Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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Slift, I think you got your maths wrong, on the basis that you valued existing shares at existing prices, which they won't be when the transaction happens. If you had a company worth 100p now than then diluted by 95% at 1p then all the shares are worth 1p basically and trading resumes from there. The existing 5% don't stay worth 100p.
So instead of your:
1992m shares x 0.8p = £15m
new "proposed" 37850m shares x 0.1p = £35.35m ($50m)
Total 39840m shares (for when the shares come into the market, i.e. dilution happens) = 0.126p/share
It should be:
$50m for 95% of the fully diluted equity which means 100% of the pot is $52.632m or £37.24m (at current exchange rate).
So with 1,991,871,556 shares in issue currently. That means 39,837,431,120 following dilution.
Which means the share price equivalent is £37.24m/39,837,431,120 = 0.09348pence per share.
Or in round numbers, 2bn shares before, 40bn after. That 40bn are worth £37.24m at the transaction price. So the shares are worth the 0.0935p based on that. They might rise like a phoenix from the ashes from that price.....or not....but that's the baseline in this transaction.
Mirasol , remember Senseman has two PhDs ,in Sociology isn’t it Dr S.? was it BOGOF at uni that week?
Explains the lack of structured reasoning... 8-\
Middysol - Thank you for telling me I am also someone else. It has come as a great shock that I have amnesia. I will visit my GP today
PS. You're an idiot
that's how mcadder get paid... by sheeting on this bb... shame on him...
McAdder - we'll know who senseman is - its ol' Adrain "Fool on the Hill" from HorseHill. He had a picture of himself on his twitter account with Steve Sanderson until he decided to hate him as well
Everyone knows who he is and what he does/did for a living - he hasn't much in the way of assets so chasing him legally is pointless
don't worry Judge Adoublespeak .... will be asking questions "via the press and through my oilfield contacts..." congenital, unconscionable, chronic ... enthusiastic... fantasist
Adoubleuk,
I think you're just lacking a bit of finance knowledge here.
"The accounts must be audited prior to any financial restructuring."
The auditors obviously didn't consider the company as a going concern.
"What's with the 'overpaying' bit ? Buying it up at a bargain price, more likely."
I'll let you figure this out.
mcadder,
" in fact I have absolutely zero to worry about because I'm not the one that still has money in this dog"
If that's the case, why waste so much of your time writing about it ?
As for me senseless sid I have no reason at all to be agitated, infact I have absolutely zero to worry about because I'm not the one that still has money in this dog and secondly I'm not the one who will need to be looking over their shoulder for that possible litigation. Cool as a cucumber me and popcorn at the ready for the finale of this chapter ;))
Slift,
"The evidence is unaudited accounts for FY20."
The key word there being 'unaudited', ie not ratified by a disinterested third-party body.
"Which will be provided to the market as audited and signed off following the restructure."
Not good enough, and no judge in their right mind would allow that. The accounts must be audited prior to any financial restructuring.
"The presentation provides enough info for you to comprehend the situation HUR is in.."
No, it does not.
"Unfortunately, there are no alternatives. "
Yes, there possibly are.
"I suppose several things have worked against HUR - including having to assign cash as restricted for decommissioning purposes."
No, that is normal. Putting cash in escrow for eventual decomissioning is obligatory for any UKCS oil company with physical infrastructure installed.
"I don't think that the company is selling the shareholders down the hill."
Well I (and obviously some other people) do.
"Just that it's got to the stage where there is no other alternative, other than some big investor stepping up and overpaying for the company."
What's with the 'overpaying' bit ? Buying it up at a bargain price, more likely.
The comment of a thing!!
MeBladdder boy - you must be getting tired this late at night. Still threatening and waffling, I see. Lovely to see you so agitated. Kisses x
??? Don't be silly TrannBoy. Others have cited the alternatives numerous times. So you know them. So why ask me to tell you what you already know? Because you are deviant. As I said, you are not a man, you are a thing
"Too many people aint prepared to get down and dirty and fight the scam scumbags on their own terms"
Leave of sensesman I've lost count of the number of occasions you claim the bod are corrupt and concocted up a scam in light of recent developments. I really really hope you and several other's on here actually have evidence that there's been a fraud/scam by the bod because I wouldn't be at all surprised if you end up hearing from their lawyers soon.
