Capraise what you say has merit, however some of us make investment decisions in good faith from what fundamental information a company discloses to the market is both accurate and truthful.
Case in point:
Triton update on 13th march 2018
First production anticipation 2019
lower capital costs through leveraging procurement relationships, non dilutive funding for Ancuabe, Debt financing of up to 85% of the EPC contract sum on competitive terms representing a significant discount to more traditional sources of debt finance
Sinosteel and MCC proposed options to defer part of the EPC contract amount for a period of 3 years reducing the level of upfront financing required in 2018
In addition, commercialisation of Nicanda Hill graphite and vanadium project may provide the oppotunity for non-dilutive funding for Ancuabe
190% increase in vanadium prices
Interested parties seeking to joint venture and develop Nicanda Hill
Supportive government in what is the premier graphite region of the world
So with this information I decided not to press the trigger and hold onto my shares. Yes the price was going down but with the same trending updates announced by PC, I disregarded the daily share price fluctuations and believed in our leadership team. My focus was the end game and I am sure other holders here thought the same. It is also advantageous for Triton that holders like myself believe in the project providing stability by not trading pips, hang onto the shares, and ride out some of the bad times.
I believe its time the leadership team either delivers and rewards shareholders or gives them the recognition of informing them what the hell is genuinely going on. I also hope PC has learnt from his reckless decision making and gives us the respect of NOT dumping a dud and vague deal the days leading up to Christmas.
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