Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Have 5 locations they operate from. Germany, u.k, Brazil and 2 in Africa. South Africa and Botswana I think the other depo. So hopefully equipment will not have to be shipped to Zim. Great stuff. Now looking at my measly 2 other shares and trying to make the difficult decision of should I sell some when they are down, to buy more prem. Can feel a headache coming on.
That’s for sure Ffl.
If anyone has any doubts about delays forget it. Go read up in Syn, how long it took to get their g and o into production. Update no 6 the flow rate was 0.5 after. Frack. It took until update on the 11 th November to reach 255-275 .
‘The C-77H well continues to produce on a consistent plateau with gas rates between 255 and 275 MCFD. The c. 1450m column of gas condensate persists and requires an artificial lift solution to both remove fluids and enhance gas production’.
A lot sold off from this share and it dropped to 0.2. It is now 0.115.
On top if cinnabar-1.if 2 and 3 also flow with improved rates this share will also improve..
Last rns on cinnabar-1.
Mosman has successfully drilled a development well at the Cinnabar project (Cinnabar-1), and flow rates will be announced before the end of November.
It’s only the 15th today. Two weeks yet before anyone can worry-Results late. And ask Why?
I am invested here, but for those disappointed with the wait and not invested in oil previously a cautionary tail.
I originally invested in Ujo. After a long wait with share pric tumbling I sold. It took quite a while mind but on checking up to see if it was worth reinvesting. Too late share price was 29p.
Next came Syn. The BOD thought Xmas had come early with an exciting rate of flow. Than nothing. Time went by, but then guess what. Issues were dealt with and the sp went from .02 to .11. Those still invested there await other wells in the basin.
in both cases it took some time for the fluids used in a frack to dissipate and flow rates to stabilise.
Although cinnabar is not a frack, nevertheless initial flow rates need to stabilise.
Moral of the story is two fold.
1. Be Patient.
2.if the results are not what is expected. It may not be a the disaster you imagine it to be.
GLA.
https://kuchling.com/the-lassonde-curve-a-wild-ride/
Interesting article on the links between exploration stages right through to production in mineral mining. It outlines via curves when s.p is likely to rise n relation to stages arrived at.
I would love to know the history of their RBD share buying. Did they acquire the shares at the inception and start of the company and may like a lot of pi’s here, fed up.
Or have o lot of their shares been acquired since the rise in the price of oil and this is an aggressive move to benefit themselves.
I looked on the internet and found it is not easy to identify or get any specific info on Pershing+nominees. My search suggests it is or was a company doing accounts for dormant companies. Then it suggested by language it is a German company. Info seemed to me to be extremely opaque. Does anyone else here managed to get clear and consis info on this company?
This area is imv a lottery. However London South East market report today on the highest and lowest movers. The highest movers involved one lithium stock top of the list at over 20%, 4 of the other top 5 involved shares involved various stocks in the energy sector.
Yesterdays highest movers according to London south east market report. Placed the highest mover up was a lithium stock which rose over 20%, the others were energy shares. So maybe the share isn’t going up today but I feel that is something that could be ahead for this share at some point. Needs patience and balanced thinking re fundamentals.
Hoping for a rns this week. Or next. We still have the following to look forward to.
DFS - sample pulps at SGS Randfontein awaiting analysis
1,256
DFS - sample pulps ready to be shipped to SGS
401
DFS - samples being pulped at Antec
209
DFS - ongoing sampling of drill cores at site*
600
I’m not an expert in o&g but Al invested here. But what I can comment on here is comment made on bbc1 and other stations of the chaos and reaction of the market regarding the recent mini budget. The pound has fallen sharply, the B of E is buying up government debt, and mortgages withdrawn. people are becoming vocal about the disparity between those better off and the poor. If all those don’t spark a drop then what would?
r Han**** Iron Ore Project, the Company received highly positive results confirming High-Grade Direct Shipping Ore (DSO) at a grade of 62.7%, with production being targeted for 2023. Given the increasing global demand for sources of green steel, sources of high-grade iron ore with lower energy requirements to get them to market will be of great value. Samples of the product have been sent to potential offtake partners, with Alien's subsidiary (The Iron Ore Company of Australia) entering into advanced discussions with a number of parties attracted by the low-risk nature of this project.