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TON, TRITON MINERALS LTD
blacksheep
post Posted: Jul 2 2019, 03:57 PM
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Got all excited when I saw the TON logo next to a headline - Graphite: Triton sells COBEX to Tokai Carbon for EUR825M - massive!!!!


Only problem is Roskill got their Triton s mixed up - Triton Partners https://www.triton-partners.com/ (unrelated to ASX TON Triton Minerals Limited whose logo appears in the article) sold COBEX and pocketed EUR925mil
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QUOTE
Funds advised by Triton Partners have signed an agreement to sell COBEX, a leading manufacturer and supplier of carbon and graphite products used in the aluminium, primary iron and other smelting industries, to Tokai Carbon, a pioneer in the Japanese carbon products industry, for an Enterprise Value of EUR825M (US935$). Triton acquired COBEX, the former Cathodes, Furnace Linings and Carbon Electrodes business of SGL Group, in 2017.

Tokai Carbon reports that it is excited to be acquiring COBEX as it believes there is high growth potential in the business and the acquisition will help it realize its mid-term management target, T-2021.

https://roskill.com/news/graphite-triton-se...on-for-eur825m/



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jun 28 2019, 12:20 PM
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Not sure I would find this deal attractive if I were a share holder. Shandong Tianye Mining obviously keen to get out - can't remember what they paid for their 19.3%. Tough times in graphite space currently, so TON may not have that many options available to raise further funds

QUOTE
STATE OWNED ENTERPRISE JINAN HI-TECH AGREES TO $19.5 MILLION INVESTMENT IN TRITON AND TO
SUPPORT EPC PACKAGE DEBT FUNDING

 Major Chinese SOE, Jinan Hi-Tech, has agreed to acquire Shandong Tianye Mining’s 19.3%
shareholding in Triton for total consideration of A$11.0 million at 6.2 cents per Share,
subject to
Chinese regulatory approval.
 Jinan Hi-Tech has also agreed to subscribe for A$8.5 million in Triton at 4.1 cents per share,
subject to Triton shareholder approval.
Jinan Hi-Tech to hold 34.01% of Triton at completion of both transactions.
 In addition, Jinan Hi-Tech has agreed to provide financing support to finalise the debt
requirements for the Ancuabe Graphite Project.
 Investment in Triton follows extensive due diligence on Triton and the Ancuabe Graphite Project.
 Funds raised enable Triton to commence development of the Ancuabe Graphite Project, with the
EPC contractor to commence detailed engineering and placement of orders for long lead items.

QUOTE
Key Terms of the Subscription Agreement
- Subscription for 207.3 million ordinary shares at 4.1 cents per share to raise $8.5 million;
- JHT to acquire STM's current 19.3% shareholding in the Company;
- JHT is entitled to equal board representation, with no right to a casting vote, provided JHT's shareholding in
the Company remains above 28%
; and
- JHT have a participation right if the Company makes any future issues of equity to the extent to maintain its
shareholding percentage. This right falls away should JHT's shareholding fall below 10%.

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Mar 28 2019, 01:18 PM
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Posted this on the SYR thread. Might also be of interest to TON holders since their Ancuabe Graphite Project is preparing to move into construction in 2019 - according to to recent anns

QUOTE
Noticed SYR's Moz subsidiary, Twigg, calling for tenders for the provision of security services at Balama
https://clubofmozambique.com/wp-content/upl...Mining-Ltd..pdf

Perhaps as a result of recent reports insurgents have now turned their attention to the central part of Cabo Delgado province, with armed attacks daily in full light of the day, according to O País reports. Until recently their focus was in the far north mostly along the coastline between Palma and Pemba.
https://clubofmozambique.com/news/armed-men...delgado-report/

This report mentions an attack in the village of Ancuabe
https://www.cartamz.com/index.php/politica/...em-cabo-delgado




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 7 2018, 11:20 AM
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Posts: 6,125
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In Reply To: blacksheep's post @ Oct 3 2018, 04:17 PM

Can't keep up with all the CR's. The October 2018 CR was at 0.047c - last traded price was 0.042c - what's this CR going to be at? Also more dilution - 927 million odd shares before this latest round.

today -
QUOTE
The Company requests the trading halt in relation to a potential capital raising.


yesterday -
QUOTE
Triton Minerals Limited (ASX: TON, Triton or the Company) announced on 30 November 2018 that would
undertake a fully underwritten placement to Eligible Optionholders of approximately 133,676,290 TONOD
Options at an issue price of $0.0054 per Option on the basis of 1 TONOD Option for every 1 TONOB Option
held on 30 November 2018 and 1 TONOD Option for every 1 TONOC Option held on the Record Date (the
Offer).

