TON

18.2%

0.9¢ triton minerals ltd

Cya pal dun let the door hit you on the way out!

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Bloke485

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10/07/16

23:04

Post #: 18236336
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Originally posted by VF1 ↑

Yes - AJ (...and BB and AG) shafted by CC. How much did CC invest into Triton? $4M - No. $4,000 - yes.
Pathetic.
Big warning sign of someone who had his own agenda. Well we've all seen how its been played out.
Certain individuals float along with no accountability at all and with a CV that could feature as a "key career achievement" as "I don't know anything about graphite or junior explorers but I know how to put companies into administration to save my own skin and get a group of administrators do the job that I could not do myself".

As my final observation (again as a major holder of TON);
I came in to back a team that had exploration tenements around Ancuabe.
No resource but potential to discover one.
Fact: there are few other graphite products in the world that can achieve the purity, thermal integrity and expandability than Ancuabe graphite.
It is unique.
First lesson in graphite project assessment : if the project does not have grid power nearby then move no to the next project.
Ancuabe has grid power within 10-15km which although not ideal is better than any other graphite project in Africa. And less than 100km to port.
Triton delivered with a major game changing discovery at Ancuabe. As a bonus - at Balama North they discovered jumbo flake that comes close to the quality of Ancuabe.

But all said and done, any accretion of share price value is not related to project value as is evidenced by the sub-standard quality of Syrah's product and the challenges of being located far from any modern infrastructure. Remember that are moving large volumes of low value low margin material - not small volumes of high value product such as gold (1 ton graphite = ~17grams of gold in A$).

More for junior players - it is the skill with which "corporate" can sell a story and set up a JV or take-over situation.
It looked like AJ,BB and Co. had GK/AMG lined up for the ticket by creating over time, a good relationship with a traditional and cautious group of graphite experts . This takes an extraordinary and deep understanding of the explorer/developer space and in particular the graphite space. Seems GK/AMG have run for their lives.
Whether the new Triton can re-establish such relationships and rekindle a positive and exciting culture (like old Triton) and deliver, rather than run to a VA at the first sign of a challenge awaits to be seen.
For the new Triton management this, combined with the lack of any industry credentials in graphite whatsoever, will surely weigh upon the minds of any future investor. Its all about selling the story - not the product.

I was about to say good luck and farewell. But luck should have nothing to do with it.
So I will just say farewell.

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Cya pal dun let the door hit you on the way out!

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