Not only did TRAFFORD RESOURCES (TRF) not bask in the glow of the IRONCLAD (IFE) listing on Wednesday, it kept on falling yesterday, and faster. The message for punters is go with the spinoff and forget the spinner-off. Trafford followed Wednesday's 10.5c fall with a further 18c to $1.10 yesterday. Ironclad itself fell a more modest 6c to $1.41, which makes Trafford's holding in the company worth about $1.02 a share. .. end quote.
Well, if its holding is worth $1.02 a share, then that leaves just 8c a share for ALL the rest. Hmmm...
TRF Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
