I dont thinks its necessarily that Ian puts his foot in his mouth, I think its more he (or the company) dont say anything at all.
The buy side has collapsed, although IFE is holding up nicely. TRF has nothing. There is clearly a (or a number of bigger sellers) out there wanting to get out. I will continue to hold but I am frustrated as to why no news at all.
There are a number of major questions that need answering
1) How many IFE shares are they going to take and whats going to happen to the rest they are entitled to. 2) whats happening with Gold, after all TRF was founded as a gold company 3) what plans do they (TRF) have in place for exploration/mining this year with timescales
Look mining is a business that you need to be patient and IFE are on the cusp of mining which will bring an income stream into TRF, but what are their (TRF) plans no one knows and IMO thats why the SP is where it is.
Anyone would like to disagree/agree
TRF Price at posting:
40.0¢ Sentiment: Hold Disclosure: Held
