TON - Triton Minerals

[hdin015]

Re: TON - Triton Gold

overdue news very overdue something must be wrong. poeple selling from 12 cent. when you send email to Mr CEO's they always say that everything on process news coming soon. hell man when? how long does it take these results almost end oj june. look at Doray Minerals. this is a good company. people says never trust management. probably it is true.
so from here i have two scenario
first Triton has really good results from drilling so big players try to get more shares from small players with waiting game
second results are not good so big players short selling so at least they can make some money with these way but if the results are not good Triton share price should go up before the news release because only that way they can sell some shares.
so most likely the news are good so before news come big players try to get more.
so AussiePaul72 and me have to wait . 6 million dollar company with minimum 100million dollar gold mining

 

[noirua]

Re: TON - Triton Gold

I remain waiting patiently with my small holding in Triton. Cash available in March was $3.17 million and probably now around $2.8 million. The lower stock price means that options will not be taken up and a placing or rights issue may be needed in 2010 or early 2011.

 

[Miner]

Re: TON - Triton Gold

I reviewed TON after long time since last visited.
This share has something wrong and probably manipulated heavily by short term traders for their own benefits.
At 9 PM Perth time I visited Commsec Site to see what is the buy and sell situation. I noticed there are only about 250000 shares to buy in between 10 to 11.5 cents price range. Some one placed a big order (or two orders) of a volume of 1.27 Million at a price of 1 cents. That is ridiculously low. I can not place such price through Commsec. So obviously some one placed through his or her own brokers just to show the no of buyers are more than sellers.
On the other hand the sell orders are for 1.5 million shares spreaded between 6 sellers for a consideration of 12.5 cents to 20 cents.

The market news was published today after the closing so unless DOW drops down on Wednesday after a heavy rise of Tuesday, TON holders could have some good fortunate on the base of report released.

I DNH and not planning to enter for a while for various reasons. DYOR and do not get bogged down if your research is sound.

I used to hold and published this to share with others.

Cheers and Good luck

 

[hdin015]

Re: TON - Triton Gold

i am agree with you Miners. something is wrong. but still very cheap company. but all the small players selling so this is what they want. but i am still bullish with ton. the biggest rule of stock market is that when everybody selling you buy it when everybody buying you sell it. i just wondering why salmon gum takes that much long but by the way this company related with poseidon. if ton goes up poseidon goes up because poseidon is major share holder. as you know Poseidon is Twiggy's company so when you look at it big picture so many thing related with each other. and you know Twiggy has problem with ASIC so we will see

 

[King EU]

Re: TON - Triton Gold

I can not place such price through Commsec.

Actually Miner, it was possible some time ago (some time last week i think) and i don't think anyone is trying to manipulate buy/sell ratios, i mean anyone with even a basic knowledge of trading would notice that a big portion of the extra volume was at a really low price and disregard it as an outlier.

Personally i'm less worried now that this new announcement has come out (even if it doesn’t mean very much) and i picked up a small amount this morning, but then again i'm pretty new to this stuff.

Good luck to all,
EU

 

[AussiePaul72]

Re: TON - Triton Gold

I reviewed TON after long time since last visited.
This share has something wrong and probably manipulated heavily by short term traders for their own benefits.
At 9 PM Perth time I visited Commsec Site to see what is the buy and sell situation. I noticed there are only about 250000 shares to buy in between 10 to 11.5 cents price range. Some one placed a big order (or two orders) of a volume of 1.27 Million at a price of 1 cents. That is ridiculously low. I can not place such price through Commsec. So obviously some one placed through his or her own brokers just to show the no of buyers are more than sellers.
On the other hand the sell orders are for 1.5 million shares spreaded between 6 sellers for a consideration of 12.5 cents to 20 cents.

The market news was published today after the closing so unless DOW drops down on Wednesday after a heavy rise of Tuesday, TON holders could have some good fortunate on the base of report released.

I DNH and not planning to enter for a while for various reasons. DYOR and do not get bogged down if your research is sound.

I used to hold and published this to share with others.

Cheers and Good luck

Hi Miner,

I don't think there is anything wrong with TON. Seeing an order placed at a rediculously low price is not unusual or specific to TON. I have seen these placed on quite a number of stocks at certain times. These orders tend to be placed when the volume on the buy side shrinks to small quantities. I think it is done for the sole purpose of hoping to pick up shares at a bargain when someone is forced to sell and due to the lack of buy volume shares get executed at the rediculously low price. Also if sellers don't have the luxury of seeing the market depth, they may execute a sale of shares not knowing that a significant buy order is sitting at a very low price.

