ROL has a great chance of getting to $3 or so, short term. SP is right, ROL needs to go up a lot to get the TRF price going up a little.
However TRF could offload even half their stake in ROL at around $3 and cash in $10mill. I am sure the brokers could find buyers for TRF for a off market transfer after the next ROL results.
This mean TRF does not get diluted when they put their money into the next capital raising for IFE. If IFE need about $15mill to get things going, then TRF can maintain their 50% stake in IFE while the other $7.5mill needed to be raised by IFE will become easier and probably oversubscribed.
It is more beneficial to TRF to ensure the IFE project goes into production soon, than trying to keep all their ROL shares for small increases in their share price.
TRF Price at posting:
51.5¢ Sentiment: LT Buy Disclosure: Held
