TON - Triton Minerals

[System]

On March 6th, 2013, Triton Gold Limited changed its name to Triton Minerals Ltd.

 

[noirua]

Surveying in Mozambique is about to start and this small explorer now turns to graphite with graphene hopes. Close on to Syrah Resources SYR finds, so promising. One for followers of graphite, these days in the headlights.

 

[noirua]

Surveying in Mozambique is about to start and this small explorer now turns to graphite with graphene hopes. Close on to Syrah Resources SYR finds, so promising. One for followers of graphite, these days in the headlights.

Some 70% up on the rights Issue and placing last week alone. Next door to Syrah Resources SYR are micro-cap Triton and hoping for similar results to them. One of those reasonably positive gambles after SYR's drilling results - worth some research and I'm pleased I did.

 

[noirua]

Some 70% up on the rights Issue and placing last week alone. Next door to Syrah Resources SYR are micro-cap Triton and hoping for similar results to them. One of those reasonably positive gambles after SYR's drilling results - worth some research and I'm pleased I did.

Now listed with those interesting words, 'Trading Halt'. Awaiting exploration results in Mozambique and for those sitting on shares and options, a nervous time -- but exciting all the same.
Most hope for a 100% profit on the results so far; cant be that outstanding yet as it's early days. Syrah are alongside and that adds encouragement.
Have thought the stock interesting for a while now and like management that are trying over the odds for shareholders.

 

[noirua]

23/4/2013 -TRITON MINERALS LIMITED - Triton locate graphite outcropping at Ancuabe - BRR Media webcast
http://www.brrmedia.com/event/111451/brad-boyle-managing-director

 

[pixel]

Mr Jenks seems to be insatiable: http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01410500
Picked up another couple of Millions. What secrets does he know, I wonder?

 

[noirua]

Mr Jenks seems to be insatiable: http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01410500
Picked up another couple of Millions. What secrets does he know, I wonder?



An interesting speculative stock that needs to find high grade large to jumbo flake graphite. If it manages as well as SYR then the present market cap around $13m will be far too low, however, it's still early days for this explorer.

 

[noirua]

TON have 10% interests in drilling targets at Bulls Eye and Similkameen in the Fraser Range, presently being drilled by Matsa. Sirius SIR, Enterprise ENT, and Ram RMR are nearby.

 

[rbgmauq]

TON has found support at 0.071. On the upside, it is facing the resistance of 0.09. MACD indicator is increasing. http://au.stoxline.com/q_au.php?symbol=ton&c=ax

 

[pixel]

TON has found support at 0.071. On the upside, it is facing the resistance of 0.09. MACD indicator is increasing. http://au.stoxline.com/q_au.php?symbol=ton&c=ax

That's how I see it too:



I bought a speccie position: 7c stop, 9c target; risk .3, reward 1.7 (or more) (or less )

 

[noirua]

There has to be something in the chart indications as investors buying and selling helped create it.

Has the negative attitude to miners and especially micro-cap explorers made them overlook the possibilities here. Holders of Triton may well see the company as the next Syrah Resources SYR combined with 10% interest in Matsa's present drilling activities in the Fraser Range as a taste of Sirious Resources SIR thrown into the pot.

Exciting times at Triton Minerals TON but no guarantees of course.

 

[noirua]

There has to be something in the chart indications as investors buying and selling helped create it.

Has the negative attitude to miners and especially micro-cap explorers made them overlook the possibilities here. Holders of Triton may well see the company as the next Syrah Resources SYR combined with 10% interest in Matsa's present drilling activities in the Fraser Range as a taste of Sirious Resources SIR thrown into the pot.

Exciting times at Triton Minerals TON but no guarantees of course.