Btw i thought todays announcement was a good one ..... another project showing potential for the future after initial soil sampling

 

[noirua]

Re: TON - Triton Gold

TON will probably remain cheap as everything in the short term depends on the company's promised early returns from gold tailing from Windarra. 0.8 grams per tonne and a resource around 113,000 ounces left by Western Mining's Poseidon NL subsidiary from the left overs of the boom-town-rat days of the nickel boom in 1969-70.

Costs are a major factor here and many a prospective gold miner has gone down on the financing front. Poseidon Nickel (POS) are not going to be a lot of help here as they concentrate on nickel and hoping the 'Poseidon' name will rub-off on peoples appetite for boom number 2 to come, or perhaps not.

 

[hdin015]

Re: TON - Triton Gold

i am out of TON. the gold goes up Ton goes down , Asx goes up TON goes down,asx goes down Ton goes down as a result i dont think so (in my opinion) this is a good company to invest.so many result still pending how long mate? when you send e-mail to triton they always say that results are coming soon( i think their soon means in 1 or two years) weird. good luck rest of you but this is not my type of company to invest if an other GFC this company can not survive. it makes sense why one million buy order at 1 cent and i hope i am wrong and you make a lot of profit guys. it is only my opinion i am a not good at investing if i were good i never invested TON so pls DYOR

 

[burlay]

Re: TON - Triton Gold

I'm not too worried (maybe I should be). Only small volumes are being traded at this stage - am happy to wait for some further news.

 

[hdin015]

Re: TON - Triton Gold

they are giving it 9 cent OMG. Triton was very good company but This new ceo killed it with lack of information. The market does not llike to wait. No news means not good news so you can see from May to today Triton coming down. lack of information is the biggest reason.

 

[So_Cynical]

Re: TON - Triton Gold

they are giving it 9 cent OMG. Triton was very good company but This new ceo killed it with lack of information. The market does not llike to wait. No news means not good news so you can see from May to today Triton coming down. lack of information is the biggest reason.

Oh com on...TON was a new explorer with nothing...all they had was a clapped out, low grade tailing's project and a block next door to a big, very low grade deposit.

Don't know what anyone ever saw in this. :dunno:

 

[Sean K]

Re: TON - Triton Gold

Oh com on...TON was a new explorer with nothing...all they had was a clapped out, low grade tailing's project and a block next door to a big, very low grade deposit.

Don't know what anyone ever saw in this. :dunno:

Yeah, was a throw of the dart really. Low cap, but low cap for a reason. 'Good company'. Any true potential goldie should be flying. Very hard to find anything undervalued in the gold sector imo.

 

[noirua]

Re: TON - Triton Gold

Cash burn is the problem at Triton; spent last quarter was $1.309 million to leave $3.168 million - down a further $1 million by now.
Market cap at 9c is $4.925 million.
Windarra wont make profits in time, so it's a case of raising money or substantially reducing exploration and other costs.
Next move will be interesting!

Small explorers are not in favour at the moment.

 

[GumbyLearner]

Re: TON - Triton Gold

Cash burn is the problem at Triton; spent last quarter was $1.309 million to leave $3.168 million - down a further $1 million by now.
Market cap at 9c is $4.925 million.
Windarra wont make profits in time, so it's a case of raising money or substantially reducing exploration and other costs.
Next move will be interesting!

What's the salary of Directors at Triton currently?

What do they have left in operating/functional capital for projects?

 

[noirua]

Re: TON - Triton Gold

What's the salary of Directors at Triton currently?

What do they have left in operating/functional capital for projects?

All information at http://www.tritongold.com.au - I'll leave you to look through the Annual reports

 

[Sean K]

Re: TON - Triton Gold

What's the salary of Directors at Triton currently?

What do they have left in operating/functional capital for projects?

This is from last years report. Not going to look for any extras they've issued themselves this FY. Doesn't seem too excessive compared to the rest of the industry.

 

[Sean K]

Re: TON - Triton Gold

Their last announcement confirms that they have .... not much.

Highlights included 0.1m @ 1.2 g/t.

Unbelievable.

 

[AussiePaul72]

Re: TON - Triton Gold

Their last announcement confirms that they have .... not much.

Highlights included 0.1m @ 1.2 g/t.

Unbelievable.

