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11.1%

0.8¢ triton minerals ltd

Ann: Letter to Shareholders, page-130

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JewelsRules

23 Posts.

10/12/15

15:52

Post #: 16588220
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Originally posted by Prime1 ↑

It's to be hoped that the new management keep a watchful eye on shareholders' funds. First, it was Cobra Plains. Then that got dropped, and Nicanda Hill became the focus. Now Nicanda Hill appears to have been set aside, while Ancuabe and P66 get attention.

And all the while, money has been poured down drill holes - more than 400 of them, according to Pauldola. With very little of the results from them passed on to shareholders. We don't have a DFS, and, with the current prospective cash position, not much chance of affording one.

If Jaded's perceptive deduction is correct, and the CR is pulled, and replaced by a placement of about $5m to $6m, then there will be enough money to make the Grafex payment, and keep the business running (including those management salaries) for a few months. Enough breathing space? We can hope so. The new guys are experienced negotiators, and those skills are going to be called on over the next six months.

And if they do not raise $5m? Then, the situation would become much more difficult ...

Prime1

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Raise at .15 while trading around .10...

I'm sorry to say but I feel more will hit the exit short term...
With the longs well but this really is not a pretty picture....

Best Wishes JR

TON Price at posting: 10.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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(20min delay)
Last 0.8¢		Change -0.001(11.1%)		Mkt cap ! $14.11M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.8¢	$36.86K	4.272M

Buyers (Bids)

No.	Vol.	Price($)
9	915665	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	1185333	6

View Market Depth

No.	Vol.	Price($)
9	915665	0.007
6	1316666	0.006
3	1599995	0.005
1	500000	0.004
1	1000000	0.003

Price($)	Vol.	No.
0.009	1185333	6
0.010	1193037	3
0.011	127300	1
0.012	217293	3
0.013	560000	1

Last trade - 11.42am 03/09/2024 (20 minute delay)

TON (ASX) Chart