With $6mill traded in SYR on a 11% rise in G prices , i would think TON with an announcement like $90mill in funding should get a similar move on.
At the 6c level to jump onboard TON with 1mill shares will set you back $60,000. A $6mill trade or lets even half or quater that we are looking at a substansial rerate just on fomo alone before the ann drop imo.
The drop of the Ann itself with supporting offtakes as BigD has been discribing would ice the cake and set TON up near Syr. Syrah may have a mine but they also have cash burn in the $10s mill level per quater and manage to be at 40c.
Now with full funding, no further capital raisings, further opportunities to make cash with jvs etc and greater basket prices for TONs product should we look at a rerate higher than SYR ?
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With $6mill traded in SYR on a 11% rise in G prices , i would...
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.73M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.1¢ | $13.54K | 1.182M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 286325 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.3¢ | 282033 | 2 |
View Market Depth
No. | Vol. | Price($) |
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2 | 286325 | 0.012 |
10 | 2067668 | 0.011 |
8 | 1217284 | 0.010 |
2 | 211105 | 0.009 |
4 | 512500 | 0.008 |
Price($) | Vol. | No. |
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0.013 | 282033 | 2 |
0.014 | 276923 | 3 |
0.015 | 190000 | 2 |
0.016 | 399875 | 2 |
0.017 | 153846 | 1 |
Last trade - 10.23am 27/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
1.2¢ | 1.2¢ | 1.2¢ | 97500 | ||
Last updated 10.23am 27/05/2024 ? |
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