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1.1¢ triton minerals ltd

SYR comparison, page-2

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ddwn

12,402 Posts.

3370

19/05/15

20:18

Post #: 15310946
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Originally posted by Squadger ↑

From the GMP report on TON dated 1 April 2015, which compares TON with SYR in some detail,

"One of the key differences between the two companies is market capitalisation. Syrah is currently valued 3.33x Triton on the ASX. This seems strange given TON’s larger resource at slightly better grade graphite and vanadium, better offtake and otherwise similar qualities ......."

The MCAP ratio has now increased to 5.78x .

If the MCAPs were equal and the SP of SYR is fair at $4.14 , given there are 165.22m SYR shares and 334.98m TON shares(ASX figures), TON's SP should be
4.14 * 165.22/334.98=$2.04 not $0.34. Seems inconsistent with TON's current risk factors.

The GMP report puts TON in front at 1 April and following TON's recent statements it should be even further in front now IMHO.

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I just don't get it, from the 1st of April - TON had some great annc, and yet the prices is back to roughly the same levels as it was - so all these great annc has been discounted?

So, I just don't get it - and this reminds me of a quote, it goes something like...
"The market can remain irrational longer than you can remain solvent"
But, I'm planning to stay solvent - this time around

TON Price at posting: 34.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.1¢		Change 0.000(0.00%)		Mkt cap ! $17.25M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.0¢	$2.877K	265.7K

Buyers (Bids)

No.	Vol.	Price($)
3	326857	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	352520	1

View Market Depth

No.	Vol.	Price($)
3	326857	0.010
6	1501151	0.009
8	2070529	0.008
7	1817850	0.007
2	416660	0.006

Price($)	Vol.	No.
0.011	352520	1
0.012	491367	5
0.013	1538461	1
0.014	200000	2
0.015	1333333	1

Last trade - 16.10pm 16/07/2024 (20 minute delay)

TON (ASX) Chart