It is not fair to say why they did not sell at the top of the market. It was only for a couple of months that it hovered around the $2 mark. Since June, ROL has been in a range of $1.20 to $1.50. So $1.40 is more than a fair price. What will you say if ROL falls to $1 due to a worldwide crisis?
Also they are not in the business of share trading nor do they have a crystal ball to pick the top. Once they have better use of their money that is when they make an investment decision to cash in and put it elsewhere. That time is now.
If they put some more money in IFE, it should give the market a good indication of what the biggest shareholder thinks of the IFE project.
They still have money now, plus this extra cash puts them in a great position to really explore Wilcherry Hill in a very quick manner. This will be a very exciting company in 2012 with plenty of drill results coming our way.
TRF Price at posting:
33.5¢ Sentiment: LT Buy Disclosure: Held
