Every Junior Iron Ore company which has signed off on Feasibility studies and arranged Financing news has had a large rerating in the SP. Final Financing news is always the big clincher for any junior. It sends a loud and clear message to the market, a miner is going from junior to explorer in a relatively short time frame with available cash to fund business activities. Then we get some good media coverage straight away in the AFR, SMH, etc. Also I wouldn't be surprised if substantial shareholders start coming onto the register thereafter in the near term. Will the Chinese turn up as passive investors? Questions to be raised.
We also await further possible upgrade of DSO news and Manganese drilling results between Feb-May.
The Gold price continues to climb up, let's see what this upcoming OGX announcement can do the TRF SP in the short term..
Major news is coming in Feb-March. Be patient.
TRF Price at posting:
10.0¢ Sentiment: LT Buy Disclosure: Held