*
http://www.stocknessmonster.com/news-item?S=TON&E=ASX&N=646148 - 21 August 2013
BALAMA NORTH PROJECT
“COBRA PLAINS PROSPECT” DRILLING INTERSECTS
109 METRES OF GRAPHITE
HIGHLIGHTS:
● Intersection of 109 continuous metres of Graphite Mineralisation on Drill Section 1;
● Extends potential strike length...
Triton Minerals Limited (ASX: TON, “Triton”, “the Company”) is very pleased to confirm that additional drilling on License 5365 in the Balama North Project, has intersected further substantial graphitic mineralisation. This drill target area has recently been named Cobra Plains by the Company.
Triton Managing Director Brad Boyle said “Once again the Cobra Plains Prospect continues to deliver significant visual findings of graphite mineralisation during this drilling program...

Market is basically unimpressed by this drilling of TON's second best target - "get on drilling the best and see if you can come up with 10% graphite in Jumbo flakes", it says...

 

[noirua]

Going great guns are Triton Minerals over there in Mozambique: TRITON MINERALS LIMITED (TON) - BRR
http://www.brrmedia.co.uk/mobile/asx/TON/triton-minerals-limited/


The stockies Competition is underway and link below to vote -- ASF needs you.:aus:

 

[piggybank]

There was announcement made by the company today (15th Jan) - PAC Partners Equity Research Report.

However when I went to the companys site to read it, the link wouldn't open

 

[metal_loz]

Good graphite grades released yesterday. Company right next door to SYR. Should be interesting to see how this one goes.

 

[pixel]

Good graphite grades released yesterday. Company right next door to SYR. Should be interesting to see how this one goes.

Across the road, a poster (big ramper of SYR) keeps rubbishing Triton's results.
As far as I can interpret the fundamental side, there is not a great difference between the two, except that TON is a few months behind SYR, but a few miles closer to the port. Lower cartage won't matter much. The timing does though: Imagine SYR could tie up most, if not all, loading berths at the port.

To me, the thing that matters most is Market Action. And that demonstrates some serious profit taking.



Momentum (in MACD) suggests more downside (buying opportunity???) to come.
I'm no longer holding any, but have a few alerts set.

 

[metal_loz]

Across the road, a poster (big ramper of SYR) keeps rubbishing Triton's results.
As far as I can interpret the fundamental side, there is not a great difference between the two, except that TON is a few months behind SYR, but a few miles closer to the port. Lower cartage won't matter much. The timing does though: Imagine SYR could tie up most, if not all, loading berths at the port.

To me, the thing that matters most is Market Action. And that demonstrates some serious profit taking.

View attachment 56479

Momentum (in MACD) suggests more downside (buying opportunity???) to come.
I'm no longer holding any, but have a few alerts set.

I also noticed that someone is bashing TON across the road for no good reason. Maybe they are trying to push the price down.

 

[metal_loz]

The Managing Director mentioned at last weeks presentation that the trenching assay results will be released this week. If they come out positive like the last set of results, we should see a surge in the SP. Currently it has consolidated at the 12c level.

 

[Anmar]

4th June

Triton Minerals announced that based on geological observations, the company has intersected significant graphitic mineralisation over a considerable thickness at the Nicanda Hill prospect on the Balama North project. Diamond drill hole (GBND0001) intercepts 316m graphite mineralisation from close to surface, finishing in graphite mineralisation and remains open at depth. Based on drilling completed, the mineralised zone is likely to deepen beyond the 316m, further northwest where the zone is open. The graphite mineralisation appears visually similar to graphite schist intersected in previous diamond drilling on the Nicanda Hill prospect. A diamond and RC drilling program is continuing to drill test for graphite mineralisation within the +5km-long conductive zone defined in the company's VTEM survey data.

The market liked the announcement and SP rose 140% to $0.420 today.

 

[noirua]

Triton rose about 750% from its 12 month low point and delivered us a truck load of cash. Much needed to cover some of my bad losses on UXA and WEC, caused by hanging on too long and keeping that, so called, faith. Best of luck to those holding on, looks good.