Short term based on what appears to be sentiment and no real clarity on how TRF is aiming to participate in the IFE capital raising (Im not expecting them to participate, but what is the 15% extra share allocated at the AGM about?), along with the delay to IFE actually mining this is entirely possible.
In the long run, once IFE becomes a producer it will be higher than it is today.
Theres a feeling of risk in the air, whether its real or not, and short term money is set to leave.
Rightly or wrongly I'll hold for the long term. (I dont want to sell because if/when it picks up, to sell and buy back would lose me the 50% captial gain relief, and may miss it when it runs up, should it do so)
This will either end up being the best (investement) desicion I made or the worst.
For now Im going to sit back, relax and enjoy Christmas.
TRF Price at posting:
40.0¢ Sentiment: LT Buy Disclosure: Held