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.
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.54M |
Open | High | Low | Value | Volume |
0.7¢ | 0.8¢ | 0.7¢ | $12.05K | 1.667M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 297172 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 277927 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 297172 | 0.007 |
6 | 1341972 | 0.006 |
4 | 1999995 | 0.005 |
1 | 500000 | 0.004 |
2 | 1600000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 277927 | 1 |
0.009 | 595655 | 3 |
0.010 | 712032 | 6 |
0.011 | 210300 | 2 |
0.012 | 1217293 | 4 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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TON (ASX) Chart |