Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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And it begins it's no trade climb back up again...... Bor is like a thunderbirds character- pulled, yanked, twisted at all times....
Off book pre arranged transfer of stock Rookie
Remember the £85k at 3p. Probably the same buyer.
2 big sales rolled through from the 3rd of may. But who’s been buying them? There hasn’t been that many buyers on the open market to absorb them size trades since Friday.
KO pco
Yes I know. Can't edit unfortunately.
Please pardon the pedantry : we're
I see were in bargain territory again.
Deepwater drilling booming again as oil companies look for bigger fields. South Atlantic margin is of great interest to oil companies.
https://oilprice.com/Energy/Energy-General/Deepwater-Exploration-Is-Booming-Again.html
Well good noises coming from the South Atlantic politically
A drill ship with 3 well options capable of drilling at Darwin. BP and Total opening up a new basin in the South Falklands on an already discovered 460 million barrels would be a quick money earner, if the new Argentine government are fine with it. They want better trading relations and need the UK at the IMF.
Which is bit dim looking at the scale of Brazil's oil reserves haha.
Good research PoC, I did not know that there are operations in that area.
Nigel, Valaris Renaissance DS-15 is contracted out to BP and Total for operations in Brazil until Jul 25. Two 160 day options and one 120 day option. See fleet status link.
https://s23.q4cdn.com/956522167/files/doc_downloads/fleet-status-report/2024/04302024-Fleet-Status-Report_FINAL.pdf
Thanks POC👍
Mr Cups, yes you are totally correct, thanks. What is the destination of the Valaris Renaissance? Initially it appeared to be heading South but may just be on a sea trial.
Either way I wish the Argentinians success with their various licences. Majors paid a fortune in the licensing round!
Rookie. It's about 900 miles north of Falklands. Sounds a lot but it's a geology on trend with Namibia. It was once part of the same continent of Africa before drifting to the South Atlantic. Same as the Falklands.
I agree. I wish to participate in any equity issuance. After 20 years, I don't want to be locked out of participating and diluted by a newcomer, or indeed the chairman at cheap prices.
OK Phil164 - your memory is better than mine.
How far in relation to BOR acerage is that POC?
Drillship Valaris D-17 is already on location offshore Argentina and is drilling the Argerich1 well. It arrived on 24/04/2024. The well is expected to take 50-60 days.
Check your facts buffit.....there have been two smallish cash raises in the last three years....we were included in the first...not the second.
" a cash raise will be needed by Q1 2025 at the latest. The concern is the last time small PIs were not asked "
I recall buying shares at 1.3p under the last cash raise, so presumably small PIs were asked.
Ok well firstly I dont think being heard is a ludicrous idea despite my own reservations about revealing holdings. Secondly as to cash the balance at end June 2023 was 2.4m and at the rate of cash burn then we have enough till mid 2025, however our year end is December and in order for the auditors to sign off the year end accounts the company has to meet the going concern test, ie have enough funds for the next 12 months, so a cash raise will be needed by Q1 2025 at the latest. The concern is the last time small PIs were not asked, if that happens again would I be ok with a further 100m shares to raise 2m plus?......probably....just.
The purpose is to be heard and I am confident that we can get to 5% of the company as one voice. 5% of the company aligns us with the bigger shareholders in decisions for the company. That's what it's all about, as for funding requirements your talk is insanely premature at this stage of the year, we have enough till 2025 and like all others here I am hoping for real progress at some point.