Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Tomorrow ...newly issued shares will hit the market....most of those who wanted to sell would have fwd sold.....already we have traded something like 1.8Billion since placing took place....point of note...many havw suggested and i also believe.....fwd selling started on day of rns ( monday 11th ) on that day we had 900m traded since that day till now...in total just under 4Billion have traded......the way mm's dropped shareprice on the 11th ( rns day ) right from start...was suspicious...u do not get some 20%-30% drop on what wasnt that bad of rns...yes we had delays...but 900bopd was confirmed as possible rates in near future.....the drop was manufactured ..1. fwd selling....2. mate rates for placing...
I am looking fwd to up coming tr1's.....some of current trl holders would have been diluted...whether they added during fund raise or not..will be know via TR1 disclosures soon....will be interesting to see....if and how many new ii's have have more than 3% holdings
Correction
"Here at bce...we dont have that problem....of exploration risk...we have drilled....have increased our reserves....between pre-drill levels of quality of oil...."
"better pre-drill levels of quality of oil" not between
When exploration drill is about to happen/start...there is bit of BUZZ...are they going to find oil?.....is it going to be pre-drill estimates...will the quailty of oil be good bad....etc etc....just on anticipation shareprice can go up 50% 100% 200%...then from there results of drill decides where shareprice settles....
Here at bce...we dont have that problem....of exploration risk...we have drilled....have increased our reserves....between pre-drill levels of quality of oil....
Key was always going to be BOPD....due to historic figure of 215bopd...from schb1...many were nerves on the edge...all of us would have been happy with mean of 600bopd.......well...guess what....forget....600bopd.....the TALK in TOWN is.....we most likely will be producing at 900bopd or even more...in about 6-8 wks time....
Only reason why we are down where we are is for 2 reasons...1. unexpected delays 2. unexpected placing....
Many of us are not happy with the way things panned out...and the manner they were done in.....whats happened has happened....no point sulking now.....MATES have been let in from backdoor...at discount price ..not first time this has happened on AIM...nor will it be last....
Going FWD....some 2.3B bew shares will be issued...some will go to ii's who wont be selling....most likely TR1 from them from nxt wk onwards..i also believe Tulip Oil...would have increased there holdings....of 4BILLION shares...would be interesting to see..if DIRECTORS of beacon...or RHIEN took part...
After dilution with some 13BILLION shares....our m/c will stand at
0.15 = £19.5m
0.20 = £26m
0.25 = £32.5m
0.30 = £39m
0.40 = £52m
0.50 = £65m
0.75 = £97.5m
1p = £130m
1.5p = £195m
2p = £260m
Key thing which many dont see and are missing...900bopd will be from schb2...we will also have two further wells...so you are looking at near 3000bopd...just from this field...within nxt 6-12mths...
3000bopd = £60M/yr profit at brent price of $80...profit/brl = $55
Larry did say....development plans will change...most likely...FAST TRACKED...
i wouldnt be surprised if further ACQUSITIONs are made..they have been looking at one for some time now...
Then you have other fields... Steig already DISCOVERED...just need bit of tweeking...then we could be PRODUCING HIGHER bopd from there...
BIGGER price imo....is the TRANSFORMATIONAL Weinheim exploration block....where there is potential of 150-180mmbbls...
Yes placees...have been GIFTED these at MATES rate...good thing is...we can we have the funds to ADD at same price...
dont think what monday / nxt wk or so is going to bring to the table....there are too many traders...so shareprice will be volatile up and down...just ignore the swings...if u are an INVESTOR...and see where we are at..lets say CHRISTMAS time...
GL and SWEET DREAMS
It looks like....someone has missed out on placing....and they are BUYING in open market....
mm's willing to take large sells at decent price...and filling BUY orders...seen several 5M 10M few 20M and atleast one 30M
looking good
Another +ve thing if you want to call it +ve...
