TRF 0.00% 1.9¢ trafford resources limited

Ann: Rights Issue Closure , page-4

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  1. 415 Posts.
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    You are starting to think like them now Jonesy. I am with you; they almost certainly have takers for the balance of the shares otherwise there would have been more effort to promote the issue. The company has been the quietest it has ever been over the last few weeks.

    I can't see how there will be any improvement in the SP until either IFE gets into production and provides cash flow (which is not impossible with IO spot price at $120) OR drill results start showing something special. Watch and wait I think.
 
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