I am liking to snap up the little sells downs from small investors... patience is a vitue. Some are not willing to wait any longer. I am bullish going forward that Ian will get Port access confirmed and shipping all sorted out. Also he will make his profitability targets very easy to understand going forward...
We are currently unloved thus the best time to buy... yet they are nothing buys. Accummulating bit by bit very slowing. I do believe we will have a clear and concise DFS going forward. As I have discussed this many times with Ian and he knows what we are looking for.
Get the Ore on the ship at the best possible price and in the fastest possible manner... get onto it. Get the miners camp made now- get the Cap raising out of the way.
The 15K max on coming cap raising in Jan\Feb is bs... it is highly probable that we will get a good discount based on current holdings like before. In other words if you hold 100K shares you will be eligible for 20K shares at the discount. What the SPP will be is debatable after the next roadshow and interest gained by Ian in the project.
All in all 30 Mil investment is little for a return of 50-100M ++ in coming years. It is an easy sell to an insto... yet Ian wary that selling to an insto for discount will mean a gap down in ST... so are the Instos!
I am counting on a great discloser report with the DFS and a great roadshow from Ian. We have had short term pain what will probably be long term gain IMO.
DFS coming next week as reported by Ian yet he also did say 2nd Dec... but many getting sick and tired of waiting so it must come around 13th as reported IMO.
Anyway I will pick up those who sell down under 85c IFE 42c TRF... great risk reward buying IMO. Plus entitled to more shares when Cap Raise comes... yet wish he couls slash the 30 Mil down to 25Mil. As reported to me it was to cost 22-25m for a great return in the Ore project.
15 Mil from each IFE\TRF is a large ask yet we approaching end game in becoming a High quality Ore producer. Any instos that step up may be rewarded very handsomely IMO. As the project worth approx. 300 Mil when in production... more as JORC increases.
IMO- DYOR
Cheers JAY
TRF Price at posting:
42.5¢ Sentiment: LT Buy Disclosure: Held