All that Finchy will do is sack staff at TRF, and pay himself and his mates from the $3.5 m at IFE and pray the manganese is big enough to be commercially viable because IO is almost dead in the water atm.
IMO , No Debt Finance for IFE while Finchy controls the asset.Remember the $6.8 m from HK, all gone. $1.50 p/s to get going, all gone, the shifty he pulled to get the options over the line , all gone ... Who stupid enough will give him free control of $22m. Would you......
I feel for Menzel and his team , he must be trying hard to raise capital to no avail.
2 years more to wait for IFE, TRF not long now.
TRF Price at posting:
7.1¢ Sentiment: Hold Disclosure: Held
