Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
I agree that 'tick up' posts are equally pointless. However, they are intended to make people happy, a much more acceptable thing than deliberately trying to make people miserable.
I disagree, we can all see the trades. Pointing it out in a post is just deliberately trying to p**s people off.
Apart from the general market problems, I suspect some people will have been spooked by the WLFE collapse. I know it made me feel slightly uneasy even though I know that our situation is very different.
JTS, this was Kev's analysis not mine. I was just clarifying as there was some misunderstanding. Yes, a great position to be in, if it's true, totally risk free. Of all the explanations we have discussed, this makes the most sense to me.
I only wish that such placing/warrant offers had been made more widely to existing holders. However, I realise that would be more complex and hence more expensive for the company.
I think the suggestion was that the placing (0.28) shares are being sold with the knowledge that the warrants will enable them to be bought back at 0.42 by exercising the warrants (any time up to June 2019). This not only gives a healthy profit now but allows the warrant holder to wait to see if the price has risen significantly before buying back in. I wish I'd have been offered some of that, although I'd probably have held on to the 0.28 shares anyway.
I agree that it doesn't make much difference to many of us. I will be holding well into the future whatever (unless there's some real disaster). However, I'd just feel happier if I was in the black (I need 0.52 for that)
Devil, I do understand exactly the scheme you are proposing. As I said in my first post this morning that it could work in a volatile market with lots of regular ups and downs. Given the frequency of these trades this would need to be on an almost daily basis. But look at the WRES price profile over the last 6 months. Slide a 21 day window over it and count the opportunities to make any profit greater than a couple of percent (i.e any sort of real profit given the spread) there are only a couple, one at the end of July and one in mid September. These lasted for a few days; there have been many many sells in the rest of the period where a loss would have resulted. It would be interesting to analyse the 3m trades in the peaks but I don't have the data. Incidentally the selling and immediate buying back is one of the reasons for my tinfoil hat cleaning theory.
Devil, no I understand that you are talking about the recycling of a relatively small number of shares. But they have to be bought less than 21 days before the sell and there has been no opportunity in that time frame to buy at a price which would make a 0.42 sell profitable.
Devil, sorry but I don't think that works. This has been going on for at least 6 months with getting on for 100 3m sells. (someone else has been keeping track) each at around £12k. Say they lose 3% (generously low) on each transaction (give the share performance there will have been very few profitable ones) that would be a loss of around 100*3%*12k = £36k. It is going to require a pretty big sudden spike to recoup that. An awful lot of faith if anybody thinks that will happen much before production, so why keep trading now?
In addition, as I said, this has been going on for 6 months or more. Although many of us think there will be a big spike on or leading up to production I don't think anybody in the know thought that was going to happen 6 months ago so why did the transactions start then?
So why would anyone want to lose money in order to keep the share price down? It really doesn't make sense. One fairly doubtful explanation is that someone knows they have a big settlement (inheritance or whatever) coming and has enough faith that they will make big money from WRES that they think it is worth keeping the price low until they can get in. I have to say that I am more and more suspicious that this is an exercise in cleaning dirty money although again I can't explain exactly how this would work. It would seem to require a bent broker somewhere. A bit too tinfoil hat?
I agree, I don't see how the T14/21 tactic would work given the activity and share price we have seen here, There have been many sells at 0.42 over the last few months and in order to make money over the spread would need the shares to have been bought at 0.40 or below. That price hasn't been available since the end of 2017. This tactic only works in a volatile market with lots of ups and downs. The WRES price has either been static or slowly falling for the last 6 months when a lot of this selling has been happening. There have been a couple of spikes but nowhere near enough to make up for all the losses on the spread. Not that I have any sensible explanation.
I bought into this share in 2012 at 3.2p I seem to recall many of the same positives being claimed then. It's got a long way to go before it will be a legend for me.
I'll trump that (excuse the language) with the Stones at Richmond Jazz Festival in 1964. I have to say I don't remember much at all - it was the sixties!
Means nothing to me either but others seem to like it. Actually I'm not into gardening either!
Anybody agree with me that discussing politics on here is unnecessary. There is enough of it on the rest of the web not to mention enough disagreement on this board on other things. This is obviously the place for discussing nuns and gardening with occasional mentions of WRES. :-)
Not saying that this is necessarily what is happening, but do a Google search for 'money laundering through penny stocks' - interesting. Apparently brokers (at least in the US) are supposed to have mechanisms in place to catch such things. One might have thought that the activity here would have triggered an investigation by now but who knows?
That's because the link was given referring to the hashtag #wres which is not unique. It is also used by Workforce Race Equality Standard. Try instead - there is another photo too
https://twitter.com/WResourcesPlc?lang=en
I think he's saying that WRES shares will probably rise in the future and when they do his charts will have predicted it. ;-)
OMR, I believe that well over 50% of share trading is done by automatic systems. Most of them are 'happy' to make fractions of a percent profit at high frequency without any concern for the long term prospects of the shares. So, as soon as there is a profit to be made, the sells will come. it's just a fact of life in the current trading world. However, quality will win out in the end - good luck and be optimistic.
Let's hope so, I was worried that there might have been some nuns staying in the hotel.
Was there anything in particular which caused him to take his trousers off?