Very quiet in here. Must have been obvious to managemnet that the SPP at 7 was never going to be attractive when the shares can be bought in the 5's. I was certainly not going to take up any of my entitlement but will now reserve judgment until the news on tin is available. The fact that management think the tin results will have an influence is alittle bit positive I suppose. It doesn't look as though IFE can get into production with Fe price well below $100/t. Hence TRF has to be valued on its other assets such as they are. OGX striking the mother lode in the next 14 days would help ! My bottom drawer is almost full...
TRF Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held
