Club Mulgoa

Wednesday, July 09, 2014

TON

There is a rumour going around that one of the world's biggest mining house, Glencore, is making an informal approach to SYR, the owner of one of the biggest graphite deposits.  The same lode extends into TON's tenement, adjacent to SYR's.

I paid an average of 6.4c for my parcel and today, it went up by 7c.  SYR went up even higher by more than 20%.  I nearly sold a small parcel of TON at 49.5c but took it off the market soon after.  I will now wait for it to go beyond 10X (a ten-bagger) before making the next move.

This compensates for some other major losses!

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