Club Mulgoa

Wednesday, August 21, 2013

TON

Another good news today.  At least, this time the share price went up.  But like many share prices of exploration companies, the euphoria only lasts for a short while so it will dip again unless there is another better news.

My last lot was bought at 5.6c early this week but my first lot was purchased at 6.8c in May after the forum.

Sooner or later, an Oriental company is going to swoop on this stock.  Most exploration companies are only interested in quick bucks.  Developing into a production company requires a lot of capital and under the present circumstances, few banks will lend money to unknown companies.  So it looks like that I will only be a temporary part-owner of TON.  But I am always happy to trade with profits.

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