Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I would urge folk to listen to the conference call again, I did last night, my take in hindsight is both JB & LC seemed to be clutching at straws - there was so much they seemed to be looking at/working on but nothing appeared conclusive, you could say vague.
They mentioned these - but there were other propositions....
Being approached / approaching prospective partners
Seismic data - continue to re-process
Shallow oil/gas
Croatia
Re-entering new wells
PG10 - 11a production
Appeal process - awaiting permits
Legal situation - slow progress
Contract with INA - not expecting issues
Seeking new project with near term upside
Lots of 'evaluation'
From the outside looking in it could be deduced that the BOD have no clue as to which direction they are going, the lack of news 2 months after the conference call seems to suggest this also.
At the very least John Buggenhagen could do is a podcast or media 2 months on from the conference call but he seems to be in hiding - the very thought they have nothing to inform the market after such a long period of inactivity is very worrying IMO.
Too many people with head in sand.. how can anyone be happy with the performance of this bod nearly 1 year in power and what have they achieved except endless dilution the last of which has throttled the sp.. look at what sp has done this year is that a pro active bod
Operational update?
Seismic data?
Ina contract?
Litigation?
Appeal process?
Too many questions and no answers why because our bod are in hibernation mode and have been for the whole year.. gla
Misiekm,
Think your reference to “rocks” there maybe based on my turn of phrase use of “rocks up” with regards to JB and LC turning up and resulting in working for Ascent!.... So think you are reading too much into nothing on that front, plus I never request posts to be deleted either as per your earlier posts on the matter!.....
steer conversation to rocks, then have argument to report ... oh
Misiekm,
You are comparing Apples with Pears!... They both maybe fruit but they both also taste very different and grow on different trees too!...?....;-)
We had CEO who was working hard on JV , raised ceiling to ensure better position in negotiations...
Fantastic story, knowing no deal will be finalized, knowing no details will ever be disclosed.
Sell a product which you know will not work, then blame 3rd party for unability to integrate.
How many time I have seen it in corrupted to bone IT market in UK..
How can it be right that they have diluted existing shareholders and continue to draw a salary and are doing nothing to justify that wage? That would be a huge breach of directors duties and the UK Companies Act, not to mention FCA rules under the DTR. They absolutely must be working on something confidential. I just can’t see how this behaviour can be justified otherwise.
Note DTR 1A.3.2R:
“ Misleading information not to be published .....................................................................................................
An issuer must take all reasonable care to ensure that any information it notifies to a RIS is not misleading, false or deceptive and does not omit anything likely to affect the import of the information.”
I think a lawyer representing any shareholder class action against the directors would have an absolute field day if the BoD truly have acted recklessly and are running the company into the ground.
It is 5% of the issued capital to call an EGM or around 150m shares.
In respect of the closed period situation - can be clearly answered by the Nomad - also worth noting that Castro said he would buy shares at the shareholder event in March - they have not been in a closed period all that time - basically they do not want to buy shares.
If you listen to the CC again, the message was there was loads of activity going on in the background and it was hinted news would be forthcoming across a number of fronts - that was 2 months ago - nothing since.
If it is a closed period he must be withholding some news... maybe its shareholders that need to start litigation against a bod that's none operative.. if I sat on my a r se reading a paper for a year I would expect to be sacked especially taking income of the sizes these bod members are taking... gla
Do we believe were actually in a closed period what we at now 9 months in closed period , I can smell another lie
EGM, surely this cannot carry on it's criminal what these crooks are doing to our investment ,,is it 5 or 10 % needed to call an egm
If there is no news of court appeal this side of xmas or news of any proposed strategy for going forward we need to get organised and call an EGM to push the button for legal action in EU courts and cut expenditure to focus on substantial compensation and get out.