Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
I'll be truly happy though only when they removed Mr B - imo.
I appreciate that he's a key character for them but the law is the law. No amount of gloss with new appointments will detract from the sourness of this episode until we have people in who treat their position, and shareholders, with more respect than the Boughtwood/s seemingly have done.
Despite all of this, the fact still stands that this new appointment looks excellent and hopefully bodes as such.
I think I can sense what's going on here. Ducks realigning in a corporate fashion as one door closes sort of thing, but without the fanfare of booting a founder out unceremoniously first? Idk. It remains a point of contention that Mr B knew what his wide was doing, depending upon how these two live their lives at home, which none of us can know.
But given the nature of the situation Mr B will know that whatever he has personally done or not done, responsibility does fall on himself as director, just as responsibility for damage falls on landlords in the rental market. And I'm sure he and the company know what the honourable thing to do is.
But we will see. I'll reserve judgement about this matter until company judgement about him comes through and act accordingly then.
On the face of it this particular RNS is a champ though and strongly hints that high-calibre individuals are not put off by one person/family's actions within the company. Especially not when the overall model looks sound and strong.
Reply received from DGI just now:
'Dear xxxxxx,
I hope this finds you well and many thanks for your email.
I completely understand your shock following Monday’s RNS, which we were of course most disappointed to have to issue. Please rest assured that the Board is fully committed to establishing the facts of the matter and is working diligently to do so before taking an appropriate course of action.
Many thanks for your support and understanding.'
Best Regards,
Jack Allardyce
CFO
You know, I don't know what the problem is with not expecting these small firms to raise funds. You really do use it as an excuse to cause total chaos. Nobody likes it but it happens hundreds of times, people moan and then things settle down, and we all move on. Things need funding. If you're prepared to sit tight you often see good reasons for such fund raises.
If she sold because she was frightened of a fund raise in order to make product as soon as 2025 she might as well sell up her entire mansion and come and work with the other half-baked sorts on here, going round telling people that every fund raise = bad. Even if it's the case that it is on its way, a lot of us here accept that it often needs to happen to get to better things longer term. It's how these markets work at this level.
I suspect any raises wouldn't be outlandish either, given the way the company has restructured itself.
Very under the radar share. Great promise on these assets imo. Obviously there'll be a raise at some point but could be a winner with so few shares swishing about and good governance/prospects.
Yep, all so they can make a few bob on a potentially stabilising RNS. If it's not they'll not have lost a great deal, they'll move onto the next smash and grab target. You get to recognise the boiler room names round here pretty quickly.
And neither am I buttering up the company, it needs to act before it tips off a cliff.
For me, and I'm sure most others, it'll be a huge relief if they just get rid of the pair of them now. The damage this has done and the destruction of share price and investor confidence is apparent and even in 24 hrs the uncertainty is doing the company no good.
The company needs to focus on its terrific tech and team, not people who bring it into disrepute, whether they deliberately meant to or not. I'm a reasonable person but I'd certainly make the Boughtwoods past history if I had my say..toxic mud sticks unless you wash it right away straight away.
Worth noting that her husband was the one that reported it in. But is his position actually tenable anymore? With this wording it appears not to be so secure:
'Martin Boughtwood is co-operating fully with the Company's investigation and the Board is considering appropriate courses of action in the circumstances, both in respect of Martin Boughtwood's position as a Director and also his role within the Company. Further announcements will be made in due course as appropriate.'
It does look that way - premeditated, and trying to get away with lots of sells.
Was she caught in her tracks before offloading more or had she finished? I'm amazed at the arrogance of thinking you could get away with this when it's driving the sp down for no good reason, not after the latest positive EVage news, which we should have soared on tbh.
Well...yes, that's what I was quoting. Oak vs Boughtwood/PML of that time, 2009/10. It's one case and not a good look for him, but it is also over 13 years ago.
I'm not excusing it. What I'm enquiring about is does he have a potted history of this sort of thing? Because I couldn't find anything else. And clearly DGI saw fit to take him on. Perhaps now to their detriment, but they still gave him a position with them.