Has anyone else noticed TON come out of their suspension? It’s interesting because they managed to convince Chinese money (Shandong Tianye Mining Co. who I believe are the gold miner who bid for 50% of the Kalgoorlie super-pit, story below) to stump up $8m and they now hold a 20% stake in the company.
That super-pit deal appears to be under pressure.
But I wonder how this bodes for TON? The graphite market as a whole? And whether or not they’ll be able to get into production?
Currently I see SYR and KNL as certainties (one self-funded, and partially selling their product, and the other pre-selling their entire stage-one production and bank funding).
I suppose the question is did the VA time period cost them valuable time they could have been talking to customers, or does their major shareholder already have a potential Dragon buyer lined up?
The plot thickens… I’m not a fan of uncertainty in the industry, I mean more than is absolutely necessary, but this may have everyone crunching and re-crunching numbers, theories and analysis.
http://www.abc.net.au/news/2016-11-...algoorlie-boulder-super-pit-gold-mine/8042854
