is early days, but indications are that ROL just could be onto something that turns out to be seriously, seriously big. That could absolutely rocket by hundreds of per cent the tightly held ROL share price. If so that will have massive implications for the TRF share price.

And that's completely ignoring everything else about TRF.
In fact, if the TRF share price continues to zoom away from the IFE share price you might even find TRF taking over the IFE shares TRF does not own via a scrip issue (in my opinion of course!)