Sadly BLOG I have to agree with everything you say. In the current IO environment there is virtually no chance of IFE raising funds to get the port facility up and running.Even if they did, it looks as though costs would exceed income. IFE was the only potential for cash-flow for TRF's further exploration. TRF must either go into hibernation (Director and other salaries slashed to a bare minimum) or look to sell some/all of its assets. I, for one, would be happy if they could realise $20m for the job lot and then wind up the company. If management continue to favour their own jobs over shareholders interests whatever value is left in the company will gradually be eroded. They (Directors) have had their chance and have proven they are incapable of getting IFE and TRF to production.
TRF Price at posting:
5.1¢ Sentiment: Hold Disclosure: Held
