Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
All those rampers, oh dear a painful lesson learnt today for those guys.. always said on the collapse buy blue chips and reinvest the divi! No brainer in current climate. Anyway I feel sorry for those that have lost there money today, how people are talking positive still is beyond me! Good bye one and all, stay safe :)
It’s ironic really I was expecting multibags on this would happen way before PMO and Tullow. Instead I’m sitting on multilbags on both of those and 20% here.. who would of thought it!..
Question, does anybody have any reference points in terms of good logging results relative to SP gain with similarly place oil stocks or even 88E historically. Just trying to have an educated calculation of potential gain on SP if logging comes back as expected. Understandably this won’t be accurate to this SP but I’m just curious, thanks.
The intention is to sell the asset I believe, not go into production themselves. So you would be looking at ground value which I think someone quoted as $3 a barrel. I would like to know where that figure came from just for peace of mind. Also selling an asset in these times may prove difficult but I guess every thing comes down to the results.
https://www.ktuu.com/content/news/Prudhoe-Bay-worker-tests-positive-for-COVID-19-569265481.html
Jiddy you really are an angry man.. yes I have traded this stock a lot and made very good money.. being an ethical trader is not determined by a comment on LSE my friend. I always use the money to donate to various charities and causes so it’s a bit disappointing when calls judgement on you, however i won’t lose sleep over it. GLA
It will be down again soon don’t worry, not to rain on everyone parade as I’m invested here also... how many technical traders are here, you can see it also I’d imagine. Stimulus from Trump has done wonders, but is this short lived, unknown quantity unprecedented situation overall so anyone’s guess. Oil still getting destroyed on price.. unless there’s a ton of insiders buying up stock the trader will take there profs.
MILOH, 2-3p would of been a huge disappointment not to far ago.. everyone is readjusting “predictions” all the time. Would it not be conceivable that 1.5p would be a great return if this continues the trend down to sub .5
It’s all relative.. I still standby the fact oil has much further to fall in the coming weeks, potentially sub 20$ barrel.
Still no good for me Im getting out of this iWeb, not the first time I’ve had issues with them recently. It’s a joke when your got 000000’s invested need immediate sells, 10% is a huge amount of money! Utter pish! Rant over haha
there is a fine line between gambling and investing.. everything at this moment is gambling, it’s not educated hoping for RNS is not a good strategy. The board may as well wait releasing news when the market is flooded with oil with be a short term gain followed by more sell off. The oil price will be sub 20 soon, probably after April 1st as I mentioned a while back the market is over supplies enormously. Double that with a complete lack of demand thanks to Coronavirus it’s setting up for the perfect storm. In coming weeks. It baffles me why people are buying anything now, slipping to a 1930’s depression at this rate! Bail outs or nationalisation major companies is looming.