I don't think management indicated any news is on the horizon... I could be wrong. But without news I can't see a price catalyst in the immediate future. Volumes are low, and have been since 40c to 90 and back to 30ish. So I wouldn't think there is a mass exodus. Rather slow bleeding until the company brings out news for the market to respond to. Certainly interesting and surprising that ton is drifting back. I thought it would have stabilised around 20c with a push to 30c on updates and progression. Anyway.... Can't fight the market. Just need to work out whether medium term there may be a return or whether to accumulate with a long term view that the deposit will be huge/grow and with great grades and an appropriate off-take/jv is achieved. Also that there is great economics to support development. I still think securing 20mill in this market is testament to the company. Even if more will be required down the track to get the mine up and running. Good luck to all holders, long and short term. No one wants to lose money, especially when they invest believing a company has great potential and a quality product.
TON Price at posting:
14.5¢ Sentiment: None Disclosure: Not Held
