Leaked news perhaps even though it is trading at a 20+% discount to holdings still.
Too heavily weighted to grab more when in the 50s... it will be nice when the 50s lower resistance level is a thing of the past.
Anyway light volume up 8% tells me an ANN around the corner.
What do others value the MC currently? I have detailed my opinion on a bi-weekly basis for a couple of months.
Should be around 80c based on current assets. No value given to 100% of the minerals (Gold) to come out of IFE land holdings.
We will here a lot more on this in future months I suspect.
Still the market playing it safe due to Rudd and Henry report I feel.
The market falling off a small cliff scared the living day lights out of most of us. This typically takes a week or 2 to calm down the nerves. 100 billion still sit on the side lines for risk adverse money that exited.
Henry report was like a dagger in the heart at the wrong time. We will not forget Rudd.
TRF Price at posting:
63.2¢ Sentiment: Buy Disclosure: Held
