have they sold enough yet..?, page-12

Short term the most likely effect on the SP that we know about will be ROL.

1) Results pending in the next few weeks.
2) Dilution due to ROLs upcoming cap rasing.

Both are positive, even if we dont participate cap raise it just means more drilling.
If anyone has read/seen ROL recent presentation one has to be confident about TRF's investment.

The way I see it ROL wont be targeting the sweet spots of that island until much later in the game. Otherwise they are likely to be T/O far to early for shareholders to realize full value.

Anyway would be a good thing if they took it slow, with a bit of luck ROL might a find a JV partner a 2-3 years down the track (TRF and IFE lol) to mine that island.

Getting of my hallucinogens now.