TON

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1.0¢ triton minerals ltd

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robbo24

10,940 Posts.

1757

05/12/16

09:15

Post #: 21098921
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Originally posted by mrplough ↑

Based on what? Your usual Investment methodology of "hope"?

They've been in Voluntary Administration since March.

New Management.

Talk of hugely scaling back their (quite frankly ludicrous) plans from "Superpit" to "Boutique".

A market cap of $40M already.

That doesn't inspire much confidence to me in the slightest.

The thousands of shareholders unlucky enough to get caught with their pants down, will have written the money / company off, and will bail at the first opportunity.

I'm hoping that's the case, so there are short term bargains to be had. I'll be watching closely on the 6th, with a view of buying back in. They have the resource, there's no doubt about that.

I still think there's every chance Ton 2.0 will be a success, if Management take a more intelligent, methodical and realistic approach.

One thing for sure, they need to shrug off the BB Used Car Salesman image, and reinvent themselves as a professional mining company, who mean business.

Good luck to those who's capital was trapped these last 8 months. Holders deserve better than what they've been dished up over the last year or so. It's been farcical.

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I agree. I really hoped that king louie learned his lesson about hyperbole but it seems he has not. Posting these types of inane and unrealistic comments may have lured in many naive investors in the past and I feel very sorry for those who were. Here's a chart I posted not long before TON went into VA:

TON Price at posting: 6.1¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $15.68M

Open	High	Low	Value	Volume
1.1¢	1.1¢	0.9¢	$18.75K	1.782M

Buyers (Bids)

No.	Vol.	Price($)
4	963342	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	942417	3

View Market Depth

No.	Vol.	Price($)
4	963342	0.009
2	760000	0.008
7	2449619	0.007
6	3008475	0.006
3	999995	0.005

Price($)	Vol.	No.
0.011	942417	3
0.012	328213	5
0.013	300000	1
0.014	400000	1
0.015	622429	3

Last trade - 15.27pm 13/09/2024 (20 minute delay)

TON (ASX) Chart

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