Simon Moores - Analyst, Benchmark Mineral Intelligence on the future of Graphite, page-99

Unlike some of the other long term holders you continue to post rubbish. TON is getting no good service by continual comparison to SYR. That company is at least a year in front and TON has lots of work to do.

For the TON holders, I wouldn't get overly concerned with what analysts post about explorers. It is guess work at best and mostly backside plucking as well. Visual observations are a joke even from geologists, let alone from an analyst.

I don't subscribe to the conspiracy theory that certain stockbroking firms are lining up with SYR and gunning for TON. That is utter nonsense. I can assure you from the discussions I have had with SYR directors that they are far to busy and focussed on their own challenges to worry about TON.

Now, the future prospects of TON is completely in the hands of their own Board. It is not in the hands of any stockbroking firm. If you believe in the prospects then as an investor you need to buckle down for the long haul. There is still a lot of information outstanding and heaps more work to be done before TON gets a measured resource.

The SP problem sending the price down is purely a combination of several factors. It started with the parabolic rise with the normal profit taking reaction, then followed by sector sentiment being down, and now has a capital raising pending.

The capital raising pending is why I have sold out again, but I continue to watch. If TON makes the grade then it too will be a money spinner just like I'm sure SYR will be. However, don't get your expectations up that TON can just do magic. It is a hard slog and time consuming. If SYR don't open up the additional supply into the carbon market then it won't be good for either company.

Don't listen to stock market analysts because self interest is the greatest motivator. DYOR, but it is hard to do with TON until more detailed information is released. Until more details are announced there will continue to be innuendo and suspicion and criticism.

Cheers