the sp reflects the impatience, and the opportunity. the value...

the sp reflects the impatience, and the opportunity.

the value of a good fruit, or a rotten one, is whether the company has been ticking boxes, leading into a major de-risk event. (or not)

The real deal or the pretender ? that is what the ASX casino is in part, which separates the horses that can finish a race, than those that just run around in paddocks, eating grass.

Its a bet, like anything else.

Some stocks rise /fall on great potential , and so make trade the trade profitable, even without finishing a race.

Other stocks finish the race on deliverable.

There are few ASX specs that can tick all those boxes, from Grade, size, jurisdiction, logistics, offtake, forward commodity growth, low capex / debt (protect eps) to finish a cash cow that has made the bet profitable to EPS real.

If TON succeed on either of Ancuabe or Nicanda Hill JV, they transition out of the majority of ASX statistical failures, into the small pile of cash cows, that then can organically grow. (Nicanda west = ancuabe 2.0)

At what point does a take over beg, prior to a cash cow is nearing milking season ?

Does a NH JV, decide its better to buy the farm than just the cow ?