Another stock of mine trafford [trf] has recently announced that...

Another stock of mine trafford [trf] has recently announced that it is spinning off its iron ore assets in South Australia into a seperate ipo.

It intends to raise 20mn issuing 20mn shares at $1

It will retain a 50% free carries interest in the projects, aswell as holding a 50% share in the new IPO.

OMG that is ingenous. It still retains 75% of the project and raises $20mn to fund it.


Imagine if YML did the same thing.

TRF assets are also at a far lower grade [grading 35%]

YML's Marillana project will have AT LEAST 30mn tonnes grading 57%.

If management were to follow traffords lead, they could hold off the Chinese whilst retaining a 75% stake in the projects whilst receinving enough equity capital to fund almost all of the entire exploration.

If management follow this lead, YML will be worth $2+ straight away.


I wonder if management and David Burt have thought about this.

They seem to be extemely switched on so im sure they have.

Hope so anyway