Its definitely priced in now. Not saying it wont go higher, in fact IMO it will, but the in specie is priced in for sure...It is of signifcant value at around 11-14c per TRF share, but they are also responding to the positive drilling results, which potentially hold significantly more upside then the ROL in specie.
TRF - Trafford Resources
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Its definitely priced in now. Not saying it wont go higher, in fact IMO it will, but the in specie is priced in for sure...It is of signifcant value at around 11-14c per TRF share, but they are also responding to the positive drilling results, which potentially hold significantly more upside then the ROL in specie.
Hang on again Condog, you need to check your calcs... it's a 1-20 distribution which means at $1.80 SP for ROL you're getting 9c per TRF share value...not sure where you're 11-14c per share comes from unless you're factoring in a SP for ROL of $2.20-2.80 which may well be possible but is not there atm. Although if you say that ROL could be sitting on a LHG size deposit, then ROL could well end up in the vicinity of $7-10 depending on capital raisings etc!!!
Trying to give an indicative range.....lets wait and see..... I still hold a good portion so have an each way bet....
McCoy Pauley
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Share price has been hammered yesterday and today. Peaked at $0.70/share yesterday morning and is now trading at $0.515/share. Can't find any logical explanation for the sudden nosedive, except perhaps for traders taking profits pre-Christmas. I've cashed in my holding but still watching this with interest.
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I am surprised too when I saw it emotionally.
But analysing the reports on which TRF rose I postulated there were three factors contributing the rise.
- Assay analysis
- Expanding the limpact of ittle bonus issue for ROL 1:10 basis.
- Ramping up
Yesterday and Today TRF therefore took the rational position and from peak rise it came down to a normalistic situation. Most of the mining shares with exception to some gold, market went north and TRF went south.
DYOR . I am a holder of TRF. Lost a lot on paper yesterday and today even after considering my average purchase price was 22 cents
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At last TRF has released the record date information.
Looks like it is a half cook story - see attachment .
They made the announcement hurriedly having seen the price tanked in the last two days. But will it stop the decline - let us see tomorrow.
TRF has made the record date as 26 January - public holiday.
Last trading is on 27 January - again a non business day.
So some one just did the sum to reach the market and rest assured tomorrow morning there will be a corrigendum in ASX.
You wonder why hire such a bunch of incompetent people in TRF at the cost of share holders . Surely the news got leaked earlier explaining another factor of the share price slump. I was wrong in my last post to suggest specie will be 1 for 10. It is actually 1 for 20.
One month the share transaction will be kept open is interesting proposition.
Any way at last the veiled secrecy is withdrawn at the penultimate of ASX office operating hours.
Enjoy the journey of TRF and David H.
Looks like it is a half cook story - see attachment .
They made the announcement hurriedly having seen the price tanked in the last two days. But will it stop the decline - let us see tomorrow.
TRF has made the record date as 26 January - public holiday.
Last trading is on 27 January - again a non business day.
So some one just did the sum to reach the market and rest assured tomorrow morning there will be a corrigendum in ASX.
You wonder why hire such a bunch of incompetent people in TRF at the cost of share holders . Surely the news got leaked earlier explaining another factor of the share price slump. I was wrong in my last post to suggest specie will be 1 for 10. It is actually 1 for 20.
One month the share transaction will be kept open is interesting proposition.
Any way at last the veiled secrecy is withdrawn at the penultimate of ASX office operating hours.
Enjoy the journey of TRF and David H.
McCoy Pauley
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As I noted in the ROL thread, ROL has announced completion of a institutional and sophisticated investor placement of 6.325 million shares at $1.20/share (about a 21% discount on the closing price yesterday, by my rough and ready calcs).
ASX announcement released this morning - http://www.asx.com.au/asxpdf/20091223/pdf/31mx8cpbz3wbj6.pdf
ASX announcement released this morning - http://www.asx.com.au/asxpdf/20091223/pdf/31mx8cpbz3wbj6.pdf
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Surprisingly or Rightfully the TRF price shot up. Some correction probably.
