Well 5 months on and not alot to report other than a further 25% reduction in market cap.!!
We seem to have (possibly momentarily) u-turned on an African adventures in Favour of Woomera.
Port Adelaide for IFE also seemingly couldn't work and now we are "all in" on a Lucky Bay argy bargy option.
Could anyone with knowledge please give an indication on how environmental agencies view the anchoring of large ships in Harbours with product barged out to them? Is this a common occurance?
With ROL a few months away from a maiden JORC resource on a small section of results to date i find myself wondering if TRF would have significantly more market value if it had sold off IFE in full and retained its full stake in ROL.
Ohh and the following from ASX release dated 29/6/2010 is a beauty... :-) :-)
""The Directors of Trafford Resources Limited (ASX: TFR) advise that the Company is preparing for commercial gold production from the Weednanna prospect at Wilcherry Hill, South Australia as its subsidiary Company IronClad Mining Limited (ASX:IFE) prepares to begin mining high grade crystalline magnetite there in approximately six months time.""
TRF Price at posting:
29.0¢ Sentiment: None Disclosure: Held
