Ann: Ancuabe Project Update, page-50

Can't remember if I used Aussiebulls earlier but I remember @jaguar68 posting a link around Feb highlighting their buy call on TON. If you check their last 6 months buy calls, they have been quite accurate on buy calls. I remember seeing the last buy call and was thinking of posting it here but did not eventually do so. They were spot on and TON shortly in 1-2 days had that sharp spike early in September. They now have another buy call.
https://www.aussiebulls.com/SignalPage.aspx?lang=en&Ticker=TON.AX

July low appears to be capitulation low post tax loss selling.

I thought 6c, 7.5, around 8.3, 9.5 could all pose some resistance but was really very impressed with how we have taken on and surpassed each of those levels giving confidence that there could be more to come.

Some pull back at 10.5-11 is understandable as traders, weak hands, etc. would want out. I too was thinking of taking some TON off the table but developed cold feet as sharps can be sudden and sharp and definitely would not want to be out. I definitely don’t mind losing out on the few pips. Just don’t want to lose out on something bigger. I might still decide to trade TON in coming days/weeks but will probably play it by ear. But yeah as @jackarooz pointed out, some consolidation is extremely healthy, and I too agree with jack that new 52 week highs could be due.

I mentioned in my last analysis that TON’s make or break time is fast approaching and we could be due for sharp spikes, trading opportunities and serious re-rates if market senses we could get to production and risks are addressed. TON management seem to be portraying an air of credibility and market might be sensing that we are going to eventually get to production.Sharp spikes and trading opportunities are already here. Is the really serious re-rate still to come.  Kind of appears so.

Plenty of bot activity recently including pushing price down and then even taking price up. Not sure if competing instos or same insto but I took it as a good sign of insto accumulation. I got the impression that it was competing instos and one was ready to take price up while another was still accumulating but can be wrong on this point. Either way, if it really is insto accumulation, then the best might probably be still to come.

Things can get interesting after 10 c as we would move half cent at a time. So spikes can be fast.

Plenty of good news to come – offtakes, finance, DFS, etc.

Important to keep in mind that retail shareholders have written off TON for dead and only we die hard TON fanboys are still on – so plenty of scope to go much higher if we have some instos on board, as short term traders, day traders, etc. are still unaware of TON’s rise from the ashes.

As mentioned earlier, I might think of getting in and out of TON but think there is still plenty of ability to go much further due to reasons above. Please DYOR as we know from past experience that there is nothing easily predictable about TON.

Cheers