1. Most Discussed
  2. Gainers & Losers
TON 5.3¢

Off Take FOMO

  1. lmw

    210 Posts.
    19
    Not sure if you agreed but the SYR Ann of today is a massive plus for the rest of the other graphite resource companies. The agreement is not only for Chalieco own use but also an exclusive distributorship for China markets which means SYR will not be able supply to any other companies there but through them (Chalieco). This perhaps explains the reason why it took SYR so long to announce an off take - anyone producer will not want to have its hand tied and the exclusive distributorship maybe seen as a negative.

    This completely opens up the Chinese markets for TON and others. Granted some graphite users will buy off Chalieco but if one is a competitor they will never do so unless there are no better choices. But they do have a choice - TON!

    Today's off take confirms Balama / MOZ graphite is acceptable and demand is across various sizes. Any competitor of SYR wanting to seek alternative supplier able to supply similar quality at varying quantity will take definitely look at TON. From a business point of view, the psychology of Chinese businesses is not to "lose out" and this maybe a start of signing up graphite supply deals before someone else grabs it. FOMO by the Chinese buyers!

    I think we will be seeing the upturn for TON, very soon.

    All own opinion. DYOR

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top

Thank you for visiting HotCopper

We have detected that you are running ad blocking software.


HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.