Nothing too new in the material that was shown. The FNN item yesterday probably had about the same level of substanance - but without the presentation.
He did call out results from Death Adder probably 6-8 weeks away and that contracts just to be signed to start drilling over at Peterlumbo.
Also that BHP, RIO and FMG have expanded their tennements in SA so theres plenty of exploration / discoveries to come from the region.
Nothing that I can see that would defend the SP in the short term.
Spoke to him (IF) before the event began.
Also spoke to Mark Le Grange (Director of Exploration) after the event.
I continue to believe in the potential of TRF, but we really need to see IFE get up and going and the money start to flow back to TRF. Believe it will happen but more waiting for now.
No point in selling at this stage.
TRF Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
