TRF - Trafford Resources
- Thread starter steven1234
- Start date
-
- Tags
- trafford resources trf
- Joined
- 20 December 2006
- Posts
- 207
- Reactions
- 0
Lets hope it keeps climibing and has another run towards the end of the day. There were some large parcels purchased today.
Don't forget that we are awaiting assays for the 14 holes drilled. Preliminary results were out for gold in 3 or so of the holes on 2 Feb 07... where are the remaining assays for a wide suit of elements??
Don't forget that we are awaiting assays for the 14 holes drilled. Preliminary results were out for gold in 3 or so of the holes on 2 Feb 07... where are the remaining assays for a wide suit of elements??
- Joined
- 20 December 2006
- Posts
- 207
- Reactions
- 0
Ignore the last post... This closed at 80c today. A rise of 10.3% and a decent increase in volume.
The desktop study announcement and uranium drilling results are both expected soon. I expect the desk top study announcment to be out any moment and the price should rocket after this. All things point to the study being positive.
Tomorrow should be an interesting day.
The desktop study announcement and uranium drilling results are both expected soon. I expect the desk top study announcment to be out any moment and the price should rocket after this. All things point to the study being positive.
Tomorrow should be an interesting day.
- Joined
- 20 December 2006
- Posts
- 207
- Reactions
- 0
Desk top study was released after close today.
Lets watch this rocket tomorrow.
Lets watch this rocket tomorrow.
- Joined
- 20 December 2006
- Posts
- 207
- Reactions
- 0
Another great day for TRF. Up 24% on top of yesterdays 25%.
I expect we will have uranium assay results this time next week or the week after.
I expect we will have uranium assay results this time next week or the week after.
- Joined
- 20 December 2006
- Posts
- 207
- Reactions
- 0
What a day, up another 25%, closed at $1.55 and sellers have dried up. I can only see 6 sellers at close today.
This just keeps getting better and better. India is taxing export iron, the media has been covering iron quite well in the past few weeks and uranium assays should be due any day now.
$2 now looks quite possible with decent assay results being announced, or is the recent rise on account of uranium speculators jumping on board and pushing the price prior to any announcement? Even if a punt on the assays being positive fails, this should climb as the iron resource is defined.
This just keeps getting better and better. India is taxing export iron, the media has been covering iron quite well in the past few weeks and uranium assays should be due any day now.
$2 now looks quite possible with decent assay results being announced, or is the recent rise on account of uranium speculators jumping on board and pushing the price prior to any announcement? Even if a punt on the assays being positive fails, this should climb as the iron resource is defined.
- Joined
- 20 December 2006
- Posts
- 207
- Reactions
- 0
Dom, may i ask what made you sell? You said it was a long term hold for you in your earlier post. Would you get back in?
- Joined
- 20 December 2006
- Posts
- 207
- Reactions
- 0
I'm a firm believer of TRF. I'm holding this as a long termer.
It looks like there is quite a lot of potential in iron resource. There is 44mil tonnes proved up at the moment. Potential for 300 to 600mil tonnes anounced. I would expect/hope they prove up more as there are quite a lot of magnetic anomolies that have not been drilled or assayed for iron. The 44mt was provded up using historical drill samples for other elements. Once Ironclad is up and running and cashed up we should see them assaysing more historical drill samples and drilling some of the other magnetic anamolies and before long this should get the iron resource to the next level (i hope!!).
When i got onto TRF i didn't expect anything from the iron. All this iron upside is a bonus. TRF is handing most of the resource to Ironclad so that it can develop the project at no cost to TRF. If the resource grows to the next level this will be a positive for TRF as it will have direct and indirect exposure through the shares held and the % of interest held. I have no doubt that Ironclad is a viable operation and will produce one day.
It doesn't look like the preferential allocation to TRF holders of ironclad shares is haveing a great impact on the price of TRF. The details of the allocation still remain unclear. There is no big push to buy up TRF shares to get into Ironclad as there is no indication that a large holding in TRF will guarantee the opportunity to buy in big into Ironclad.
It will be interesting to see how many option holders have converted their options. This should give TRF some more cash to play with.
I'm looking forward to TRF getting back to hunting for more resources and hope that we get some positive results from historical assays for uranium. This should put another rocket on the price of TRF. Due to the small number of shares on issue, any positive announcement for TRF or Ironclade should get it running hard.
