Not sure what the TRF cap raising has to do with IFE here. TRF simply need the capital since they have supported option conversions and placements in both ROL and TRF in recent months and need to pay their own admin and project costs. The sale of ROL shares went to ROL shareholders not the company so no cash was received there.
Regarding the jv, if the net (minus contract absorbed costs) project capital costs are say A$10M, IFE will pick up the tab for TRF's A$2M and from there the operational costs are split as in a normal jv.
Apart from the BFS update next month suspect there maybe a few broker reports over the next few weeks and months that may link possible rises in iron ore prices with the next group of asx listed iron producers, inc IFE.
Not sure what the TRF cap raising has to do with IFE here. TRF...
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Mkt cap ! $14.79M | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
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