NYSEAM:TRT - Post by User
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1BestPickson May 02, 2011 5:48pm
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Post# 18519682
2 Carramba TRT Future
2 Carramba TRT Future
Carramba, you say your a novice investor; as such, TRT is probably not for you.
Take a look at Strike STK.
In regard to your questions; I will pass on the farming questions, because TRT will probably sell Feronia (FRN) in the very near future.
FRN is undervalued and recently did a private placement @ 65 cents.
TRT owns 17 million FRN shares, valued at 65 cents = $11 mil.
TRT has 150 mil shares out = 7.3 cents per share.
FRN does not want TRT to sell FRN shares on the open market, nor distribute them to TRT shareholders, nor sell them to a hostile group.
FRN management would like to get control over the TRT block of FRN shares.
I suspect FRN management will place the TRT block of FRN shares with an long term institutional investor. FRN board would approve such a placement and release TRT of the obligation not to sell. This is in the long term interest of FRN.
If TRT sells FRN shares at 65 cents, TRT gets $11 million cash.
TRT management has a lot of contacts and they could easily get a large advanced African mining project with proven reserves.
TRT would use its cash to bring the reserves to 43-101 compliance.
All this would substantially increase TRT stock price.