iron ore financing deal must be near, page-74

Thad,

I like your quiet confidence . . . and I certainly hope you are correct.

But as all have stated the continuing delays and the plummeting share price have been enormously draining on any enthusiasm.

There are very few buyers brave enough to venture into these shares given the dismal performance to date. Sadly the Australian government has not made life easy for any resource company to thrive in recent years . . . or even survive. Hopefully that environment is changing. But my fear is that TRF/IFE will run out of shareholder funds before they can realise any of the potential value that we all hope is there.

Time will tell.