Yes @Pauldola I noticed the opening up of Balama South. Even saw making some connection with Anacube/ Kenmare 'style' flakes being there with the added bonus of Vanadium.
There's been no mention of Vanadium at Anacube has there?
So what's happening, Pauldola?
Nicanda Hill has All Production run of 300kts 'covered' by offtakes to YXGC 100kts of "large flake" + and 200kts of 90%+ any shape/size flake to SQZQ. That's about the Nicanda metallurgy, right Paul? One third 1/3rd Large, Two thirds Other.
Then it was proposed that Large Flake could be "supplemented" by Anacube But the AMG/GK existing mine could only be expected to output 20kts MAX.
Now today Balama South comes into contention. Did you note Paul the "bit" about doing a New Plant just for South? Good Infrastructure there etc? There's another East Africa ASXer going for two plants each capexed under $50mil. What? is TON gouing triple decker? Nicanda/Anacube/ Sth Balama?
All on the cornerstone of SQZQ and "friend" Finance?
My chief interest Paul remains in what AMG/GK's "plot" is in all this. I want it established that AMG is 'connected" to YXGC especially. Why? well YXGC's is an End Users Offtake for a specified consignment of flake. It is NOT an offtake of Run of Production to a 'middle man' Dragon SOE or "financial Lender".
Anyway getting AMG/GK bona fides for YXGC is I reckon important.
On the latest Trading Halt, Pauldola.
Quite tricky by BB. Could be seen as a "test" for the Placement getters.
See the Placement shares don't Issue til I think this Friday [date's in news]
so these 34 mil shares are not available to sell on the TH lift on Wed/ Thursday.
The Sophisticated won't be all Placement Stocked Up, Paul. Do you follow?
So they won't be too encouraged to Pump an Opening Gap to Billio so they can Dump into it
like always.
BUT there is a Sophisticated Ploy that 'they' can Pull
which is Shorting TH lift to use their Placement shares to Close Short Friday.
However this Shorting Play requires them being able to Borrow TON Shares of say 10million, more maybe less. It's not going to be the "normal" situation where the sophistos add shorts onto the sales of their allocated placement this time.
Do you see Pauldola? IF TON is in Reality being "capped" and buggered by Dark Forces the Shorting Activity on Trading Halt should be a Expose!
now we mere Pilgrims to Mammon can't track this, short data is very obscure to us [nearly as bad as Dragon Graphite figures] But Brad Boyle with Company Registry data would be able to, along with getting ASIC onto it.
Could be as simple as Citicorp is lending Jenks Shares in it's Custodial position?
If I can get aeround to it today will look into Merchant Capital Markets Placement history with TON today. Looking for a Regal connection for tylemahos.
cheers
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