The 1/4ly forecasts they will have 12k left at the end of the next quarter (unless someone else can find some other way to read the Jan 2012 statement - and I know they sold some shares elsewhere for circa 6mil, but can't recall the specifics etc so they may in fact have 6.012mil instead!). HOWEVER they have a cunning plan to start drawing some income from IFE (assuming that IFE get to production in time. Perhaps there will be a few months delay in the cash flow.
In any event the half yearly report suggested that some drilling took place in January and we are all hoping that the HC claim that Ian Finch was excited by what he saw means that there was gold in dem there drills. If there was then we are laughing, if not then we sit and wait until cash flow comes in via IFE. Which will be great, don't get me wrong.
Anyway it is a good question you raise and may have something to do with why we are not at $1+ already!!!
TRF Price at posting:
45.0¢ Sentiment: LT Buy Disclosure: Held
