Well I was hoping that IFE could bring some cash to the table, but the current quarterly really has it at 0 (being a balance approx equal to loans). So it would need a very healthy R&D rebate + Barge sale.
Only other thing is that IFE was insolvent, would be hard for TRF to ever realise any future benefit, and unravelling 20% free carries (yes of nothing) and all other commodities (ie gold credits/manganese) that are on those tenements, would be nigh on impossible.
So although not ideal, i still think its better for TRF/IFE to merge than not .... but IFE must bring cash to the the deal.
TRF Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
