Agreed Kermit..... and the IFE debacle is certainly going to impact on TRF. The notion that TRF would have a regular source of income from its free-carried interest in Wilchery Hill was key to my buying ; under-capitalised explorers are a black hole . Now that it is looking likely that IFE will fail to start shipping before the end of the year - or may fail completely if it can't raise more capital - TRF is starting to look like a classic junior explorer and will have to find something tangible within 8 months if it is going to survive. I blame Finch for incompetence and blatant BS announcements. The markets have had gutsful of him so even if he does make a legitimate positive announcement it will be treated with 100% scepticism. WTF is he doing looking overseas when his local empire is teetering on the brink ?? I accept full responsibility for being sucked in by him but it is devastating that the potential of both IFE and TRF has (almost ?) been lost because of one incompetent A-hole.
TRF Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
