Going back to the Stone Age., page-18

In those 13 days (including today), Triton has released numerous of positive announcements including:
- Placement of $8.5m at 50 cents done the day before (17/7)
- Traded at 90.5 cents on 18/7
- Excellent Assays on 28/7 and 4/8
- Discovery of Balama South on 31/7

Trading wise, the market has trashed all of this to below the placement price by 12 cents or 24%.
- Total shares traded over the last 13 days were 258.7m shares out of the register of around 299.3m shares. THE REGISTER HAS ALMOST TURNED OVER ONCE.
- The VWAP over the last 13 days was 62.36 cents and now the share price is 38 cents. That is massive losses for the majority of holders.
- VWAP from the first assays (28/7) to now (5/8) is 51.68 cents with 154.7m shares traded over the last 7 days. This is with two outstanding assay announcements, everything and more than we were all waiting for.

Clearly the trend is DOWN and the volumes are increasing. Hedge funds must be selling out rapidly (It can't be traders, otherwise they would need to be shorting this stock to profit), this is despite some overseas graphite companies flourishing on no news. At 38 cents on the close, surely the bloodbath is close to an end. After all, the assays have been outstanding and more discoveries are uncovered as the drilling program continues.

Now Triton is only worth $114m in market capitalisation, just over $100m EV for what could be a bigger resource than Syrah. At its peak on 17/7, Triton had a market capitalisation of $271m. All I can say is this is a major retrace for a major player in the graphite industry. 38 cents was last seen on 30 June. All I say, is that this is one of the fastest downturns I have seen in a long time.