Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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As already alluded to some should never play poker! Has one certain fact in the game one should never assume, and in that regard I have not read the NN Webinar.
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6) Blackadder2708 08:35: after the *personal* abuse you’ve aimed at me in the past, I’m shocked you appear to believe you deserve any response from me. Tell you what, Blackadder2708, I’ll answer your question timed at 08:35 if you contact the company, ask why there’s been no flow test planned for Merlin-2, ask for a written reply and then publish the full reply on this website. I recognise you offered your *own* suggestions for the flow test omission after getting frustrated by the question being posed so frequently. However, all users of this thread know fine well the true answer lies within the decision-making of the 88E BoD. All true 88E-ers must surely believe it’s past time for a formal answer from your company?
7) Brombarb 09:06:
“Posting history does not necessarily correlate with investment profile, 88E represents only a small part of my shares the majority being FTSE100 shares (many bought from profits here). That I chose to post here pretty well 100% is my choice, I find it interesting and enjoyable most of the time, when I do not, I take a break.”
“(many bought from profits here)” – you know what, I 100% believe this. Brom has already admitted to actively trading the peaks and troughs of 88E in the past. Let this second confirmation of his *trading* activities not be as easily forgotten as his previous admission. “Read above, below and between the lines.” Never a truer word written.
8) Sadly, a large proportion of regular users of this thread appear to think I am waging some type of personal vendetta or some such against them. If you fit that description, please take a minute to consider this, I beseech you. All I see on this thread is fellow anonymous usernames and avatars. I could walk past any of you in the street and not have a clue.
Yes, I question the current mkt cap of 88E. The specific questions I am asking are no different from the types of questions I've witnessed being posed to hundreds of companies during the course of a career in the equity markets which began in 1994. I would have these questions if Blackadder2709 or FORD747 or Villa02 were posters here rather than Blackadder2708, FORD707 or Villa01. This is not personal, folks. Facts don't give two figs about your personal emotions......they're just facts. *Ignoring the facts* of an investment case does not guarantee failure or ensure a complete loss of your investment, but experience suggests it surely helps!
a) What is the value in $ of each of the three main 88E projects?
b) Why is there no plan for a flow test at Merlin-2?
c) What was Dave Wall's exit package and why the 24 hour revision of his shareholding as published on the company webiste?
4) What constitutes a related party transaction as it applies to the entities in Alaska controlled/part owned/owned by Erik Opstad?
5) Where is the full, detailed, line-by-line accounting for the massive overspend at Merlin-1? Budgeted at $12.6m and coming in at $29m?
6
A few replies, a few questions:
1) Thanks to the lse moderators and to anyone who reported Goldstinger’s disgraceful obscenity-laced tirade of yesterday.
2) Villa01 replied directly to the question below:
“Ok, a few regular posters have now started commenting on the shared asset. Good stuff. Addressing such posters directly; Brom, Goldstinger, Villa01, rfarfa, Blackadder2708, GrumpyScouser, Brian1234……as you’re all “true 88E-ers”, you’ll have watched all the pertinent parts of the recent NN webinar in order to more fully understand the shared asset and thus the equity value of 88E <=> your investment in 88E. Based on the information from the webinar, do you expect the volume of oil attributed to 88E from shared reservoirs primarily located in the Talitha/Alkaid Units to be:
a) 0% - 3% of the NN’s total resource volume?
b) 4% - 6% of the NN’s total resource volume?
c) 7% - 9% of the NN’s total resource volume?”
His response was that he simply didn’t know that answer. And that’s fine, no worries whatsoever. I invite the other posters listed to have a go at answering the question. Why it should be that my questions are ignored and yet personal questions are asked of me on a regular basis seems very odd, non?
On reflection, FORD707 gave an half-answer, perhaps hoping to kick this uncomfortable question into the long grass? Here’s the thing, FORD707, as soon as the 88E technical team published its assessment of the question posed, it will *immediately undermine* the 88E narrative because it will either a) show 88E to be wildly and irrationally over-valued or b) support the thesis that the NN ought to be trading at a *multiple* of 88E’s mkt cap.
Readers would do well to ponder the question even if they don’t wish to post their answer publicly.
3) “Speaking of questions being posed to management, anyone heard from Flexmw recently? S/he was the only poster who volunteered to get off the proverbial sofa to ask questions of management.”
Anyone?
Reaper007 – Ha! Your response timed at 22:29 is all too true, I fear.
4) Care to reply, FORD707?
“If it wasn’t for the social media hype associated with 88E, crammed full of factual errors and “influencers” repeatedly referring to Conoco buying the company for anywhere between 10c and $1 per share, where do you calculate the SP would be? What about the continued and factually incorrect use of the word “discovery” in relation to Peregrine *when 88E’s own management* has not declared it to be a discovery?”
5) Turnstone 08:21: your post is noted but I’m going to have to refrain from offering a full reply. To do so would go against the T&Cs.
(continued above)
08:35
Posting history does not necessarily correlate with investment profile, 88E represents only a small part of my shares the majority being FTSE100 shares (many bought from profits here).
That I chose to post here pretty well 100% is my choice, I find it interesting and enjoyable most of the time, when I do not I take a break.