Yes the market is very impressed with this announcement, up more than 12% - oh, hang on, only 1741 shares traded at a value of little more than $300... I guess not ;-)
This does highlight the huge credibility issue Ian has created based on his inaccurate forward projections (and telling the market that he's been doing this for 6 years so must be really good at it) and refusal to update the market transparently when the forward projections don't eventuate.
Both TRF and IFE need many more timely, and as importantly accurate / informed communications to shareholders before credibility and confidence is restored. It is these themes that must be presented to Ian prior to the AGM and his acknowledgement of the issues and his response will be keenly observed by all holders - none, not even Thadius could be happy with the current situation.
UncleAPL
TRF Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
