This position does not mean TON are finished with the mining sector improving of late. Companies like UXA Resources and Norseman Gold are sill surviving but out of the ASX under the three year rule; UXA about 31/2 years due to an ASIC/ASX extension.
So it's time to be patient and just let the administrators slowly do their job dealing with claims against the company and that usually drags on a long time.
There is a lot of interest in Graphite and Lithium that has been in over supply in recent years. Quality is a main factor and cost of infrastructure with no cash coming in.
TON Price at posting:
6.1¢ Sentiment: None Disclosure: Held
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