trf is pulling the ife strings imo ..., page-18

Litch I have sold but only because there are better IMO opportunities on the ASX now, and of course I could be reading things wrongly with what has happened today. I guess from the outside it is easy to underestimate how hard it is to get someone to give an unproven junior $35M......obviously beyond any contractors capacity to do so and that may itself give a clue that there isn't quite as much DSO ore as they thought to justify a $35M capex investment, ie the payback period was too short.

I started buying IFE last November at 35c on breakout to add to earlier holdings bought mid-2008 at 68c, and have averaged up throughout at strategic times. I thought it best to secure the gain today selling on open and am very happy with the overall result actually, and yet at the same time disappointed that a further great gain this year looks uncertain now.