I noted an old report of Punter reported in TRF website regarding Punter's profit booking on TRF at 44 cents or so. See attached.
I calculated myself and thought Miner Don't be too greedy and make some profit after a perpetual losser.
I am relieved to have sold TRF and can have better Chrisy with some presents for my lovely Mrs and pay off my overseas flight .
DYOR but the discounted selling of ROL to sophisticated people means TRF shareholders will be potentially a bit disadvantaged when comparing with those sophisticated. But over all gainer TRF holders if you hold until Australia Day . Enjoy your holding.
I noted an old report of Punter reported in TRF website regarding Punter's profit booking on TRF at 44 cents or so. See attached.
I calculated myself and thought Miner Don't be too greedy and make some profit after a perpetual losser.
I am relieved to have sold TRF and can have better Chrisy with some presents for my lovely Mrs and pay off my overseas flight .
DYOR but the discounted selling of ROL to sophisticated people means TRF shareholders will be potentially a bit disadvantaged when comparing with those sophisticated. But over all gainer TRF holders if you hold until Australia Day . Enjoy your holding.
Surprisingly or Rightfully the TRF price shot up. Some correction probably.
I noted an old report of Punter reported in TRF website regarding Punter's profit booking on TRF at 44 cents or so. See attached.
I calculated myself and thought Miner Don't be too greedy and make some profit after a perpetual losser.
I am relieved to have sold TRF and can have better Chrisy with some presents for my lovely Mrs and pay off my overseas flight .
DYOR but the discounted selling of ROL to sophisticated people means TRF shareholders will be potentially a bit disadvantaged when comparing with those sophisticated. But over all gainer TRF holders if you hold until Australia Day . Enjoy your holding.
Hey miner I stayed in TRF but was trading a parcel of ROL and stupidly left it on a sell from xmas eve and it went in early trade for 1.85 yesterday.....only to see ROL rocket to 2.39.....
Kicking myself for doing so, as you must be on this one. But the old saying goes. No one ever got poorer taking a profit.....Ill keep telling myself that till the money i missed out on yesterday starts to feel Ok again..... LOL
But I as you and and as indicated by the volatility in light trade, suggests the market has similar wonders about ROL and TRF current price.....
Lots of upside potential for both, but in the short term will we see a massive correction once the light xmas trade is finished , or will they rocket.... possibly time for an each way bet or to take some options and trade the volatility.
Apologies Condog!! Looks like you made a pretty good call here - we may see the top of the range ($2.80) before the end of the year
Still, when you look at the grades they are getting (60m @ 6g/t) there's some serious gold in that caldera. Once they get an initial JORC we'll be able to do some more informed guesstimating.
Apologies Condog!! Looks like you made a pretty good call here - we may see the top of the range ($2.80) before the end of the year
Still, when you look at the grades they are getting (60m @ 6g/t) there's some serious gold in that caldera. Once they get an initial JORC we'll be able to do some more informed guesstimating.
Hey good on you for acknowledging that.... I was very confident I had my numbers within a reasonable range......but you cant go saying that too much in advance or you could be guilty of breaching ASIC regs etc....and its a bit risky...
Right now ive got a similar but larger position on VIL which I cant go making predictions but lets just say...theres some very interesting things happeing.
But while id love ROL to go much higher, preferably with a correction first I do believe it might be getting a bit too excited too soon if it goes much higher right now....With more exploration it has a lot of very very serious upside potential.....but right now its surely around full value until more news comes out... Id be expecting volatility until its next announcemnt....but thats only opinion....DYOR etc....you might also recall I said confidently Haselhurst got out way too early....but with the limitations of his capital in that portfolio, he has to move wherever he believes the biggest gain is immediately..
Happy investing and an even better new year to you all......
Up 30%+ today on news of EFI which TRF holds 50% of + a 20% working interest in DSO ......report indicates quality ore with low cost start up....
I havent run the exact numbers yet, but seems very positive on face value.....
IFE shot up 46% on the news to closing sp of daily high at $1.16
Wilcher Hill near on the Eyre peninsula in SA seems to be a very high grade ore body and there seems very big expansion potential for IFE and TRF with Wilchery Hill and nearby Hercules......
