I put a SELL on my TRFR without a problem... I value them at over 5c IMO. At this price. As you get 1 for 2 70c options. As well as standard shares for 50c.
Not sure how many will pay the 50c ps if the SP is not trading at a substancial premium. Due to a currently nervous market. Plus mining tax killed us in the ST.
If trading at a 20% premium it may be worth grabbiing them for 50c. In this current environment I cannot see this play taking off after SPP is done. Hopefully some confidence is restored during the month.
What will they do IF they cannot get the money for IFE. Will an offer be put to an INSTO? Time will tell.
It getting a lot closer to the last quarter of the year- when they expected to ship Ore from IFE.
Also ROL has come off a great deal. Combine all these factors and they have some challenges right now. Yet I am optimistic in the Directors skills to get the project up and running.
Yet they could blame any number of things not to get the project off the ground for sometime...
TRF Price at posting:
54.0¢ Sentiment: Hold Disclosure: Held
