Ann: Argonaut and Hartleys Strengthen Core, page-46

US markets down, Shanghai stock exchange down, Tokyo exchange down, Hong Kong down, gold down, Aussie dollar down, everything down...quick skim across the internet seems that most fingers are pointing at the trade war between China and the US.

Back to CXO, I’ve noticed that Argonaut was appointed financial adviser of TON in February. In 11 weeks they got TON two offtake agreements with two different Chinese companies.

I would be pretty happy with that. And I reckon that’s what we have got them on board to do. Seems to me:

1. RuiFu have backed out of the deal and so we have got Argonaut to find us a new partner.

2. RuiFu are playing hardball at the negotiating table, so we have hired Argonaut to get us the best terms possible.

3. (Probably some wishful thinking) A 3rd offtake agreement? How far away might a resource estimate be for Sandras? Between us and LTR we’ve been punching holes into Sandras for 3 years now...

4. Maybe its Yahua wanting a bigger slice

Who knows...

GLTAH