Well its been a several weeks now since IF told a poster they would be mining next week. If there was any basis to comment, that should be announced shortly at least. Would this week be about 3x longer than expected? That would sound about right for IFE. Unlikely big catalyst in this market though. Perhaps if they also announced some project details and a bank deal.
The difference between now and when I sold at 50cents at xmas is that at least they have raised a fair bit of cash. They were lucky they struck a bit of a market rally earlier in the year when things got bit desperate on funding side. TRF buying then attracted some of those crazy technical guys who keep saying "just look at the chart" everything is great.
Anyway, although they may need bit more cash, the cash on hand allows holders and opportunistic buyers to be fairly confident the project will be completed one way or another.
TYX Price at posting:
52.0¢ Sentiment: None Disclosure: Not Held