Its very very hard to raise money these days on AIM....comapnies are struggling like anything....no-one wants to lend money out or risk leading a placing...here at beacon....£4.3m was over subscribed in about 3/4 hrs....ii's ( the ones who will be holding on, most likelt tr1 to come from them soon ) must be very very confident of high returns
Its my guess ..fwd selling if indeed fwd selling took place....started straight away after mondays rns....they must have knew about the placing....hence presentation with rns ( that was a 1st for me )......on that day alone...we had 900m on volumes front..the day after we touched 400m....they way they dropped the price from 0.27-0.18 was suspcious....like i say....if some of these big boys wanted out....imo they would already be out.....maybe thats the reason...why today has been somewhat +ve ...
only my thoughts/opinions could be miles out....
Even though this placing sucks for us holders...who are down over the last few wks.....but it looks like....
Now that doubts have been removed and placing has been oversubscribed fully funded till production...m/c feels confident....
Someone...missed out on the placing....and is HAPPY buying in 10M BLOCKS....whetaher its 0.15 0.16 0.17....its all cheap....compared where we will be once 900bopd starts to PUMP out in few weeks time......
HAPPY DAYS!!!
"bringing a number of new high quality institutional investors onto the shareholder register "
Looks like...TULIP OIL most likely have increased their holdings...albeit being diluted at same time........new ii's on shareholder register...someone somewhere feels confident at ( MATES RATE )
Zendor when one invests in a company....that company belongs to them partially ...so if one is not happy with the way things are run... rather than throwing tantrums on social media one should let the Bod know of their thoughts directly...not that it makes much difference to most of them ceo's etc....but just to make one feel at ease little bit....
Ianjan....i also never took part in current placing....bottom line is i have no further funds available...yes i have lost faith in Bod....for misleading us....not once twice.....but thrice in short space of time.....having said this.....its not about me or you trusting the bod....AIM is crupt as anything...there are too many players in the back ground.....who would have taken a position in this some would have even fwd sold.....watch them same ppl...promoting this to nxt level now...to be fair....it wouldnt surprise me after initial fall this ended up massively BLUE tomorrow ( not that i am counting on it )
I always try to be +ve on social media.....no energy to be -ve.....
Now that this placing is out of the way....and funds good as in the bag.....crucially many having bought back in at 0.15 or will be buying on the drop tomorrow....looks like this will re-rate to decent levels.....say with 15BILLION shares in issue....at 0.5p m/c would be £75m possibly lot more imo easily acieveable with funds in the bag and production of 900bopd to commnce shortly......yes some will trade....like they have been gl to them...i still feel investors who hold med/longterm will benefit the most
They say never fall in love with a share...i tend to do it alot..even if i have doubts i put them aside...and somehow believe all is going to be well
After promoting this share for weeks....mondays rns was a downer for me...i never sold a bean on the up...or on the way down if anything i bought more on the way down at 0.205..still hold all..i had my doubts re-placing...but i kept believing like many others that it wont happen.....i try not to trade...rather INVEST...its hard to let go
after mondays rns....i did email the company ( larry ) and shared my frustration see below
"Morning Larry Bottomley,
I would like to express how disappointed i am along with many other shareholders high stake retail shareholders. SCHB2 drilled started on June 19th we was told it was going to be 25 day drill + 12 days for testing = 37 days.
Delays can be expected its normal, my concern is why you didnt carry out 12 day testing straight after, you guys didnt even have the audacity to state in rns on 18th of Aug that there will be no 12 day testing, you kept us retail investors believing 12 day testing was still on, in that rns on 18th of Aug you said we will be going in production within a month, yet you havent even cleaned the well in almost 4 weeks since. Like i have said delays us investors can live with, but being mislead is unforgivable. Now many on social media are saying you have ran out of funds and that you will be doing a fund raise, i normally dont care what is said on social media or what rumours are spread but in this instance the way the Bod has acted ( dishonestly ) it seems like something is going on in the background, you guys have been saying we will be self-funded in many interviews/rns's i hope you stick by this and dont go and backstab loyal shareholders again and do discounted placing, if you do i believe this will kill this share trust will be lost and then no matter how good beacon energy becomes in the future you will have lost many decent high stake retail investors for good which might mean beacon energy never recovers to its full potential on shareprice front, faith in bod will have been lost forever, i will be one of those who will desert beacon energy for good.
