Don't follow it that closely but often the issue with a capital hungry enterprise is locking in the funding of the mine. That's usually the news that explodes the crap out of these share prices. It's so hard to get non dilutionary funding of projects like this.
Large resources are good, so are off takes but it's when the money is in the bank and construction has started that large investors start doing their sums.
From the brief research I've done on TON they seem just as likely as any resource to access the type of funding they need, and if they do there will be a whole lot of hotcopperites shouting beers at a lot of bars around AUS, because a lot of people will make a ton off TON.
As with any resource company, until the money for mine development is in the bank, it's still risky (just look at the disaster that is SDL) as such huge pockets will be a tad coy.
Too much news is sometimes bad, page-3
-
- There are more pages in this discussion • 171 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TON (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.25M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 875937 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 550000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 875937 | 0.010 |
7 | 1090999 | 0.009 |
4 | 1632863 | 0.008 |
5 | 867619 | 0.007 |
4 | 848475 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 550000 | 1 |
0.012 | 1630007 | 7 |
0.013 | 500000 | 2 |
0.014 | 1499419 | 3 |
0.015 | 864929 | 4 |
Last trade - 11.53am 09/10/2024 (20 minute delay) ? |
Featured News
TON (ASX) Chart |
Day chart unavailable
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online