TON - Triton Minerals

AussiePaul72 · 7 February 2010

Re: TON - Triton Gold

condog said:
Paul we may see an announcment on Windarra tommorrow....even though they are presenting it to Posioden on 14th it is possible it could be released to market any time from the 8th to 14th.... keep your eyes tuned..

Yeah i agree Condog ...... could be any time from tomorrow .... and even if not presented to Poseidon yet they may release an announcement to ASX as an update to say its completed and ready for presentation

condog · 8 February 2010

Re: TON - Triton Gold

AussiePaul72 said:
Yeah i agree Condog ...... could be any time from tomorrow .... and even if not presented to Poseidon yet they may release an announcement to ASX as an update to say its completed and ready for presentation

They might prove me wrong now, but looks like they are making us wait to the 14th....no rush on this i need the announcment delayed a week or so anyway....

AussiePaul72 · 9 February 2010

Re: TON - Triton Gold

condog said:
They might prove me wrong now, but looks like they are making us wait to the 14th....no rush on this i need the announcment delayed a week or so anyway....

Yeah you could be right Condog .... may not release it till after presentation. Why do you want it delayed? You going to be away?
As much as i'm eager for the announcements to start being released, i'm also comfortable in waiting and have confidence in the TON management team

condog · 9 February 2010

Re: TON - Triton Gold

Need some cash to raise exposure....if it goes up now its no good to me i havent got enough to bother making it worth all the research.... no use pussy footing around once you go to all the effort to find these stocks...

Speculator · 9 February 2010

Re: TON - Triton Gold

Looks like you'll be getting your buy opportunity condog.

I'd consider adding but all funds are currently tied up.

OFF TOPIC

I still consider myself relatively new to this but is it just me or are there a number of the smaller reasource stocks which are currently massivley undervalued?

I suppose it depends on 'personal opinion'. I actually find myself getting nervous at times because I start believing the sp of some of these CO's are to good to be true... then those some nervs turn into green rolling dollar signs in my eyes.

Condog youve clearly been in the game a few seasons whats your opinion, these days showing us some of the best small cap reasource buying around (everyone still paniced by GFC?) or are there always this many sexy buys floating around in your crystal ball?

Solitus · 9 February 2010

Re: TON - Triton Gold

Speculator said:
Looks like you'll be getting your buy opportunity condog.

The spread between buyers and sellers is too wide, there won't be much buying at the 18.5c mark - the price movement on TON looks to me like sellers creating buy opportunities to increase their holding.

Lots of buyers see the low last-sale and don't increase their bid, and then as soon as a seller drops their ask to 19-20c, their shares get snapped up.

I've seen it a few times in the last couple of days on TON - had an order in at 19c yesterday, ask was 20c, and as soon as another seller appeared at 19.5, someone wiped them out and most of the 20c level in a single buy.

Holding a good couple of parcels at an average of 20.5, which I'm happy with - probably going to sit tight where I am and wait for the JORC confirmation of what's in the ground.

condog · 9 February 2010

Re: TON - Triton Gold

Speculator ive just had much more time lately to do the research thats required to find them.... there seem to be nearly always lovely little gems that the market either ignores or hasn't noticed..... but having the time to cast a really good look through their reports is the biggest task...

There are also it seems many people that do not or cannot bring themselves to place a value on a stock that has no revenue stream....and hence many are ignored or massively discounted due to that risk, percieved or real...

There presentations often paint a rosy picture but you really need to cross check there financials, for a few quarters and sometimes a few years to ensure they arent cooking the books.....to make sure they are actually attaining real value for the investors, rather thenn just drawing wages from investor capital..... then you have to cross check the resource they are claiming is good that many others are also singing its praises.... and that takes a bit of time to get to the point where you can throw a lot of money at it....

Right now my favourites are VIL, TON, AUT and HEG.....but DYOR...I can and do get some of these horribly wrong....they are inherintly very very very risky, but the reward can be monumental.... and the more research you do the more you can either manage or reduce the risk....

jancha · 10 February 2010

Re: TON - Triton Gold

Solitus said:
The spread between buyers and sellers is too wide, there won't be much buying at the 18.5c mark - the price movement on TON looks to me like sellers creating buy opportunities to increase their holding.

Lots of buyers see the low last-sale and don't increase their bid, and then as soon as a seller drops their ask to 19-20c, their shares get snapped up.

