re: Ann: MD Ian Finch RIU Explorers Conferenc...
Another strong reference to the 'liquid assets' in Robust and Ironclad in the context of funding expansion into Africa (TrafAf, or is it TRAFRICA). Ian then talks about the this liquid asset PLUS the cashflow from Ironclad as the source of funding this expansion. But is this not having your cake and eating it too? We can't spend the liquid asset AND the future cashflow.
I still like the story but this confusing talk about liquid assets being used for expansion must in some part explain why the SP is where it is.
SM
TRF Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
