TON 10.0% 0.9¢ triton minerals ltd

Ann: WGX: Westgold Lithium Option Deal with Triton Minerals, page-511

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 233 Posts.
    lightbulb Created with Sketch. 20
    Yeah hard not to speculate given how little detail is in the announcement.

    I've been very vocal in my opposition to the 'option' as announced because I don't agree with giving up 31% of the company at these prices and I don't agree with timing of the announcement/option considering we should be within weeks of signing a financing agreement and binding offtake with Sinoma.

    Unfortunately I can only speculate how myself and the market might have reacted to this announcement if it came after financing and offtakes for Ancuabe, in say two-three months and on more favourable terms (less percentage).

    We could have been sitting on 30+ cent share price and giving up 10% of the company for whatever it is we're getting from the option (can only speculate on that because of so little detail in the announcement).

    Still think we'll be $1b market cap in the next 3 years.
    Last edited by Trask: 28/12/17
 
watchlist Created with Sketch. Add TON (ASX) to my watchlist
(20min delay)
Last
0.9¢
Change
-0.001(10.0%)
Mkt cap ! $14.11M
Open High Low Value Volume
0.9¢ 1.0¢ 0.9¢ $28.26K 2.949M

Buyers (Bids)

No. Vol. Price($)
6 1300888 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 733883 3
View Market Depth
Last trade - 16.10pm 13/11/2024 (20 minute delay) ?
TON (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.