without that recent $250k from the so called manganese deal with ife, trf would surely be on the ropes financially now.
the mention in the qtly of liquid assets ie ogx and ife holdings can hardly be of much use atm. unless ife comes out very soon with it's finance package and allows trf to maybe raise some dough until ife iron ore cash flow starts coming in then the game of brinkmanship may well be closing in on trf and a cap raising (yes one more lol) is going to be a must.
an 800k seller of trf pushed out around half at open today. that's a serious stock holding and certainly a losing one by now. a confidence knocker if ever there was one.
the jump in ife's price past days was expected following 'news' of imminent funding but can we trust it ? better the companies make the announcements themselves on mkt when it's time to do so. we all know from what we've been told that finance is soon enough but I for one was on the understanding finance was rather more the formality back last year so I hope I will not be disappointed once more.
the contrarian in me and I am mostly contrarian says stay on board and let the rats depart. if we are going to go down then I will be the captain.
hey 40, is that shore I can see on the horizon ?
jump ted and swim for your life.
this is paradise 40.
yep and no shares to worry about ted. just coconuts and lovely ladies.
as paul mccartney once said as they played to big audiences in the cabin, 'something has to happen' and it did. let's hope it happens well here.
we wait, precarious as it is.
sentiment to hold.
40.
TRF Price at posting:
9.1¢ Sentiment: Hold Disclosure: Held
