It's had a similar buy/sell ratio for a few days. To my mind any announcements about the gold project will be the catalyst for positive sentiment. ie. Announcement that they have started drilling for gold at Wilcherry (could be anyday), announcement that results from gold metallurgy work has indicated something positive about its recovery from the iron ore that Ironclad will mine, therefore extra revenue for TRF (could be Sept), results from gold drilling (most likely late Oct). Followed by mining license approval for IFE (expected Sept?). Any of these could set it off more than 10% in the positive direction. Lets face it, it should be 50c at the moment, but negative market sentiment has it where it currently is.
TRF Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
