you know BD, its not all that hard to work out why TON is always...

you know BD, its not all that hard to work out why TON is always sitting in the crapper.

IMO it comes down to chinese and ccp related matters, as dealing with them has proven to many companies on the ASX and all over the world that they are not always spot on or reliable with keeping their word and there are many examples of this taking its toll on many listed companies which for those who have been playing the ASX can vouch for so not going to go into examples atm.

yet just look at another graphite co (blackearth or bem) which has a madagascan graphite project site of which yesterday has signed a MOU with a leading downstream graphite processor urbix inc.

now this is only just a MOU but its with a US company but read their announcement yesterday, its quite informative and again its only a MOU but just look at the price action, since pre trading halt it has gained over +100%

why is that? I can play games, make guesses and debate it until the cows come home but just watch when their MOU gets converted to a binding offtake and alignment, suddenly you see what should have happened to TON but this stock is so badly managed IMO due to the belief system of management living on word of mouth or pieces of paper which most of the ASX know that there is a high probability this graphite deal with the chinese can go up in smoke due to them putting TON on the back burner or bottom drawer until it suits them.

I am not having a dig (yet again) at TON, I am sick beyond words in hearing the ramping and belief system of others which equally never proves to be correct as just look at the management, they have never been correct when it comes to finance and nor is there any suggestion that it will be in the bag so to speak.

technicals

here is a chart of TON from the other day, it wont make a difference is a day or two are missing as the point is showing how the stock is trading in RANGE, it is stuck between 4.1c and 6.6c

so everybody that is talking about its going up, or going down equals we all are wrong.
when a stock trades in range, it only trades within that range at the convenience of a market maker.

I normally only post once a month or sometimes once a fortnight as these threads are not inspiring and only creates posters posting out of boredom, frustration (yes I'm guilty) and sometimes desperation.

why is it though TON just cannot break out "and then hold the breakout"?
its because that is what TON has always done, played like a out of tune piano by a market maker and some traders.

the reputation of the chinese remains though and the proof is, just look at other stocks with movement, they are breaking out and holding their gains, while TON trades in low range, to mid range to high range, then back to mid range and never continually making 52 week highs.

in any case, each to their own, I am not trying to down ramp, but to fully expose what risks we inherit more by dealing with promises or dealings with both a geo political and socialist ccp government.

cheers,