The Company advises that further to correspondence with the ASX in relation to the terms of the Offer, the ASX
have requested that the offer announced on 30 November 2018 be withdrawn
. The Company will today lodge a
supplementary prospectus formally withdrawing the Offer. The Company remains committed to making an offer
of TONOD Options and is now working on the restructure of the Offer.


5 weeks ago -
QUOTE
Triton Minerals Limited (ASX: TON, Triton or the Company) is pleased to advise that its fully underwritten nonrenounceable entitlement offer, announced on 31 August 2018 (Entitlement Offer), has successfully completed
with funds of $2,837,704 (before costs), raised at $0.047c per share, having been received by the Company.
The funds raised will enable to Triton to to continue development activities, in particular, permitting, detailed design
engineering and financing

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 3 2018, 04:17 PM
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Posts: 6,125
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TON must be running out of excuses for extending the closing date for its "fully underwritten entitlements issue"?

On 26 September 2018 it was "school holidays"
QUOTE
The Board is very pleased with the level of acceptances to date, and in light of the school holiday period across
many states, the Board advises that it will be extending the closing date for the acceptance of applications to allow
remaining eligible shareholders additional time to consider the Entitlement Issue.


The closing date for the Entitlement issue is now 5.00pm (AWST), Tuesday, 9 October 2018.


Today it's a week long "national day holiday in China"
QUOTE
As announced on 31 August 2018, the Company's largest shareholder, STM, reaffirmed its support of Triton
and its world class graphite portfolio, by committing to a strategic placement of 14 million shares at $0.047
to raise approximately $0.66 million (Placement). In addition, STM committed to participate in the Entitlement
Offer for a further $0.34 million which will take their shareholding in Triton to 19.4% post capital raising.

Shandong Tianye Mining Co. Ltd has confirmed that all approvals are in place to transfer funds for the
Placement and Entitlement Issue. They did, however, request a short extension for the funds transfer in light
of the National Day Holiday in China that runs from 1 October 2018 to 7 October 2018.
The Company after
consultation with the Underwriter, has granted this extension.

The closing date for the Entitlement Issue is now 5.00pm (AWST), Tuesday, 16 October 2018.


Perhaps they need to consult a calendar before the next CR?
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 16 2018, 12:05 PM
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Posts: 6,125
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In Reply To: blacksheep's post @ Jul 19 2018, 02:33 PM

TON shareholders must be excited? Director Xingmin (Max) Ji has put his hand in his wallet and purchased $5,246 worth of shares on 15 August. rolleyes.gif at a time of TON shares were @ a 52 week low

He also has -

QUOTE
3,000,000 options issued for no consideration, with each option having an exercise price of $0.11, a vesting date of 9 January 2019 and an expiry date of 9 January 2020




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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Jul 19 2018, 02:33 PM
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In Reply To: blacksheep's post @ Jul 9 2018, 09:22 PM

TON SP continues heading south - SP currently 5.8c which is the lowest it's been since August last year - might even close that gap @ 5.3c at this rate.

TON had suggested - "Financing term sheets anticipated in Q2 2018" - no sign of it yet

Some solid news required, and soon.

Edit - looks like Canterbury has opened his wallet and purchased 176,000 shares on market today for $10,208. Total value of shares traded so far today $29,697 - 515,494 in volume. If I recall correctly, he's on a pretty high salary (will look into)

Peter Canterbury (ii) 400,000 5,227 160,000 - salary/benefits/incentives - as per 2017 AR
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 9 2018, 09:22 PM
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Interesting extract (below) re Pemba Port. http://clubofmozambique.com/news/triton-mi...-port-of-pemba/

SYR also initially said they would use Pemba, but found it's facilities were not adequate - see post I made elsewhere at the time (below). BAT say the have Port Allocation approved: at Pemba Port for 100,000tpa of graphite concentrate. Together with TON's proposed 60,000 tpa that's 160,000 tpa, which adds up to the volume SYR had initially planned in first yearlso discovered the "lack of international container liner services". Not sure anything has changed since then. If it had, why is TON urging the Moz Govt to rehabilitate Pemba Port? Why would SYR and GK elect to drive their product to a port 450 klms away if Pemba could meet their requirements. GK's Ancuabe mine has a projected annual production capacity of only 9,000 metric tons. SYR's 1st year planned production is 160,000 t

QUOTE
The Australian mining company Triton Minerals, which holds the rights to three graphite deposits in the northern Mozambican province of Cabo Delgado, has announced that will export its produce through the port of Pemba. The company expects to ship 60,000 tonnes of graphite to Europe per annum from its mine at Ancuabe, which is located about 45 kilometres from the port.