I've seen it a few times in the last couple of days on TON - had an order in at 19c yesterday, ask was 20c, and as soon as another seller appeared at 19.5, someone wiped them out and most of the 20c level in a single buy.

Holding a good couple of parcels at an average of 20.5, which I'm happy with - probably going to sit tight where I am and wait for the JORC confirmation of what's in the ground.

The spread sheet between buyers & sellers is too wide?
3 buyers in waiting! Wow lot of interest here!

Speculator · 10 February 2010

Re: TON - Triton Gold

condog said:
Right now my favourites are VIL, TON, AUT and HEG.....but DYOR...I can and do get some of these horribly wrong....they are inherintly very very very risky, but the reward can be monumental.... and the more research you do the more you can either manage or reduce the risk....

Hey Condog

If you add PEM, MAU, CAP and GRR to your list wed be looking at very similar portfolios (resources anyway)....given there would be a lot more zeros in some significant locations in yours, ha!

Hopefully TON will give us a heads up soon

Miner · 11 February 2010

Re: TON - Triton Gold

I looked at TON which is hardly trading today but the buyer and seller positions are interesting (for me !)

Four buyers for 425000 units and 21 sellers for 516000 units.

So there could be some big players waiting for bargain prices and small players are panicked to get their money back.

Please see attached screen shot.

Disclaimer : I hold

jancha · 11 February 2010

Re: TON - Triton Gold

Miner said:
I looked at TON which is hardly trading today but the buyer and seller positions are interesting (for me !)

Four buyers for 425000 units and 21 sellers for 516000 units.

So there could be some big players waiting for bargain prices and small players are panicked to get their money back.

Please see attached screen shot.

Disclaimer : I hold

I think your about one thing Miner & that there's hardly any interest in it at all.
I think your dreaming about big players waiting for a bargin price unless you class the total 4 buyers at 425000 units as big buyers.

condog · 11 February 2010

Re: TON - Triton Gold

Not a lot of buying interest given the possible announcments pending in the next month....

Its got to be approaching bargain territory.....IMO

Disc- i hold, DYOR, and seek expert advice...

AussiePaul72 · 11 February 2010

Re: TON - Triton Gold

Miner said:
I looked at TON which is hardly trading today but the buyer and seller positions are interesting (for me !)

Four buyers for 425000 units and 21 sellers for 516000 units.

So there could be some big players waiting for bargain prices and small players are panicked to get their money back.

Please see attached screen shot.

Disclaimer : I hold

What a difference a day can make ...... I couldn't believe my eyes when it got down to under 5 buyers ...... only extremely small volume of 8500 went through at lunchtime today at 17.5c ...... which must have triggered BUY territory for many watching from the sidelines cos by end of day there was ....
12 buyers for 791,500
21 sellers for 516,040
Lots more interest on the buy side where as sell side virtually hasn't changed

jancha · 11 February 2010

Re: TON - Triton Gold

AussiePaul72 said:
What a difference a day can make ...... I couldn't believe my eyes when it got down to under 5 buyers ...... only extremely small volume of 8500 went through at lunchtime today at 17.5c ...... which must have triggered BUY territory for many watching from the sidelines cos by end of day there was ....
12 buyers for 791,500
21 sellers for 516,040
Lots more interest on the buy side where as sell side virtually hasn't changed

Depends on how you look at it.
Personally I feel it's the same with most shares when they drop far enough in price.
Drop down enough and the spec buyers come into it.
Didn't see too many buys above 18.5c & the bigger buyers are down the ladder.
Would rather see some support around the 20c mark.

Miner · 11 February 2010

Re: TON - Triton Gold

AussiePaul72 said:
What a difference a day can make ...... I couldn't believe my eyes when it got down to under 5 buyers ...... only extremely small volume of 8500 went through at lunchtime today at 17.5c ...... which must have triggered BUY territory for many watching from the sidelines cos by end of day there was ....
12 buyers for 791,500
21 sellers for 516,040
Lots more interest on the buy side where as sell side virtually hasn't changed

Hi Aussie Paul

You are very right on the volume of buyers and sellers.

I saw some one wanted to buy at 12 cents. Now if he or she is a serious buyer why 12 cents to buy ? Hypothetically John Smith or Mary Anne can bring the position up or down with a fictious purchase figure with a large volume. It will never happen unless there is a real slump.
On the other hand, some one can put a sale figure at astronomingly high price. The difference is since short sell is prohibited legally one can not put a sell price for a number of shares unless he or she got them under hold. Unfortunately for buyer it does not matter.

