Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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CharlieBrown10, almost everyone is here for hope. If it could be proven or if there were facts guaranteeing that within a few days, weeks or months we would have a doubled or tripled share price, then we would already have those prices today. We take an assessable risk and hope that we will all be richly rewarded for it.
One of the toughest tasks of a CEO is certainly not to give in to pressure from the shareholders to spread good news at any cost and to make any promises that cannot be kept or cannot be kept within a reasonable time.
Dave, Dersack is simply stating opinion and hope. My comments are based on facts and performance.
DP needs to pull a big rabbit from his hat as he’s running the risk of driving the SP even lower the longer the lack of news continues.
Their greed is my patience :-)
However, the final payment for our family vacation is due at the end of the week. Currently I would have to drop around 110k shares on Wednesday. Selling only 90k instead would be a nice thing. Not a game changer, but an RNS tomorrow or Wednesday morning would be nice.
And for every Charlie brown we have a DerSack to keep us calm.
Cheers mate
Here we go:
Name
Qty. Open / Grant Date / Expiry Date / Exercise Price (GBX)
Origen Capital Partners LLP re Altair SLN
3.150.000 14.07.2015 13.07.2022 10p
Nirvana Capital Ltd re Ecofinance SLF
35.300.000 / 14.07.2015 / 13.07.2022 / 10p
Strand Hanson Limited
1.533.505 / 06.02.2017 / 05.02.2022 / 5,33p
Placing 2019 one per two shares, owners unknown
12.000.000 / 12.12.2019 / 12.12.2021 / 0,25p
Gerry Madden (Admission Document 2017-1)
67.304.542 / 24.11.2017 / 24.11.2021 / 0,67p
Employee Incentive Warrant Pool (590906437)
.... / 31.03.2020 / 31.03.2023 / 0,25p
.... David Palumbo 196.968.812
.... Yoel Aleman 98.484.406
.... Gerry Madden 157.575.049
.... Thomas Quigley 19.696.881
.... various staff members 71.297.140
When do the warrants expire DS? I suppose it shows a lot that the warrants were not cashed at 3p or anywhere on the way down recently, but I would hope the expiry on their warrants is this year, from a selfish point of view. If that's the case, I'd be (a little) happier.
I had mentioned it before, but I can't find the thread again: I try to track the warrants and options of EQT as good as possible. Usually I am very happy about every warrant that is gone. And I'm a big critic of the Employee Incentive Warrant Pool (Still thinking it was some sweet little director's self service). But at the moment, however, it is exactly these warrants that reassure me:
According to my records, 663 million warrants and options are still open. Of these, only about 50 million are with external investors. The other 610 million are with directors and employees. Most of them , currently over 500 million, are in the hands of only three persons:
DP: 196m @ 0.25p
YA: 98m @ 0.25p
GM: 157m @ 0.25p + 67m @ 0.67p
All three have a lot of skin in the game. At 3.15p, the warrants from DP and GM each had an equivalent value of almost 6 million, those of YA around 3 million, after deduction of the purchase price. They now only have a value of 2.5 million (DP and GM ) and 1.25 million (YA) left. And right now, if they would exercise, they could not even sell the shares for the current price because there is no market for such qty. Buying or selling only 30-50 Million shares would instantly move the sp up or down by 0.10 to 0.20p.
The radio silence makes me sick, but I assume they must have a plan. Nobody senselessly misses out on several million pounds. And from today's view, it seems like Gerry knew the plan beforehand and created some personal liquid funds to bridge the waiting period by selling his wage replacement shares earlier this year.