TRF 0.00% 1.9¢ trafford resources limited

with the rights trading closing tomorrow 'at end of trading...

  1. 4,833 Posts.
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    with the rights trading closing tomorrow 'at end of trading day', you then have one week to write or not to write those cheques out. no hanky panky meddling so far with the ords. satisfying and doubt that we'll see any funnies over next week either. however, after that there's the 3 mth period when the rights not taken up can be sold on to people 'called' outsiders. within this timeframe we'll have had the agm, news on the planning changes to lucky bay and with some hope a revised and keepable (such a word ?) shipping timetable. imo the io price will some day come back to reality but with all that io mining coming to fruition we may not see the high prices of the recent heady frothy period recently experienced. this io in the ground will not rot. it will soon come down to pure economics and who can sell at the best margins.

    if you want more trf or ife then maybe best consider buying on mkt before closure tomorrow. you can watch things next week and still send of that chq but make sure it arrives in time.

    my guess from here is that ife will just survive. it may be some time before it gets on a roll tho.

    40's trying to buy both lower. a bit o brinkmanship lol.

    40.

    to help decisions :

    http://www.bloomberg.com/news/2012-10-02/norway-port-set-to-boom-with-iron-ore-shipped-to-china-freight.html

    and

    http://www.bloomberg.com/news/2012-10-02/iron-ore-heads-for-longest-bear-market-in-20-years-commodities.html
 
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