re: Ann: Trafford cashes up for aggressive ex... **shaking head...

re: Ann: Trafford cashes up for aggressive ex... **shaking head in disbelief**

Reading between the lines its clearly TRF are short of funds.

The current shareprice is too dishevelled for a capital raising so we reduce our holding in the best asset 3 or 4 months prior to it announcing a, shaping up to be significant, maiden JORC???

Would it be mad to assume a rerating of ROL may occur once this is achieved? (it has, in the least, bounced off long term support 3 times in the past year. The same cannot be said for TRF shares)

Therefore would it not of benefit to then be a seller?

Are the drill results from Wilcherry Hill and Telephone Dam anywhere near the significance of what ROL has obtained.? NO!.

A couple of months ago we were told we were heading to Africa.!!

Now its Woomera?

I'd be less incredulous if the statement was that the $4mill raised is entirely to help push IFE's requirements along to get ore on a barge more rapidly.(particularly as IFE still has a financing issue to attend to)

I'm sorry, i just don't get it.