Share
1,491 Posts.
lightbulb Created with Sketch. 87
clock Created with Sketch. 02/02/18
18:23
Share
Originally posted by Trask
↑
I think management has made a massive misstep in how it's handled the WGX option. It should have always been neutral and instead of talking about how good the lithium option is without any evidence supporting that position 'TON has been approached by WGX to sell lithium assets valued by WGX at $30million in exchange for 357 million TON shares at 8.5 cents per share. TON management is undertaking due diligence before making comment on the option and has engaged blah to provide an independent valuation of the assets and to calculate the potential value of the royalty to determine if this provides value for shareholders etc. Due diligence is expected to be completed by blah. Should the independent valuation determine the option is value for money, the Board may choose to exercise the option and put it to vote by shareholders on blah date. This unsolicited approach by WGX highlights the value of TONs graphite assets and TON management remain committed to delivering those assets to production and value to shareholders as quickly as possible. "
Expand
I am on board with this, have been for some time I can lend x00k votes to this motion. Its a YES from me!
(20min delay)