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Ann: Ancuabe Permitting Update, page-32

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BigDaniel

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14/12/18

15:23

Post #: 36862685
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Originally posted by mamba ↑

Just shows how comocosed the ASX has been in 2018 and in particular the final few days lead up to Christmas, with TON trading at just above 4cents even after the granting of the mining licence announcement today. Once this Mining Licence is signed off, just a formality it seems, then the nitty gritty finacing deal is next to get this thing up and running, but have seemingly to wait now into the New Year . Maybe the deal is already been done and is only waiting on the Mining Licence sign off for it to be announced. If the plan is still to commence Ancuabe construction by mid 2019 I dont think we will have long to wait to see.
After holding for many years now had almost given up on this stock and the seemingly dormant or so slow march to mining, but realize much of this is the result of the widespread global uncertainties so obviously reflected right across the ASX. If and when a good low dilution mine construction finacing deal is bedded down then don't we have some catching up to do? Maybe Tritons star will then shine again, especially if a Balama North development push or trade off is part of the deal. Nicanda Hill will then likely come roaring back into focus as the worlds largest known combined high grade Graphite/Vanadium deposit on earth. Knocking off Syrahs claim to this fame once and for all. They and their analysts have continued to get away with this story to date but they will hopefully soon be relegated to being in second place. The 1.45Billion ton Nicanda Hill has been left out of the picture for just far too long, and has always been the real company maker. Now lets see if Tritons management can bring the spotlight back onto this world class deposit and pull this off, then all will be forgiven I guess. Between the two of them who can supply the global graphite, and maybe Vanadium markets for the next few hundred years.
Anyway a much better Christmas present this year than the last Christmas troubling pie in the sky drama and confusion which thankfully was aborted, even if we have to wait just a few more weeks into 2019 before Triton's share price fully reflects that we will be soon going mining.
Maybe 2019 is going to be a much better year (for TON holders at least), with a little glitter in PMs and strategic metals as well.
All the Best to all
cheers
mamba

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After we get final signature of approval for Ancuabe mining concession we can expect the DUAT process to be completed before financing.

From speaking to Dave Edwards on Tuesday I got the impression that all other due diligence like DUAT were well in hand by management & that the INAMI approval we have seen today was the major hurdle.

Well they can tick that hurdle off & hopefully the announcements start flowing before the big one..Financing term sheet...If we are a little behind schedule I can breathe a sigh of relief after today..Let's hope financing by sometime late January? Sounds realistic to me? Not sure what others think?

Regards, Dan

TON Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
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Ann: Ancuabe Permitting Update, page-32

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Ann: Ancuabe Permitting Update, page-32

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