Pleaes educate me here as I have seen often in many stocks not just in TON one minute before the buy price becomes very high compared to sell price. When market opens then those buy prices vanish. The brokers are good in manipulating such numbers. So I do not know but do not get too fazed about low moving stocks when the buyer price and seller price are too wide.

I am holding TON and surprisingly got my buy order executed at 18.5 cents but still failing to understand the logic.

Regards

Miner · 11 February 2010

Re: TON - Triton Gold

condog said:
Not a lot of buying interest given the possible announcments pending in the next month....

Its got to be approaching bargain territory.....IMO

Disc- i hold, DYOR, and seek expert advice...

Hi Condog

How are you doing ?

I thought from the communication posted in this thread that some announcement about the feasibility study will be posted by TON this week, some said mid Feb and now you said next month.

Does any one know who is the consultant providing this feas report with such a flexible dead lines ? Writing feas report is one of my main tasks to earn the bread but I have never got a client with such a moving target.
Totally cofused

condog · 11 February 2010

Re: TON - Triton Gold

Miner said:
Hi Condog

How are you doing ?

I thought from the communication posted in this thread that some announcement about the feasibility study will be posted by TON this week, some said mid Feb and now you said next month.

Does any one know who is the consultant providing this feas report with such a flexible dead lines ? Writing feas report is one of my main tasks to earn the bread but I have never got a client with such a moving target.
Totally cofused

The Wyndarra scoping study gets presented to Posiedon on the 14th Feb so they have to release it to the market at or before that time....

Drilling at both projects is continueing through feb and march...hence the expected announcments over the course of the next month...

AussiePaul72 · 12 February 2010

Re: TON - Triton Gold

Miner said:
Hi Aussie Paul

You are very right on the volume of buyers and sellers.

I saw some one wanted to buy at 12 cents. Now if he or she is a serious buyer why 12 cents to buy ? Hypothetically John Smith or Mary Anne can bring the position up or down with a fictious purchase figure with a large volume. It will never happen unless there is a real slump.
On the other hand, some one can put a sale figure at astronomingly high price. The difference is since short sell is prohibited legally one can not put a sell price for a number of shares unless he or she got them under hold. Unfortunately for buyer it does not matter.

Pleaes educate me here as I have seen often in many stocks not just in TON one minute before the buy price becomes very high compared to sell price. When market opens then those buy prices vanish. The brokers are good in manipulating such numbers. So I do not know but do not get too fazed about low moving stocks when the buyer price and seller price are too wide.

I am holding TON and surprisingly got my buy order executed at 18.5 cents but still failing to understand the logic.

Regards

Hi Miner ........ you have done well to pick up a parcel of TON at 18.5c. In relative terms there has been very little volume traded EVER in TON's history to date below 18.5c. Personally, I don't believe the sp has dropped due to anything leaked from Windarra feasability study or drilling results ...... it has dropped on relatively light volumes in general and coincided with market sentiment and downturn over the last few weeks. I think there is still plenty of interest in TON as the larger orders on buy side (100,000+ orders) are not just sitting at the lower levels of around 12c but also sit at 14c, 15.5c and 17c ....... creeping up the scale as i think buyers realise there is very little volume going through at current levels.
Good luck to all ...... please DYOR .... i'm holding both TON and TONO

Miner · 12 February 2010

Re: TON - Triton Gold

condog said:
The Wyndarra scoping study gets presented to Posiedon on the 14th Feb so they have to release it to the market at or before that time....

Drilling at both projects is continueing through feb and march...hence the expected announcments over the course of the next month...

Thanks Condog for the clarification.

Let the begining of Chinese New Year brings some stimulus to the market and hence on tons of TON on 14 Feb which is Valentine's Day (?) and Sunday (for me to restart social tennis)

condog · 12 February 2010

Re: TON - Triton Gold

Miner said:
Thanks Condog for the clarification.

Let the begining of Chinese New Year brings some stimulus to the market and hence on tons of TON on 14 Feb which is Valentine's Day (?) and Sunday (for me to restart social tennis)

Yeh about a week ago i realised the 14th was a Sunday which is weird, but thats the date they gave me when i emailed and asked....

Theres been no announcment today yet so im guessing monday prior to open we should expect to see the scoping study on the asx...

TON - Triton Minerals

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