IFE intends to ship 2M tonnes of high grade DSOre >60% by later in 2010 at
estimated revenue 100M - 300M p.a....... not bad for a 50M market cap company .... estimated cost per tonne unknown at this stage, but say $35-$50 tonne... but looks very positive...
Any ore price $100+ will be a great resource for IFE / TRF
Will be intersting to see ROl effect which didnt flow through today...??
TRF is turning into a very attracive proposition...very rapidly
I havent run the exact numbers yet, but seems very positive on face value.....
IFE shot up 46% on the news to closing sp of daily high at $1.16
Wilcher Hill near on the Eyre peninsula in SA seems to be a very high grade ore body and there seems very big expansion potential for IFE and TRF with Wilchery Hill and nearby Hercules......
IFE intends to ship 2M tonnes of high grade DSOre >60% by later in 2010 at
estimated revenue 100M - 300M p.a....... not bad for a 50M market cap company .... estimated cost per tonne unknown at this stage, but say $35-$50 tonne... but looks very positive...
Any ore price $100+ will be a great resource for IFE / TRF
Will be intersting to see ROl effect which didnt flow through today...??
TRF is turning into a very attracive proposition...very rapidly
Tiny little but awesome TRF made national news headlines in 3 papers yesterday and had 2 positions on Google news for its exporation efforts and interests in IFE...
Not bad and certainly attnetion that all small cap miners love to have....it it puts it on the screens of a few brokers thats all great in the long run....
Not bad and certainly attnetion that all small cap miners love to have....it it puts it on the screens of a few brokers thats all great in the long run....
More detailed 7 page report about Ironclad witchery processing plant proposal...
Looks good and cheap, little need for water or energy initially, using low cost mobile processing plant...to process 2M t p.a.
Two locomotive time slots
on the main rail line between Lincoln Gap and Port Adelaide provides
the most economic usage of rail time at a rate of approximately 2
million tonnes per annum which also equates to the annual capacity of
the proposed processing plant.
And then the power sentence:
"IronClad has determined that, in the first instance, an annual
production rate of 2 million tonnes of ore will be most appropriate."
It certainly sounds like they are going to proceed to produsction which is a huge plus for TRF and IFE
Looks good and cheap, little need for water or energy initially, using low cost mobile processing plant...to process 2M t p.a.
Two locomotive time slots
on the main rail line between Lincoln Gap and Port Adelaide provides
the most economic usage of rail time at a rate of approximately 2
million tonnes per annum which also equates to the annual capacity of
the proposed processing plant.
And then the power sentence:
"IronClad has determined that, in the first instance, an annual
production rate of 2 million tonnes of ore will be most appropriate."
It certainly sounds like they are going to proceed to produsction which is a huge plus for TRF and IFE
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Hi condog, I bought Trafford at .20c late Nov 09,very lucky.Sold off one third of my holding at $1.025 and now have the other two thirds running for nix.Looking forward to more good news in 2010. Also bought AUK at .12c,have since gone to .17c so having a great run at present.Also like Western Desert Resources but haven't taken the plunge yet,but am very interested.
McCoy Pauley
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Share price has been driven down today. Down as low as 74.5c/share but it's recovered somewhat to be trading at 78.5c/share. A fair way off its highs. Presumably a number of traders who jumped in to get at the in-specie distribution of ROL have jumped out now that they have their entitlements locked away (though I could be wrong).
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I'd say TRF almost certainly ran on the back of the ROL entitlement but I would expect them to come out with a few quick announcements to show how they have other irons in the fire.
regards,
Kenny
regards,
Kenny
Wow some TRF holders where leaping out the windows like the building was on fire.. big week, down to 50 odd cents and back u close to a $ where it should be... Lots of positive news fro TRF, ROL, IFE lately so I m not jumping out the windows.....
I only wish id been cashed up this week to get some more TRF.....amongst others......
I only wish id been cashed up this week to get some more TRF.....amongst others......
