TON 10.0% 1.1¢ triton minerals ltd

Nothing Different - Still High Grades

  1. 9,247 Posts.
    lightbulb Created with Sketch. 888
    Triton is still unloved. A big holder needs to show faith, otherwise this is headed for a major fall. If the placement holders haven't exited yet they are currently sitting on losses.

    My take:
    - Still high grades just like the ones reported on the 28 July, if not even higher grades in areas
    - There was less than 100m of assays reported, yet that was enough for the market to judge Triton
    - Now there is Vanadium (similar to Syrah in style)
    - More RC holes still ending in mineralisation or some existing holes mineralisation extended by 100m
    - Common pump on the news and dump soon after (this time up 7.5c or 16% on open, and then up 11.5 cents in its peak and then dumped to close 14 cents lower or down 5% from the previous days close)
    - A very high volume trading day, hence I would expect a technical correction

    Competitors:
    KNL - Up 14% on no news
    UNX - Steady
    SYR - Down 3% after expert appointments
    BUX - In a trading halt (probably more outstanding assays)

    Surely there is a technical correction that will follow, hopefully positive as I can't see any negative news.
    Last edited by prosperity: 04/08/14
 
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Last trade - 15.33pm 22/08/2024 (20 minute delay) ?
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