Yep your completely right about SYR not having to go to banks etc. Thats why when they raised money at $6.00 and the sp tanked considerably since and the brokers concerned have shorted SYR ever since. There are not too many opportunities where a miner can completely fund themselves as you would know. TON will build a mine for under $100 million whereas SYR have raised approx $300 million. Yes SYR have the capacity to mine 300,000 Tonnes per year and TON ONLY 60,000 per year BUT and a big but TON will get nearly three times as much for their Graphite so in reality down the track who is better off. I leave that one for you. I don’t like comparing the two companies as I hope all SH do well on both sides. You say your not interested in the Graphite sector so I must say a big thankyou to you for looking out for us TON SH. I may not be a good investor and that has been proven to me as I’ve had many sleepless nights over the past few years but I’m sticking it out now. See where I am in two years. You talk about other shares on the ASX. Boy oh boy a lot have taken a hit this year regardless of what they have achieved . Maybe it’s time you looked out for their SH and leave us alone. Thanks for your concern.
Cheers
TON Price at posting:
4.4¢ Sentiment: Hold Disclosure: Held
(20min delay)
