What Ive noticed in 2023 is that Triton don't deal in bs, well not the new Ton anyway.
Adrian Costellos last Couple of Marker Herald items were interesting from the standpoint of giving a clear idea of what Ton thought of the coming graphite fundamentals, 5 fold graphite basket price increase etc etc.as well as the forward progress of Ton.
NH ?
Well nothing so far but they r still pursuing NH. So as a couple of U guys have said its still not out of the question, NH may come back in some form or another.
No much has been said about the vanadium becos U really need to look at the coming market fundamentals with the container size redox batteries being installed worldwide.
Same with graphite but we all know that graphite is Lithiums little sibling. Not for long imo. Sir is good indicator here.
And on that point I always find the proximity of Syrs Balama and NH fascinating. Just that very early in the Mozambique graphite story Sir dint have the vanadium foresight Ton had. hence Ton previous sp of 60c from Ton reports a while back.
As renewables accelerate for grid supply, so will redox batteries hence the acceleration of vanadium demand in the next 5 to 10 years. NH, if it comes back, will realign to this fundamental market timing for vanadium.
Imo vanadium will, within the next 5 years become a major part of Triton as long as the litigation is sorted In Mozambique.
So we have not only more graphite demand for EVs but also the rather large demand for it for Redox batteries. a quick Wiki search tells volumes in this regard.
Chinese money will have a big say in Mozambique in the coming decade, if it hasn't already, with a fledgling graphite project not far from Ancuabe as reported in the Ton annmnts
The widening influence/control of the Chinese is no better illustrated with the recent Chinese implementation of the renewables and rare earths permits and the resultant coming renewables ommodities. Basically the Chinese now have the world demand economy by the balls with everyone else desperately trying to catch up. All we can do is follow along buying Chinese and Sth East Asias ever increasing products of quality. Take for instance the impressive Samsung OLED Tvs, Made in Vietnam , right next to China.China is so stretched with other production commitments that they r offloading to their satellite neighbours.
In fact we had Biden and Albanese meeting with Xi to sort out some form of resolution or.moderation of the permits.
Noting ventured nothing gained.
Up until then the US/ Chine relationshiship was frosty tstl.
Out of the blue comes this/these meetings. This is how influential renewables will become in the coming 5 to 10 years.
Nothing happening re Triton ?
Well there certainly is in terms of basic infrastructure at Ancuabe.
Triton cash burn has been minimal with only the above really happening and the necessary corporate stuff.
Imo developments will happen with Triton but only in a lead time response to the graphite and vanadium (?)
Some interesting little positive notes in some of the pure vanadium lays out there too.
I can only agree with Ur new year forward thinking on Ton Gazwins .
p9
TON Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
