Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Agree completely max, if you bought these recently in the past few months and are going to sell when the administrators are on standby seems ridiculous, every business has to put a contingency plan in place for worst possible scenario. This was always a gamble, going to be a wild few weeks. If this is still here in July it will be party time
My advice would be if you weren’t going to sell last week, don’t sell this week. Price will be lower and there’s the same chance of a deal by the 26th as well as positive news of shopping centres reopening on 15 june
I think the price will drop as people are scared by the headline, but as I said nothing has changed from last week. All the story is saying is administrators are being called in if a deal can’t be reached, there’s also a few positive lines in there.
Sources said this weekend that the fate of struggling Intu remained in the balance, although people close to the company expressed "cautious optimism" that its banks would agree to step back from the brink.
People close to the company believe its lending syndicate is likely to demur from forcing it into insolvency because of the potential value destruction that would occur.
Securing alternative managers of large shopping centres as the retail sector attempts to recover from COVID-19 would be an uncertain process, according to insiders.
It is unclear whether an alternative asset manager with Intu's expertise or negotiating power would be available.
Comments on here make me laugh, calling in the administrators in case they can’t get to some kind of arrangement is just common sense and following procedure. The debt situation is the reason this is sub 10p, I expect some kind of an agreement made before 26th June
Missed it today, how much was the trade? 500,000 share buy and did that cause the spike towards the end
America finished really strong, expect ftse to follow tomorrow
Hard to believe shorts haven’t been closing with the volume of sells past 2 days. Expect this to rise nicely once shorts are out
Volume high again today, any news on short positions?
Explains the resistance between 9 and 10p, my guess is it’ll take a day or 2 while the shorts close, and then up to 15p+ but all speculation. Volume tomorrow will be interesting
Correct if wrong, but pretty sure it was just one trade that was a sell which was amended and corrected
HL happening more recently
Same happened with de la rue yesterday last half hour, couldn’t buy or sell???
Agree, been a strange market this afternoon, didn’t expect this to stick once it past 9. Any ideas why not much has moved this afternoon?
Break through coming with high vol. 11p close dyor
Back to 10p soon
Think this might shoot up today