Does anyone else interpret the comments about the drilling activities (that we were told in mid-Jan were commenced) have now started now that they have a drill? I found it a little confusing as to what had happened, or would happen.
Whatever the case I wonder too if TRF get their 20pct of iron ore sales via IFE as each ship load is sold or settled at the end of finacial year when the books are done or when? If it is the former then the ramp up of cash flow will do TRF a world of good.
TRF Price at posting:
33.5¢ Sentiment: LT Buy Disclosure: Held
