Triton Minerals Ltd V.TON

2nd Tranche and Permits

[eebler]

Well, 2nd tranche finalized.  Been some interesting days volume-wise with it down in the 12-14 cent range, and then some real losers like the last few days.  There is still a relatively long way to go before they can get to drilling, but this money should at least carry through to a point after the news release that says they have submitted the application for permits (and maybe even to the point of receiving the permits).  By then the sp could/should be higher and so they can go back out for more funding but with a higher sp so as to avoid too much dilution out of the gate.  At least the sp on the private placements wasn't down at the current sp, but it is also going to create some potential resistance if the sp hasn't passed through the 35-cent level by the time those shares are allowed to free-trade.  Those shares are theoretically in strong hands but if profits are profits and if someone wants to take the gains then they will. 

Still about 5-6 months to go before any drills touch the ground, but they are getting there.

eebler