It looks like there is quite a lot of potential in iron resource. There is 44mil tonnes proved up at the moment. Potential for 300 to 600mil tonnes anounced. I would expect/hope they prove up more as there are quite a lot of magnetic anomolies that have not been drilled or assayed for iron. The 44mt was provded up using historical drill samples for other elements. Once Ironclad is up and running and cashed up we should see them assaysing more historical drill samples and drilling some of the other magnetic anamolies and before long this should get the iron resource to the next level (i hope!!).
When i got onto TRF i didn't expect anything from the iron. All this iron upside is a bonus. TRF is handing most of the resource to Ironclad so that it can develop the project at no cost to TRF. If the resource grows to the next level this will be a positive for TRF as it will have direct and indirect exposure through the shares held and the % of interest held. I have no doubt that Ironclad is a viable operation and will produce one day.
It doesn't look like the preferential allocation to TRF holders of ironclad shares is haveing a great impact on the price of TRF. The details of the allocation still remain unclear. There is no big push to buy up TRF shares to get into Ironclad as there is no indication that a large holding in TRF will guarantee the opportunity to buy in big into Ironclad.
It will be interesting to see how many option holders have converted their options. This should give TRF some more cash to play with.
I'm looking forward to TRF getting back to hunting for more resources and hope that we get some positive results from historical assays for uranium. This should put another rocket on the price of TRF. Due to the small number of shares on issue, any positive announcement for TRF or Ironclade should get it running hard.
that's cool, steven, what you said giving me some confidence holding it. I made some money out of it when brought at 1.46 and sold at 1.64 after the big fall from the $2. Now, I bought it at 1.36, 1.23, 1.205 and 1.14. My friend told me its chart looks like a decreasing triangle with constant lows and lower highs, and if the share price breaks the lows, it will plunge deeper, even below $1. I was worried.
- Joined
- 20 December 2006
- Posts
- 207
- Reactions
- 0
I noticed the descending triangle as well. I don't think TA applies well to a share with such a small market cap and where such a small volume of shares is being traded.
Lets hope the ironclad prospectus has some good news in it that helps get the TRF share price back on the right track in the immediate short term.
I think part of the recent sell off of TRF can be attributed to holders who were hoping for some freebie in Ironclad of somesort.
It looks like we have good management in place, lets see what they can do for us.
Lets hope the ironclad prospectus has some good news in it that helps get the TRF share price back on the right track in the immediate short term.
I think part of the recent sell off of TRF can be attributed to holders who were hoping for some freebie in Ironclad of somesort.
It looks like we have good management in place, lets see what they can do for us.
There is a big buy depth this morning, today will be an interesting day. It seems the 1.18 have the support.
Trafford Resources Limited (TRF)
(Trading Status: PRE_OPEN)
As at 21/05/2007 9:23:44 AM
Real-Time
Last Trade Today's Change Volume Trades Open Today's High Previous Close Today's Low Trading Basis Data Mode
1.180 0.000
(0.000%) 0 0 1.180 1.180 1.180 1.180 Normal Real-Time
Live Quote | Market Depth | Charts | Interactive Charts | News | Company Profile | Recommendations
Buyers
Number Quantity Price
1 460 1.210
4 16000 1.200
1 50000 1.180
2 1500 1.150
4 55596 1.140
1 15000 1.120
2 13000 1.100
1 6000 1.085
1 9900 1.010
2 8000 1.000
Sellers
Price Quantity Number
1.185 6250 1
1.195 4000 1
1.200 70000 1
1.210 7100 1
1.250 14525 2
1.270 6175 1
1.275 7000 1
1.280 9600 1
1.290 15000 1
1.295 4900 1
Last 10 Trades
Time Price Quantity
No Trades Today
Trafford Resources Limited (TRF)
(Trading Status: PRE_OPEN)
As at 21/05/2007 9:23:44 AM
Real-Time
Last Trade Today's Change Volume Trades Open Today's High Previous Close Today's Low Trading Basis Data Mode
1.180 0.000
(0.000%) 0 0 1.180 1.180 1.180 1.180 Normal Real-Time
Live Quote | Market Depth | Charts | Interactive Charts | News | Company Profile | Recommendations
Buyers
Number Quantity Price
1 460 1.210
4 16000 1.200
1 50000 1.180
2 1500 1.150
4 55596 1.140
1 15000 1.120
2 13000 1.100
1 6000 1.085
1 9900 1.010
2 8000 1.000
Sellers
Price Quantity Number
1.185 6250 1
1.195 4000 1
1.200 70000 1
1.210 7100 1
1.250 14525 2
1.270 6175 1
1.275 7000 1
1.280 9600 1
1.290 15000 1
1.295 4900 1
Last 10 Trades
Time Price Quantity
No Trades Today
