Australian (ASX) Stock Market Forum

TON - Triton Minerals

There you are. The third Graphite player to jump on the news of China's export restrictions on Grapghite.

Up 45% at the moment. :laugh:
 
It is quite a long time ago I sold TON. The shares stood around 5c and suddenly leaped to 95c or so about 10 years ago before sliding back again. It was very much a problem with grades at that time that pushed the share price all the way back to 5c.
 
The recent decision by the Chinese government to impose export controls on Graphite from December 1. The Chinese government said the decision would "safeguard national security interests. Alongside China's export restrictions, has a positive impact on Graphite prices which have fallen since the start of 2023. The implications of China's export restrictions are positive both in terms of the likely impact on prices and on the long-term demand for Graphite producers outside of China.
 
The third Graphite player to jump on the news of China's export restrictions on Graphite.
but not quite unentangled from the cowboys..

Triton Minerals (ASX:TON) has initiated legal proceedings against NQM Gold Pty Ltd, a subsidiary of Shandong Yulong Gold Co., over non-payment of funds related to a 70% stake sale in its graphite assets. Despite multiple letters of demand, including a final request for A$8.5 million due by late February, Triton has not received payment. As a result, the company filed a writ of summons in the Supreme Court of Western Australia seeking recovery of the outstanding amount or damages in the alternative. The dispute casts a shadow over Triton’s earlier US$17 million sale agreement.
 


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