I have been pondering a while which is the better option (TRF or IFE) for the iron ore project. Being a mid term holder of TRF, I am very happy to have sold the ROL asset, not because it was a bad investment, but because there appears to be ( ASX Release) better TRF investments to fund in the short term (and I agree). TRF share price has not reflected the value of its holdings anyway, so in cutting off one of its tentacles, it may mean the others grow faster. TRF directors have been out of the money in terms of options and recent news has moved IFE options into the money, but TRFO's still lag... I think directors need to move TRF share price and get the options into the money and I believe selling ROL stake is a good step toward that.
TRF Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
