Australia's largest stock trading and investment forum Australia's #1 stock forum

TRF

Click for more information

0.00%

1.9¢ trafford resources limited

IF IFE ship 1oz of IO there will be no going back game on. That...

First 3 Last

Share
Profile

Follow
s34

588 Posts.

19/09/14

17:19

Post #: 14002086
Share

Originally posted by rester ↑

Whilst the Directors of Trafford have noticed the news release from IFE, I notice that there has been no recent news on the great tin province or the fantastic gold assays in South America. Suspect that Arrium is under tremendous pressure with the huge capital raising coming up so will be surprised if there is much action on the Wilcherry Hill deposit in the near term. The low iron ore prices are also likely to dampen spirits. Think TRF is in real trouble at the moment. Looking at the previous cash flow statement and the fact that they needed to take out a $450k loan (to presumably pay for salaries and admin) is not good news. There is probably little or no money to do any exploration so it is now survival mode. Heard via the grapevine that some staff are now on 1/2 pay.

Expand

IF IFE ship 1oz of IO there will be no going back game on. That could be this year i hope as i hold trfo LOL

TRF Price at posting: 5.6¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

KM1

Jindalee's seeks key role in US battery chain following PFS on McDermitt lithium play

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

PTX

Petratherm shares jump 60% on strong metallurgical results at Muckanippie

There are more pages in this discussion • 5 more messages in this thread...

First 3 Last

Add TRF (ASX) to my watchlist