Club Mulgoa

Wednesday, March 05, 2014

TON

Recently it announced its resource at one site.  The market didn't like it for a very strange reason.  That announcement only covered ONE site; made very clearly, too.  And it is not the main site.  In addition, the discovery of graphite in that tenement is being extended by further drilling.  So why has the share price fallen is always fascinating.  You really wonder who these sellers are.  Lemmings?  Manipulators?  Idiots?  People in the know (of further negatives)?

Almost certainly, this stock will be taken over.  Most likely by a smart Chinese company...  However, the Japanese and Koreans are also scouring around, even Singaporeans who live in the world's most expensive city.

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