International Frontier Resources Corp V.IFR

Hopefully we can sell Mexico and move on

[kegman]

Lots of plays to look at around the world.  Even in N.A.  The desperados down in Mexico think they have the last laugh.  We shall see.  Amlo has royally screwed up the economy unless you are a cartel business.  I would like to bail but hey, if we can utilize our expertise with the monkeys down there, maybe we can still make some pesos.  The future is much brighter than it seemed.  GLTA  Buying in down here is not much of a risk I would think.

[robert41]

I think you'll see a roll back so they can finance a new endeavour Mexico is a no go zone I'm sure mgmt will want to wash its hands of that asap. I have 250,000 shares at 4 cents I think that will get turned into 25k and I'm good with that. 

[kegman]

I don't think they rollback until they see if they can monetize Tucoleta or find another play.  They need a reason to do  a placement.  We shall see.  

[jeep91]

Rollbacks or reverse splits rarely ever work.   Immediately after the new rollback stock price starts trading it inevitably starts going down againsometimes back to pre rollback. In twenty years I have only owned one stock where a rollback worked out well and it was not a Canadian company nor was it a resource one either.

[robert41]

I never said it works and I agree with you but it's inevitable. Ifr needs a new project it needs to move away from the crazyness that is Mexico great place to visit but not to do biz. It can't raise money at a penny the float is nuts it needs a new life and it starts with low float so you can raise money.. 

[kegman]

I hope they announce a new play and a monetized sale of Mexican assets.  It does hold some value.  That is why that proposed tranaction got squeezed.  The other party wants it.  To themselves.  If they can make the announcement it might get above this level....5-7 cents.  10 for 1.  Financing in the .40-.60 range.  Pipe dream?