TYX 0.00% 0.7¢ tyranna resources limited

the ferret on ife

  1. 784 Posts.
    He is a funny bugger that ferret....

    IRONCLAD MINING (IFE) joins the lists today and it looks like it will be a welcome reception for the $1 shares.
    Then again, given the market's craze for Fe, you could float a company called Ironing Board and get killed in the rush.
    Anyway, a strong pointer to IronClad was the trend in TRAFFORD RESOURCES (TRF) yesterday.
    Trafford rose 18.5c to a record $1.245.
    Trafford spun off IronClad's 20 million shares in a significantly oversubscribed IPO.
    On listing, IronClad will have 40 million shares, of which 20 million will be held directly by Trafford.
    IronClad has been established to acquire a 50 per cent interest
    in the iron rights of the Wilcherry Hill tenements 30km north of Kimba,
    South Australia, from Trafford.
    IronClad has the right to earn a total 80 per cent interest by
    the expenditure of $10 million.
 
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