Club Mulgoa

Saturday, August 10, 2013

TON

Other than one capital raising by GTE, my portfolio has been dead quiet.  But last week, when TON had a good announcement with its graphite find in Mozambique, the share price remained dead quiet too.  I put in a bid slightly below the market price and collected half of what I wanted.

Graphite uses will be greatly increased in the near future.  One recent Nobel Prize winner (including an Aussie expat in the USA who is... no longer an Ozzie) in Physics was for the extraction of graphene from graphite.  It has amazing properties.

The market is very harsh and good news are often ignored unless it is incredibly good.

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