You could have easily stated in last rns that we are fully funded until full production starts in few weeks time, you could still easily put a tweet out stating we are fully funded, atleast this way all doubts will be squashed and retail investors will stop panicking if you dont let us know then that will only mean drift in shareprice as many leave with doubts in their heads.
If nothing else i genuinely hope you reply to this email and lay my concerns to rest.
Thank you "
even though i had my doubts i was hoping in back of my mind..i get an email back from larry rubbishing these claims re-placing/funds..which never came ( red flag )
Going fwd i think this is a GREAT opportunity/company at current levels
BUT question is can the Bod be trusts
I do understand the confusion this has created....imo words in rns could have been worded better
operated cash flow = Operating Cash Flow (OCF) = Cash Revenue – Operating Expenses Paid in Cash.
larry used the term FCF in the presentation FCF = FREE CASH FLOW
Free cash flow = Free Cash Flow (FCF) = Cash from Operations (CFO) – Capex.
Give away for me is .... larry has been saying in pre-drill interviews of net profit of $55/bopd do the maths...
Bottom FEEDERS are filling their boots
We already have seen what this could do
Once 900bopd's start to roll in
PROFITS in excess of $20m/yr is no small feat..and thats from just one WELL ... 2 further WELLS are planned...most likely FAST TRACKED now...
HAPPY DAYS!!
Smiler LOL....theres 2 of us alright....when u PROMTE a share its never easy...especially with me...as i do nights....yesterdays rns alongside bashers/derampers....have taken the fizz out of me and the rise.....good thing is.....its still happening....900bopd is 50% higher than pre-drill estimates...as is 5.8m reserves....
What the trolls have done...is given folks like us to BUY even more at crazily low prices....lets see where we are at CHRISTMAS...my guess well over 0.50 hopefully lot closer to 1p mark....
i just get my head around... $18m/yr profit m/c only £18m.....
We are still over 100% BLUE since SCHB2 hit TD and we were told of reserves INCREASING and QUALITY being better than re-drill estimates...
What yesterdays rns has done is.....let those who sold all the way upto 0.27 back in on the cheap....this could have easily gone the other way....had they said...900bopd PRODUCTION has started....which now will happen sometime late oct starting of NOV....delay is a delay...market hates delay......to top it of....many are having doubts re-funds...rightly so imo....
Folks need to look at bigger picture....if u a are trading and losing then take it as just a red/black bet u are losing/lost....if you are investor and holding then nothing has changed...if anything over last 6 or so wks....you are 100%+ in BLUE...
Once in FULL PRODUCTION new All TIme Highs will be HIT and SMASHED....just look at current m/c....£18m......production from schb2 alone will be giving as $18m profit/yr...so its fair to say...currently these are give away prices at 0.18...
Only thing that can hold this back short-term is if they raise funds...which imo they shouldn't as they have been stating self-funding many times over last few wks/mths....having said this...we know AIM is corrupt as anything ...anything is possible....once TRUST is lost in bod....its hard to WIN it back....
For now dont look at -50% since yesterday...look at +100% since mid-AUG...
HAPPY DAYS!!!
I have already ADDED yesterday after the drop...havent sold anything...since posting ...
Many have traded this and will carry on to trade...gl to them....
Shareprice will react to news/rns....some have been put off by yesterdays rns.....its only matter of time be4 we start going up again...
this share will be volatile both ways up and down....as traders play their games....in end i guess real monies will be made by investors who hold onto their GOLDEN TICKETS...as we expand drilling campaign
HAPPY DAYS