"Term sheet anticipated to be converted into a binding offtake agreement prior to 15 March 2018" - Well done to TON management, still ticking boxes and making good progress on Ancuabe, I just wonder what progress can be made with the share price while the WGX Option tethers it to 8.5 cents. If the Board decides to put the WGX Option to a shareholder vote it won't happen before these offtakes are expected to become binding - huge opportunity for a re-rate missed if that happens and momentum lost. Already seeing this as the previous announcement last week did nothing for share price.
Message to TON management - get the Board together, reject the WGX Option and make an announcement this week and the share price will re-rate to 15 cents by the end of the week and go higher than 20 on binding offtakes. I'll also buy back in
"Term sheet anticipated to be converted into a binding offtake...
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