Australia's largest stock trading and investment forum Australia's #1 stock forum

TON

Click for more information

0.00%

1.0¢ triton minerals ltd

Hi Staz, the $1 amount is only a notional amount the VA allowed...

First 126 Last

Share
Profile

Follow
Names little

17,843 Posts.

1250

05/04/16

09:42

Post #: 17422474
Share

Originally posted by staz024 ↑

Perhaps Higgo only wanted to go into VA and pay $1? instead of $0.75m cash and $0.25m shares.

I don't know, but we must have gone into this VA for a reason - and that seems to me to be one of the more likely ones. We now know that the board had discussions with FH in early February - the whole creditor strategy could have been worked out then???????????
Perhaps the word around the legal traps in Mozambique was that the GCT issue was looking to play out in TON's favor.

I must admit I was very surprised that Mitchell Drilling was still on the list - although once again, maybe that was just Higgo wanting to send a message also. Don't bite the hand that fed you.

The flip side is that all is lost for current shareholders and as they say "are we there yet"?

Expand

Hi Staz, the $1 amount is only a notional amount the VA allowed for the purpose of the meeting, it seems to allow them to be present at the meeting without assigning any credence to the amount claimed as a debt. It's not indicative of any likely payment amount. That's how I see it anyway.

TON Price at posting: 6.1¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Wealth Within: Why the stock market isn't going to crash and more with Dale Gillham

RBA keeps rates steady at 4.35%, reflecting expectations

Revolutionary inverter technology leads the clean energy charge

From the Floor with Kim Beazley at Diggers and Dealers 2024

There are more pages in this discussion • 30 more messages in this thread...

First 126 Last

Add TON (ASX) to my watchlist

(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $15.68M

Open	High	Low	Value	Volume
1.0¢	1.1¢	1.0¢	$1.716K	171.1K

Buyers (Bids)

No.	Vol.	Price($)
1	152634	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	171872	2

View Market Depth

No.	Vol.	Price($)
1	152634	0.010
3	492152	0.009
3	351251	0.008
3	542850	0.007
1	250000	0.006

Price($)	Vol.	No.
0.011	171872	2
0.012	255512	3
0.014	83332	1
0.018	166666	1
0.020	2014245	3

Last trade - 15.57pm 06/08/2024 (20 minute delay)

TON (ASX) Chart