TRF 0.00% 1.9¢ trafford resources limited

As far as I can remember what happened in the middle of the year...

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  1. 202 Posts.
    As far as I can remember what happened in the middle of the year was the resource tax was announced, the Chinese deal fell in a hole due to this uncertainty (much to the delight of many IFE holders). And a capital raising of 3.75million dollars at 50c a share was offered to current (back then) shareholders with a bonus option thrown in. This money was used to continue the iron ore DFS and to progress the gold feasibility studies. yes there was quite a shortfall (which was subsequently placed). yes the GM resigned due to personal reasons...what ever they maybe.

    obviously these issues don't help the company grow. but I was happy with how management handled them and i have seen many other small caps handle these sort of issues a LOT worse.

    At the end of the day theres limited shares out there, dilution has been kept to a minimum which is a big positive and everyday that goes by is a day closer to production.

    Obviously the sooner the DFS is out, the gold results are out, gold processing plans announced, funding details announced and any other TRF only news that could eventuate the better.

    In the meantime the more Ian can get the headline numbers out there the better. The numbers are what will move the share price...one day.

    as far as your comment on my type of affection, I don't consider keeping dilution to a minimum over many years, keeping capital costs to a minimum by rolling up front costs into ongoing contract costs for the first year or two and overcoming the transport/infrastructure issues as amateurish by TRF management.

    One thing we can all agree on is this thing definitely looks cheap and the sooner the share pirce reflects the potential the better. I think this will only happen after the FUNDING has been announced/cleared.
 
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