Just some dumping from profit takers from the Renounceable Offer... To be expected from day to day. I am super heavy in TRF now relative to other small cap's as it such a HUGE bargain. Great management with great assets... Our time will come.
Now even taking into a sell off in equities (Not GFC2 type) should not have a huge affect on this play. I think we pretty comfortable in stating low to mid 50s is a bottom. As sellers from 50c sell up- ST players.
Just normal many will take some profits off the table. I will not until the true value has been exceeded, so I am here for several months to come. Probably indefinately as management proves themselves as Mid Cap producers in the future. They have the ability and the assets, now we just need it all to work out in the ST preferably.
No delays or hold ups will be great- I believe this team can do it. Delays and not a true belief in the companies potential is heavily priced into this stock.
Also relative to IFE and ROL it WAY under priced... I been saying it for months yet IFE is still outperforming on very low volume. The market will see the true puppet masters and all contracts benefiting TRF far better in terms of value and expenditure in time.
Good luck holders. Hopefully the selling from the 50c buyers will finish in the next couple of weeks. A good progress report with no delays would be appreciated to never see the 50s ever again.
One major write up from Fin review, Australian or top brokerage firm will also do the trick. IMO- DYOR
TRF Price at posting:
56.5¢ Sentiment: Buy Disclosure: Held