So why is it interesting? Well for a long time TRF were good at conserving cash, they have always had some exciting prospects, but weren't spending much (relatively), just waiting for the IFE dough to come in. (Which has really slowed TRF down in my opinion)
Now if they didn't believe that IFE was going to come off, then surely they would be looking to raise far more than this offer. Also they could probably go back into slo-mo and conserve cash.
It looks like they want the cash now, to really follow up on something in the short term. (people commented already that Death Adder not even mentioned in the prospectus, so probably not that one)
Whats concerning is that they have always had some interesting (gold) projects. Thats why I bought in on float back in 2006. Weednanna for gold and lynas find potential. They havent been unlocked, and at a time when gold prices now much greater than 2006. Hoping that Weednanna would be unlocked through IFE mining (we get gold credits and wiating on better infrastructure?). So what I'm not sure on now is why we are chasing these other gold projects? Just need something out there fast that contributes to the bottom line, be that via actual mining, or sale.
So surely we must get some news soon? Without any new news and the current SP, cant see why you'd buy in.
Going to watch and wait.
TRF Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
