The only way is up, page-3

Based on what? Your usual Investment methodology of "hope"?

They've been in Voluntary Administration since March.

New Management.

Talk of hugely scaling back their (quite frankly ludicrous) plans from "Superpit" to "Boutique".

A market cap of $40M already.

That doesn't inspire much confidence to me in the slightest.

The thousands of shareholders unlucky enough to get caught with their pants down, will have written the money / company off, and will bail at the first opportunity.

I'm hoping that's the case, so there are short term bargains to be had. I'll be watching closely on the 6th, with a view of buying back in. They have the resource, there's no doubt about that.

I still think there's every chance Ton 2.0 will be a success, if Management take a more intelligent, methodical and realistic approach.

One thing for sure, they need to shrug off the BB Used Car Salesman image, and reinvent themselves as a professional mining company, who mean business.

Good luck to those who's capital was trapped these last 8 months. Holders deserve better than what they've been dished up over the last year or so. It's been farcical.