[VIDEO] TON GRAPHITE PROJECT GOES AHEAD WITH CORNERSTONE INVESTOR, page-15

I agree to an extent - I don’t think anything will happen until tranche 2 gets processed though. I mean - I guess they can scrap it / we vote against it if we do have some good news that projects us past the 4c barrier, namely NH back. we know DFS is months away yet and we know that we’re in bed with China atm so unless some left of field company decides they want to help push this thing along I feel our only short term option for funds is to proceed with the second tranche at .028c then see how the DFS pans out for a possible re-rate and then FID with the help of more dilution to the cornerstone investors. Hence, my belief it’s a P&D. It’s low volume indeed in the big scheme but they always find a way to push it up to sell off a bit.

I could be completely wrong and someone’s accumulating… just seems odd to be pushing so high with knowledge of impending tranche / CR.

others thoughts? I’m just spit ballin

cheers Jtown