I think sometimes we forget where the company was 2 years ago. Not only did the management have to start a new project but they also had to clean up the past mistakes. I’m sure if not for TON mark 1 we would have taken off better. Too many people burnt or too wary. I personally thing last Christmas’s deal didn’t help either. Very detrimental to SP movement. Really apart from that management have done everything they said they were going to do. Timelines have stretched but hey that’s normal have you tried to build a house on time.
Ancuabe has come a long way since then. We’re on the cusp of something big if financing can be achieved. Management have actually achieved a great deal in this time. From initial drilling to DFS to Offtakes and have contractors ready to go. No one can rush govt departments anywhere. They have someone in Moz working on that. Obviously financing has been stalled because of the licensing timeframes.
There isn’t too many spec or mining shares on the ASX who have done much this year. Especially in the new energy sector. Most are down and a lot more that TON. It’s now Christmas week then new year. Always stalemate this time of the year. Bring on the new year and go from there.
Cheers and Merry Christmas
TON Price at posting:
4.1¢ Sentiment: Hold Disclosure: Held
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