TRF is a very valuable stock, it has been held down deliberately...

TRF is a very valuable stock, it has been held down deliberately for a while now. Two large Singaporean investors, one of which is one of the most respected brokerage houses in Asia. They took a stake in TRF, not IFE for obvious reasons - good exposure to the iron project and ROL plus whatever else TRF develop on their own. Any company who wants to take control of the iron will need to takeover TRF. If they takeover IFE they will only get 40% of the iron. TRF will be worth a lot more by the end of the year and for this reason IMO it will be to all holders benefits that if a takeover offer is made, it is after the iron ore gets into production.