As you're no doubt aware they can find out who you are without too much effort even if you do use a random username and they will take a dim view of the repeated accusations some on here continue to make but in particular you senseman.
That being said it will take them time to sift through the numerous incoherent, narcissistic, childish, immature and damn right rude bordering on offensive posts directed by you at some individuals, but I guess that just paints a picture of the real person you are. And it's a very unpleasant ugly picture you paint of yourself. You should be thoroughly thoroughly ashamed.
So my advice to you is simple. Base your accusations on evidence you have, and show us this evidence, or failing that risk litigation I would imagine.
RosieNas,
Because I can. Try stopping me ;)
hasiba,
I bought at 5.8p, sold at 3.3p @ 20% of my portfolio.
Made that loss back in a month.
I'm not twisted or angry.
I'm not even telling people to sell lol, buy more if you want, but end result isn't going to change.
I wouldn't even buy this at 0.1p.
Slift....
You talk through your backside...24/7...
Manipulate every post trying to convince others to sell, so you can buy at 0.1p..as you posted before.
Your target of HuR set by you at 8.7p in July 2020
Your average paid by you was 5.8p
You sold all at 2.71p
You were abusing posters then when you were ramping the share..
You lost a fortune to make you twisted and angry with any holders here...
Tell everyone here why you are spending all your time here when you own no shares...?!
I tell you why..because you brain cannot cope with your financial loss....
Go and see your GP...
hasiba,
"The market seems to expect an alternative for the restructuring plans ,to keep the SP at more 8 times of the proposed dilution value....
And please don’t tell me the market makers are balancing their books or playing trick for their advantage....
The current SP is simply agreed by the stockjobbers is the real market value..meaning they have not taken the views of no other alternatives available...."
Lol come on.. use your braincell.
Here's some maths for you:
1992m shares x 0.8p = £15m
new "proposed" 37850m shares x 0.1p = £35.35m ($50m)
Total 39840m shares (for when the shares come into the market, i.e. dilution happens) = 0.126p/share
Still don't understand?
This bbc link for 8 year olds might help you: https://www.bbc.co.uk/bitesize/topics/zm49q6f
The market seems to expect an alternative for the restructuring plans ,to keep the SP at more 8 times of the proposed dilution value....
And please don’t tell me the market makers are balancing their books or playing trick for their advantage....
The current SP is simply agreed by the stockjobbers is the real market value..meaning they have not taken the views of no other alternatives available....
This is a fact
Sense you claim there are alternatives...but you repeatedly don’t want to share them with the rest of us.
Can you see how this may make folks think you dont actually have one. I’d genuinely love to hear it/them...
Slitty - what utter nonsense drivel....'no alternatives'. My God - I'd hate to be your missus
adoubleuk,
The evidence is unaudited accounts for FY20.
Which will be provided to the market as audited and signed off following the restructure.
The presentation provides enough info for you to comprehend the situation HUR is in..
Unfortunately, there are no alternatives. I suppose several things have worked against HUR - including having to assign cash as restricted for decommissioning purposes.
I don't think that the company is selling the shareholders down the hill. Just that it's got to the stage where there is no other alternative, other than some big investor stepping up and overpaying for the company.
NGR1616,
"Your reputation is intact. As a ******* ********"
Biggest laugh I've had all night.
Thank you for all the stars you've awarded me !
And other than 'nigwit', under how many other pseudonyms do you post, on assorted BB's ?
Slitty me boy
And endorse a scam c8ckroach you endorse?......I must visit your planet one day.
You are not a man, you are a thing
Kisses x
Slift,
"Complaining about the situation isn't going to help. Can you provide an alternative?"
I am not complaining about the situation, nor suggesting an alternative. The company in which I am ashareholder has decided to go to court in order to sell the shareholders down the hill. Nothing I can do about that.
Other than hoping that the judge will be open-minded enough about the matter to accept that maybe the BoD have been lax, lazy, incommunicative with shareholders (other than in a negative way and with no true third-party guidance) and that thus their 'plea' has no real foundation without further investigation and / or presentation of evidence. And if such evidence may be presented, it doesn't imply conflict of interests nor internal collusion.