I saw that but by the end of trading there was a 6c bid on for 7000 odd so it would be a increase of nearly 100%.
fair price - yes. Why would anyone ATM buy TRFO with a strike price of 70c due within less than a year when you can buy the heads for 35c? Therefore the price of the heads will have to double in the next 12 months for the oppies to be viable.
Having said that it is possible that this could happen given IFE and the drilling campaign with TRF
TRF Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
