I have had a look at the tenements of MEU and yes you are correct TRF hold them directly next to this company's.
I have been very frustrated by TRF for a number of years, I havent sold out, probably due to my inherent optimism as a person. I think overall Ian has done a poor job, he has pulled some rabbits out of the hat like the ROL investment, but TRF and IFE have been a joke, particularly IFE, where due to poor management they havent got the IO on the ship whilst the prices were high and now the project is teetering on the brink of not progressing at all.
As far as TRF is concerned time and time and time again they drill and no results are forthcoming. Oh we are waiting for labs, its taking time etc etc, but no drilling results or at the very worst results that are way way overdue. Like the Black Hill results where drilling started mid July, surely some results must be published soon.
Having said all that you look at company's like MEU today and another SA explorer (I cant remember who) but both have excellent prospects next to TRF land. TRF could, at any moment, explode with the amount of land and prospects it has, whether it runs out of money before that occurs is quite another question.
Good luck to all, I will continue to hold - and hope!!
TRF Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held
