Hi all,one of the long suffering IPO holders here, the tax rebate certainly came at the right time. Yes IFE has the barge for sale and has a good prospect of selling it, it's brand new, the barge market is brisk and a lot happening every day. RE: IO price, don't read too much into day to day prices. The Chinese have been putting out news to push prices down. However, chairman of Boa Steel (China's biggest producer) stated late last year, he doesn't expect steel production to peak until 2018. Rio and BHP full steam ahead with production increases now. What IFE doesn't need to do is sign up to an expensive loan if it can get a forward supply contract arranged to finance the port. TRF just needs to hang in there with the available cash until IFE can ship it's first load.
TRF Price at posting:
7.2¢ Sentiment: Hold Disclosure: Held
