Trafford 2 Company Making events to drive the SP up in the short term, with new Rerating.
a) Further high grades at Kimba >2-3%+.The Tin Price could rally from here with further tightening of supply worldwide.
b) Further high grade assay results with pending results from Orinoco Gold OGX Rerating of TRF 19% holding (around 11 million shares) Pre CR. Eg 11 million shares @ $1 value represents TRF's holding to $11 million. We await for the the Cap Rasing to see how small their holding will be diluted down to. High grades will only strengthen TRF's Balance Sheet even further, under Financial investments Non Current Assets allocation. This alone could be the catalyst to drive the SP even further from $200,000 holding last financial year in the annual report.
Andean Resources went from 15c to $7 a few years back, when they proved up massive grades of Gold and Silver, only to be taken over by Glengold. As such the fundamentals look very strong. Further high grades will strengthen the SP. Similarly if the results misses expectations, the SP drops..
A wait and see moment..
TRF Price at posting:
14.5¢ Sentiment: LT Buy Disclosure: Held
