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0.9¢ triton minerals ltd

Ann: Fully Underwritten Placement TONOD Options Update, page-20

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BigDaniel

3,872 Posts.

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16/01/19

09:53

Post #: 37128021
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Originally posted by stevenjd ↑

at this point its about asking, what is the probability of the mining licence being officially signed off, when it has already been approved by INAMI

"Triton Minerals Limited (Triton or the Company) is pleased to report that it has received confirmation from the Mozambique Ministry of Mines (INAMI) that it has successfully completed the assessment of the Ancuabe Mining Concession application and that the application has been approved by INAMI and passed to the Minister of Mineral Resources for final approval and signing on behalf of the Mozambique government. Managing Director, Peter Canterbury, said Ministerial approval is the final step in the mining concession application process and a critical step in enabling Triton to secure funding for the Ancuabe Graphite Project in Mozambique. “The Board is extremely pleased that the government of Mozambique has supported the development of this world class asset. Mozambique has a long and proud history of mining and both regional and national government bodies have been extremely supportive during the permitting process further reinforcing that Mozambique is a premier location for mining in East Africa. Importantly this progress in the Mining Concession greatly assists in the finalising of our financing discussions"

BigDaniel, perhaps you could ask David next time, what the odds are. Is it 100% ? (and just a matter of process) or is it something else.

I dont mind waiting, when there is a 100%. That infact is ideal investment profile for me. Finding the depressed share price with a very high prob of price catalyst.

I'm going to either pull the trigger on my ops next monday, or just hold with the ones i've purchased on market. Its about exposure levels for me. Sometimes good to overload the train wagons, sometimes good to have the spare cash to get to the buffet carriage.

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Already did mate.

They are their own seperate announcements.

Mining concession was a requirement of financing & I'm pretty sure David meant both INAMI & minister signature.

Logically who would approve financing without the full approval?

Cheers.

TON Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
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