I have been following TRF quite closely this year. I think Death Adder/Olympic Hill is an exciting prospect in its own right.
What has kept me out of taking a position is TRF's exposure to IFE. While there are many positive developments to this project, I am increasingly concerned about the lack of communication in the $ operational costs of Whichery Hill, and the much awaited debt financing arrangements.
The status of these two issues need to be communicated clearly to the market.
TRF Price at posting:
32.0¢ Sentiment: None Disclosure: Not Held
