Don't post that often recently as its a game of sitting it out and waiting although its been a very tiring journey for most. Not a lot of change in the top 20 as my position sits at number 3 with Captain Morgan Stubbs positioned not far below me in the combined brokerage account. Just of late I feel that PC and the rest of the Board have their hands tied and that includes our two Chinese Board members. The signing off of this finance is dragging its feet as this really surprises me as the Chinese are not slow when it comes to getting things done. Is this intentional one could ask The recent trade war between Australia and China has intensified of late with now Copper concentrate along with other items added to the list. Even Australia's finest Red wine is not excluded The Australian rock Lobsters shipments are also delayed in Shanghai in what is the latest trade escalation. So where does this leave Ton in what is only one of a few near term Large Flake producers out of Africa. I don't see our Chinese parties shooting themselves in the foot as we sure know how prizes our Kenmare Flake is to them and their downstream requirements I strong feel we won't see our "Let's go Mining" signal anytime soon but rather a full blown takeover of Ton's assets is on the cards
Question is at what price
TON Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
