IFE/TRf would have that in the back of their mind, and from what I know there has been interest from consortiums here in NSW who have offered to buy a company nearby in SA. This deal fell through, but SA is an area looked at by more than I thought.
I would say that most companies will wait, now that we have Wayne Richards running IFE.
They will let him de-risk the project further before they make their move, if they do. They will let him do the hard work and get this going to the next phase.
IFE will be a hard target for anyone, since TRF has a large stake in it. They will need to shake up TRF to have it all.
To get BHP and OZL interested the drill results need to be outstanding over the next 6 months, not just okay.
At this stage I would not be worried about takeovers, I would only worry about the world staying stable enough for our investments to prosper.
TRF Price at posting:
23.5¢ Sentiment: LT Buy Disclosure: Held