The decision to use Pemba was confirmed by Muhamad Rarhan, the logistics manager for Triton’s Mozambican subsidiary Grafex. Rarhan was speaking at a seminar entitled “New Perspectives of the Business Environment”. This initiative by the Ministry of Industry and Trade is part of a programme of listening to entrepreneurs as it develops new instruments to improve the country’s business environment.

Rarhan explained that Grafex chose the port at Pemba as it has the basic conditions to handle the exportation of the company’s ore.

The other graphite mining companies in the province, Syrah Resources and Graphite Kropfmuehl, who are based in the districts of Balama and Ancuabe respectively, have decided to use the port of Nacala in Nampula province, which is over 450 kilometres away from the mines. Triton’s decision to opt for Pemba raises doubts about the argument it is necessary to use Nampula because of the lack of infrastructure capacity at Pemba.

Rarhan urged the government to invest in the rehabilitation of the port at Pemba to make it competitive and enable local companies to benefit from its advantages.



QUOTE
Seems SYR has now woken up to the fact that Pemba is NOT capable of handling their shipments.........

An investigation into the capabilities of the Port of Pemba has revealed that the port does not have the capability of handling the anticipated volumes proposed by Syrah in all the critical areas related to a container port. There is inadequate port access, a very small container terminal, inadequate berth infrastructure and a lack of international container liner services. The Company has entered into discussions with the Port Authority and third parties on how best to implement any proposed improvements to the port.[/quote

I came to that conclusion back in 2012 when I made this post......



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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jun 1 2018, 03:52 PM
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Posts: 6,125
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In Reply To: blacksheep's post @ Jun 1 2018, 10:53 AM

QUOTE
ANCUABE GRAPHITE PROJECT APPROVED FOR DEVELOPMENT
• Triton Board approves development of the Ancuabe Graphite Project, Mozambique
• A new high-value graphite mine with estimated annual production of approximately
60,000 tonnes per annum of graphite concentrate, over 27 years1
• Development and commercialisation activity undertaken following the 2017 Definitive
Feasibility Study confirm Triton’s confidence in forecast project economics
• EPC proposals indicate capital cost savings that could further enhance project
economics
• Early works are underway
• Construction expected to commence in the second half of 2018, with first graphite
production targeted for the second half of 2019


Further down the page they've included - "subject to final approvals and financing" - small issue biggrin.gif but, it's going down a treat with long suffering TON Mark II holders - just hope these tight timelines work out this time, although holders may want to check how long it took their neighbor, although they developed a much bigger plant.

QUOTE
Construction is expected to commence in the second half of 2018, subject to final approvals and financing, and
would support first graphite production in the second half of 2019.






--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: gumboots  
 
blacksheep
post Posted: Jun 1 2018, 10:53 AM
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I think you will find this company is connected to TON's major shareholder - Shandong Tianye Mining Co Ltd
Australian investors seek answers in China property blow-up
QUOTE
Shares in Shandong Tyan Home, which owns gold mines in Western Australia and Queensland through Perth-based Minjar Gold, have lost more than half their value since the company emerged from a four-and-a-half month trading halt two weeks ago – triggering protests by retail investors who stormed the company's head office in the northern Chinese city of Jinan.


QUOTE
Minjar declined to comment on its parent company on Thursday but said its Australian business was operating as normal.

https://www.afr.com/business/mining/austral...20180530-h10qdf

I recall doing some research into this company back in 2016 when they became a cornerstone investor - posted elsewhere - sad.gif included in that research was this (repeated in the AFR article) reference, which at the time I thought "interesting"

QUOTE
"Zhaoqin Zeng believes that “by being a poor person, you mind your own business; but being a rich person, gives you the personal ability to help everyone else in the world”.


QUOTE
Top 20 Shareholders as at 16/03/2018 TON
Shareholder Effective Date Capital (%) Shares Notes
Shandong Tianye Mining Co Ltd 16/03/2018 17.09 131,560,500

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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