Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
I heard it again, thought he said ''mid'' April. But you are correct he said ''from Arpil''
I do hold shares with Dev that I contemplate whether to hold or sell. I do believe that this sector is forthcoming with a big market gap over the next 5 years in a growing economy, and especially now, during the COVID-19 circumstances where VR and remote working seems to be in great demand (as we can see with ZOOM usage also increasing rapidly). However, I wonder the following and would seek some genuine smart and intellectual opinions:
Q1: Will the Mid-April production with Lenovo still go ahead as planned if the COVID-19 is still in the rising in the US and UK? What’s the worst case scenario case?
Q2: How could the Covid-19 economic impact (and possible coming depression) on UK and US effect DEV clever performance and SP in the near coming future?
Q3 In the contrary, what advantages does DEV Clever have going to outperform the market during an economic recession/depression?
IMO: it’s almost guaranteed that once global economic results and data are released over the next few months, they will be on the decline, with real GDP and unemployment down substantially. (Current unemployment already spiked 32% in the US an all-time low).
As such, DEV clever production/performance will be negatively affected.
-With production possibly declining due to decrease in demand and cost cutting in employment.
-Schools, companies and individuals will be seeking to cost cut and reserve on capital, many would not be investing in new VR technology.
-Revenue and growth as a result will be on the decline and negatively impacting the company’s annual accounts.
-Additionally, shareholders will be cashing out and panic selling to conserve liquid cash.
As a cumulative result, the above would all drive the SP down substantially.
Dev Clever, COVID-19 and Trading Update from CEO Chris Jeffries. see link below
https://twitter.com/Elim40962624/status/1244938915028615174?s=20
Nothing, the SP is simply finding its way back to wear it was 2.5p-3p range before the smallcapprick /Stock Tracker / TOP AIM STOCK (on twitter) and his alise decided to P&D the hell out of it last week...IMO it will keep declining until formal RNS with positive news is released, you just gotta hold on for the long run or sell if you don't want to take that risk.
People here should stop misleading others by ramping this SP without any formal RNS UPDATE, instead you are only speculating from the retail sites and old articles and RNS. Just because a company is offering a refund until next year does not justify that it may still stop trading if funding is not sorted and got bust (It was stated on the last RNS that this is a possibility). lets just wait for the next formal RNS and see what happens. People should only invest now what they are prepared to loose and not listen to the short term pump and dumpers as this can still end very badly
For the people that are saying extra cash was burnt on the last 2 month required in renting the diesel generators, that is true. But everyone missed out that the RNS also stated that they have an insurance claim is being made in respect of the loss of profit and additional cost. As a result, the company will be getting the monies back on cost and profit that was lost.
Quote:
Additional costs associated with operating the rented diesel generators were about $1.1m, Firestone Diamonds said.
An insurance claim in respect of the loss of profit and the additional operating costs was in the process of being compiled, it added.
Unquote:
I am fairly new to the LSE Board. However been watching this stock. Main thing I see is that the SP already reached rock bottom over the last month, only time before it bounces back up since there isn't much holding the SP back following today's RNS. It should take it where it was last year 3p/4p. Also, IMO From my professional experience in Loans, covenant breaches can be common and usually get waived and extended so shouldn't really effect the SP anyway.
Boris did meet with the company previously, based on this article there still is future hope for government funding https://www.google.co.uk/amp/s/www.businessinsider.sg/boris-johnson-promises-state-aid-stop-companies-collapsing-after-brexit-2019-11/amp/
hows this not rocketing up with yesterdays RNS? in contrary ppl selling?