Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
I pretty much offloaded on every leg up except for one ocassion and surprisingly it worked v well for me so far... However I am quite confident we will never see 3s again...
Perhaps can better explain this odd behavious if SP. From an ordinary person's point of view / retail investor who often feel played by professionals for their advantage I have come up with a theory that someone with very large holding is trying to control the price... Odd days when he is not at work we see good increase but over next few days SP ends up from where ascent started.... I am quite sure it will be taken over at some point with this sort of SP action.. Something similar happen with KAZ mineral whis SP was disconnected from assets and cash generation... But once it fell out of favour with market for some reasons SP could never recovered.
I genuinely wish you good luck with your investment. However I hope you are only investing what you can afford to lose. You seem to be very optimistic about future prospects of MCRO and in a way I share that sentiment. But my 10plus yrs of experience tells me there are always some unexpected hazards in investing... I got caught on few ocassions in past when everyone thought everything is hunku dorey... Arfen plc comes to my mind where I lost all my investment. Glah
As this sea-saw SP movement is too much to handle.. Locked in 2k profit... Will try to reenter around 480 if I get the chance...glah
Personally I have always been of the view that pension funds are much better gauge than hedge funds for long terms prospects and safety of investment.. Hedge funds r bit like hit and run drivers
Is beyond comprehension.. MCRO seem to behave like AIM listed companies where it spikes on news and then retrace... Its unusual for main market listed companies who are mainly judged on key performance matrices rather than news flow.. Perhaps its a reflection of absence of long term institutional share holders after their exodus is last couple of years.. I get the feeling PIs have large share holdings that combined with special sort of hight risk IIs who tried to gamble on company around £2-4 is making SP v unstable... It all might change with entry of long term investors/pensions funds etc..
Why do we think we should have update within this week. I don't seem to remember Company giving us a date for the same.. I am hanging by thread for margin call due to bad week elsewhere... Can't afford wild negative swing... GLAH
For me is that It integration project is almost done with all major expenses already incurred... For me this would mean that going forward we will have more money to pay down debt and increase dividend.. It was one of major expenses in last 1-2 Yr... Eagerly waiting for next update which coukd be as early as next week.. In the meantime will try to buy few more if funds become available and SP remains around 475p...in my view it should retrace to 600 in short time (2-3 month).. GLAH
What is net profit? What is financing cost? Can u please tell in approx figures if you rememeber?
Once a wise man told me you can almost always buy a share cheaper so it's never a bad decision to sell at a profit....... It seems so true in case of MCRO..and many other trades I did in past... My sincere thank to that wise man for sharing his wisdom.... I could buy few more taking benefit of recent fall.. GLAH
Does anybody else think divided will be increased by 100-200% for the next Yr consider £1b profit... Where r they spending such large profits..finanxijg cost?
Got timing completely wrong after buying yesterday @492....i should have waited bit longer.. Seems to be getting towards 425-450 range...
Don't know why this recent retrace when things r only getting better for MCRO... Today I decided to put the money back.. Intermins should be due soon and I am expecting it to be good reading.. GLAH
I know we all are expecting the news imminently but people need to realise that its coukd be a company making news but certainly now one with potential to break the company... Its very different from oil well drilling result but some people are taking it in that way... Even if financing doesn't come now... It will come eventually at some point... So all holders just need to relax and be little patient... Glah
I am sure for an average PI it's a missed opportunity as its too expensive to buy now... I certainly don't have kind of money required now to hold digital currencies...
Perhaps in another two quarter if we are not in takeover process... With 1.2 billion profit it is potentially big dividend paying cow with such low count of shares... I guess reason for SP fall equity raising risk which seems to have gone completely with It integration project is nearly done.. Still looking for a suitably reentry point which may not come again.. It seems missed the boat just as for digital currencies.. I held 2 bit coins (av 3600) and 5000k ether (avg 133).. Which I sold for approx 10k profit but missed potential 150k....patience is virtue which I seem to have lost after some serious beating in market in last 3-4yrs...glah...and try to be patient...
Yes after selling shares for the first time around 400ish..its a lot easier through CfDs... I may buy back again looking at what comes out in RNS on Monday...
Only by a day... Anyway I still made tiny profit... Good luck to those still holding.... It looks like something is a foot considering it has always been a leaky ship...
I decided to offload all of my holdings today as i dont think its going to hit my target price of 525P anytime soon....still made some profit with 450P average.....may buy again if it dips due to any more nasty news which it keeps throwinf from time to time...GLAH
Any further rerate would require company to show growth for 2-3 quarters.. Otherwise we will be stuck where in 450-550 range...