I wouldn't right it off yet Kennas ....
I was hoping that they might have intersected at least one major anomaly in this last drilling campaign, however, on the upside they are still intersecting gold leakage in my opinion ....... its gotta lead to something surely!!
There wasn't a big selloff today after news released so i'm figuring there are a lot of investors with similar thoughts!!

 

[hdin015]

Re: TON - Triton Gold

Triton Gold (ASX: TON) has reported that results from broad spaced reverse circulation and diamond drilling have confirmed the occurrence of primary gold mineralisation within its Salmon Gums project in the under-explored and emerging area of Albany-Fraser Province of Western Australia.

Gold grades of up to 5.4 g/t in fresh mafic gneiss was intersected in wide spaced drilling that provides initial indication of primary gold sources underlying extensive soil anomalies.

An area of approximately 11km by 4km encompassing the Lady Penrhyn and Sirius prospects had been defined by strong showings of gold in surface soils and the underlying weathered profile in earlier programmes.

The current drilling results confirm indications of local sources for the surface gold within the underlying fresh bedrock.

Lance Govey, managing director, said “we believe that our Salmon Gums, Fraser Range North and Cundeelee projects have strong potential to host world class gold deposits akin to the AngloGold Ashanti (ASX: AGG) and Independence Group’s (ASX: IGO) 5Moz+ Tropicana Deposit."

"At Salmon Gums there are still a number of completely untested soil anomalies scattered throughout the 2,000 square kilometre project area and second stage drilling at Fraser Range North has also been completed recently. ”

The company said the next phase will aim to sharpen the focus for follow up drilling using bedrock alteration zoning patterns derived from the recent RC and diamond drilling, complemented by surface geophysical surveys designed to detect sulphide accumulations within the mineralized system.

Completion of the RC and diamond drilling at Salmon Gums will trigger a decision by Teck Australia Pty Ltd, a wholly-owned subsidiary of major Canadian mining group Teck Resources Limited (TSX: TCK, NYSE: TCK), to give notification if it intends to exercise an option to farm-in to the project.

Under the key terms of the farm-in Teck will be required to manage and fund exploration on the two key tenements at Salmon Gums, and may ultimately earn 70% in the tenements upon completion of a pre-feasibility study.

A strategic alliance formed between the companies in 2007 covers the Salmon Gums, Fraser Range North and Cundeelee tenements, and any other tenure acquired within a pre-defined area of influence.

 

[Sean K]

Re: TON - Triton Gold

Triton Gold (ASX: TON) has reported that results from broad spaced reverse circulation and diamond drilling have confirmed the occurrence of primary gold mineralisation within its Salmon Gums project in the under-explored and emerging area of Albany-Fraser Province of Western Australia.

Gold grades of up to 5.4 g/t in fresh mafic gneiss was intersected in wide spaced drilling that provides initial indication of primary gold sources underlying extensive soil anomalies.

An area of approximately 11km by 4km encompassing the Lady Penrhyn and Sirius prospects had been defined by strong showings of gold in surface soils and the underlying weathered profile in earlier programmes.

You really should drill into the results a little more to get a true understanding of what they have proven here.

Just down the page they go on:

Best results were intersected at Lady Penrhyn with grades above 1.0 g/t Au in two areas 2.5 kilometres apart. In the first area diamond hole SGD005 intersected 3.9 g/t Au over a 0.5m interval from 155.5m downhole within a 2.1 metre zone (at 1.2 g/t Au) of chlorite-silica altered mafic gneiss with disseminated pyrite and traces of chalcopyrite mineralization. Earlier aircore drilling had intersected up to 1.1 g/t Au in shallow clay weathered saprolite 0.5 kilometres north of SGD005.

3.9 t/n over 0.5m from 155m depth, is quite frankly, pitiful.

The second area located 2.5 kilometres to the south-west returned one metre with original and field duplicate gold grades ranging between 1.0 g/t to 5.4 g/t from 92 metres in RC hole SGR006, also hosted in a mafic gneiss, with supporting anomalous gold in saprolite in earlier aircore drilling.

Again, poor really.

And why not mention the width of these great results like in the previous paragraph?

Well, if you look at the results table below. These are the lab results for hole SGR006.

See, 5.4 g/t over ? What? There's no 5.4g/t at all. LOL

What they are actually saying is 5.4 g/t is a 'field duplicate',and it's over a massive 1m.

I mean, really.

They're going to have to come up with some much much wider and higher grade results than that to ever get any where near finding an economic deposit.