Been watching (and buying) TON for some time. I think comparing MGY and TON is a bit shaky. TON have done a very good job taking Balama forward-see link: http://www.tritonmineralsltd.com.au/triton-projects/mozambique-graphite-project; especially when you consider that they only really got going on this at the end of 2012. Note their aggressive approach to drilling in the linked summary.
The TON CR was to advance towards development with their already well-advanced and well drilled projects. They have also recently completed a buy-out of their JV partner to get 100% equity. This is in stark (actually embarrassing!) contrast to MGY's non-efforts since 2011 and their sell-out of MOLO to get 0% equity.
I prefer to wait until MGY management announce that they have commenced drilling and trenching follow-up on one or more of their projects before getting excited. Some director buying of their own stock would also be encouraging? OZ
Will MGY be flying soon?, page-31
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