Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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From the foxm link, some of the companies Bergen invest in: https://www.bergenasset.com/selected-investments
A bit more about them:
"As passive investors in the public markets, these funds do not seek board representation, allowing talented management teams to focus on unlocking value for all stakeholders.
With over 60 investments in small-cap ASX and AIM listed companies, over the recent decade, Bergen and its team have become a well-known quantity in the Australian and UK public markets."
https://www.bergenasset.com/public-companies
Read this earlier Fyoz.
https://www.bergenasset.com/investment-philosophy
Investment Philosophy
Bergen’s substantial point of difference is its willingness to think outside of the box and see opportunities where an investor with more conventional thinking would overlook an asset’s potential.
This creativity is coupled with Bergen’s management’s experience in idea generation, and efficiently and effectively assessing, structuring, executing and managing investments in its ideas in both the U.S. and foreign markets.
Another key component of Bergen’s strategy is its philosophy of win-win – only those investments that deliver value to both Bergen and the existing investors in the prospective portfolio company will be successful in the long run.
I think investors are perfectly capable of working out where QFI are and what they have to do, difference is they`ve got the funds and time to do do it, you forgot to allow for the extra £1.5 million from the open offer skipper, that`s another 7 months operating costs. I would hate to be short on QFI right now, must be a horrible feeling, not nice at all. Still its Friday and an RNS to look forward to next week and news of a conference call where we can get updates on the many projects we have on the go.
And you don't think Bergen did their due diligence? You don't think QFI had to show them why they're such a good risk despite years of losses?
This is about as positive as you can get without a signed contract, which I'm sure Bergen knows are coming
MK "The initial tranche of the funding from the Investor is in the amount of £2m, and it will provide the necessary funding to continue the activities noted above through to June 2020"
Yes there is more funding/debt available after year 1 - however I think we all agree if QFI are in the same loss making position they are now in 10 months and need to take that money, it will not be seen as a positive by the market.
The fact is we NEED a contract ASAP. We cannot continue posting million of GBP's of losses year on year.
This is a crucial 10 month window.
Incorrect information Skipper. QFI will have an additional £1.5 million from the Open Offer (which you and Lionel are going to take part in apparently) AND they have a further £2 miilion arranged to follow on next June if they want/need it. What RNS were you both reading?
Well this is positive news, we had an axe over our heads with this funding issue and this buys us another 10 months.. which is a relief!
Looking into Bergen Asset Management I see they did the exact same type of funding deal with a company called Vast Resources PLC in February - 6 months later their share price hasn't moved - so I am assuming they haven't progressed much since - hopefully we will use this funding to finally deliver some success.
I won't be getting carried away here - we have 10 more months - but this will all be irrelevant now if QFI fail to deliver some signed contracts.