I put the fall in the trf share price down to the extended time frame for ife to go into production.
On top of this the middle east is becoming a major headache affecting many stocks...many will simply see the falls in better placed stocks as a better opportunity with a shorter time frame to recovery as they are already producers or close to becoming producers...all about cash flow or how far off cash flow is.....
Furthurmore its march...in april we start to see many exit ahead of the end of the financial year.....given the problems in the middle east,rising oil prices and the obvious potential for inflation to get out of control its no surprise many will exit stocks that are so far off becoming producers with positive cash flow.
Others will have no choice but to sell non performers...some will still sell at profits as they may have bought in below 20c or even at 10c.....cash in the bank to cover calls....to buy more immediate performers that have dropped back......
Ian can only set the company on a course to a solid future,its not really a directors job to get the share price up....companies hire pr people to do that...and I really don't think trf can afford to spend money on pr people at this stage...... On the flip side its not a directors job to make comments that will push a share price down...but it is his job to make sure the company is always in a state of full disclosure
Its a difficult position especially when the director is also a major shareholder....so what he says or does not say will also affect his wealth not just that of shareholders......
I personally do expect it to fall close to the 30c mark....which given how low volume sales push it down it is an easy achieve...the converse is equally easy......
This also affects my wealth.....but i've been in it forever...made good profits at times...and now close to the holy grail....I just have to sit it out and wait for Ian to deliver me my rewards ...he has my addresss....like he has yours.... haha good luck.....
TRF Price at posting:
39.5¢ Sentiment: None Disclosure: Held
