take out trf's exposure to ife and there is little left apart from ogx imo. you decide but for me, both trf and ife have such an uphill task that not even a port is going to help them very much now.
economic landscape is going against iron ore and gold.
imo, i'd rather expect both companies might consider changing over to the next new wave of fashionable investments when it arrives.
ted's been quietly advised that the next fashionable gravy train to erupt and take all our dough will be self cleaning nappies.
watch this space.
trf 5 cents and ife 5 cents. that's my guess now. gees, i hope there is enough for the redundancies.
reminds me. shane sadler, founding director of trf resigned some time back and only after he quit, did he sell his very large (circa 2 million from memory and so now a non disclosable holding) so we only knew mths later when the report came out. SICK ! wayne richards went with immediate effect and ken helston (name error here ?) went. when the top boys went we should have all be far more questionable.
there was a very good try by gozz and co to bring the questions to the fore but alas we all failed here. not enough support either.
i won't mention all the fiddling of options etc.
trust these directors with your money ? better bets elsewhere.
sad to see this one, just like many others, get away with lack of asx and asic controls. asx and asic imo don't give a toss.
my 500 shares still held. i never know when i will be short of scrap paper.
those reports will come in handy then 40 ? yep, ted, they sure will.
be good,
40.
TRF Price at posting:
10.0¢ Sentiment: ST Sell Disclosure: Held
