trf can seizethe moment

With all the talk going on about Rio and BHP and the consolidation of the mining companies, seems to have taken away interest in the small miners. TRF is one of those. With the proposed Ironclad float TRF has to be a prime target for either the chinese or korean steel makers. While the proven reserve is 44m is small in comparison to Rio or BHPs reserve it nevertheless is a very attractive propostion for any of the steel makers to first sign up the output, but more importantly get a equity interest in its supplier. This equity will allow the float to occur fully subscribed.

It seems that some doubt or lack of confidence has crept into TRF share price in recent weeks and as a result people have sold out and have pushed the price down. While volume has been minor and the current share sales may reflect 'games', the fundementals of the stock have not chnaged. The only thing that has changed is the lack of news on the progress of ironclad or its other resources has.

The Zinifex JV is something that has slipped off the radar as have its other prospects.

For all those a bit concerned remember TRF is holding proven reserves, is in negotiations for the float of Ironclad, holds all the strings to maximise the benefit of shareholders. and this is only one aspect of TRF

It is only a matter of time before an announcement is made regarding Ironclad that will confirm the fundementals that many of you here on HC understand and have tried to convey.

At $2, TRF was a good bet, at $1.20 it is even better.