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Good to see you are still around, Thadius, and can maintain a...

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Zonker

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04/12/14

12:21

Post #: 14407082
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Originally posted by Thadius ↑

Like the rest of you I have just about given up . Ian has been optimistic throughout the years with the China story which kept me in the game for a longer time than I probably should have. Not just TRF.Ife but other resource stocks I have been in for years have all gone south.

It was not just Ian that I was listening too, but guys like Andrew Forrest and Kloppers from BHP with the 'stronger for longer." story and plenty of analysts that thought $100 a tonne for iron will be always the bottom.

If it had been, then I am sure the fate of TRF/IFE would be quite different now.

Anyway so I don't go mad I have tried to make myself feel better by looking at some last positives for IFE and TRF

-If we had gone into production we would be in liquidation months ago.
-The barge should be close to being sold which will add much needed funds.
-Maybe there is some R & D money to come in the future like we have had in the past,(hope)
-Being rid of the CEO might be the start of major cost cutting measures so we can survive.
-Arium may go under and we get to use their ports ourselves or if they go well maybe they pay us a few million for our resource.
-OGX I can see as a saviour as I really believe it will get back to 30c to 50c next year if they go into production. OGX have more hope with $6mill funding to have a plant that will produce $15millpa profits.than IFE will have to sell Iron Ore. With 12mill shares TRF could cash out $6mil at 50c.
-That way TRF has money to seriously explore around the Challenger mine and with a ready made plant for production at least is there.,KCN have just produced 1 million ounces and if they want to keep going long term they need to work with TRF who have the most land around that area.
-Finally the tin at Wilchery should get JV funding so we can see what tin is really there sooner rather than later.

I hope before Christmas we get some update on the issues above so that I can budget to eat either Turkey or Spam ham.

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Good to see you are still around, Thadius, and can maintain a semblance of optimism.

Someone just bought 17,000 TRF options at $.001 . . . a sign of optimism? or perhaps they just pushed the wrong button?

Certainly the industry is encountering difficult conditions . . . management really need to earn their salary and really cut costs. It is good to raise funds by selling unused assets. . . . but for what? just to maintain salaries while the company goes nowhere? There needs to be a solid plan that actually materialises.

TRF Price at posting: 2.7¢ Sentiment: None Disclosure: Held
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Good to see you are still around, Thadius, and can maintain a...

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