Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
But moving up in the right direction
RNs see this multiply
I see 325K order fill today in trenches 100K's ,75k & 50k by a MM
Thanks to the sellers for lowering the sp down, won't you ever learn games are being played, as last Friday they were caught out without shares. Now they desperately wanting more shares before news so they call sell in advance to 3,4,5p plus.
Watch this spike to 4-5p on the deal with Akzonobel when the RNs is released.
The proof here is suppressed sp and hard to buy any decent amount.
Must be leak on JV news with AKZO
Let hope deal is done with its £30M valuation .....that 5 fold from current sp
This was 17p before suspension in May 2018 so re rate to 10p plus min from here
this is now a day trades paradise, buy 7p sell 7.5 etc etc all day long.
No chance of recovery until the big news arrives in the new year, and that's if it good but until then this will be traded now 6-7.5p especially if part of the cln's are taken , my gut feeling this will then drop even lower.
The only way to may any good money here is to trade it for now
Now the CLN's will need to be triggered otherwise hault everything
It was common knowledge 5p was offered for a placing
There you go, now we know why he needs the CLN funding, he knew long delays were coming and knew this amount of funding will be required to get a new rig eventually. Why try and raise £5M ? because the markets knew 5p they would be the best offer for him for a placing. So the CLN route was taken.
No doubt we see 5p today
Well sales have started again here !
Thought I never buy lower than 7.7p just as I did last time having negative dialog splatted all over twitter.
I am going to up again if it reaches magic 7.7p
Too close to positive flow rates not to be in this share.
Lets hope this time the CEO can give us some positive news, at least inform us over the weekend so we don't get a repetition of this weeks drifting sp. Just like to see sentiment return to this company and then we should be back up in no time.
So just listen to the latest pod cast on VOX, CEO sounds a little nervous to me, don't expect any news next week as he stated this would be extremely price sensitive so will wait for at least end of Nov maybe Dec !
Why can't he inform us when they hit R1 & R2 ? maybe extremely price sensitive's due to re-calculating as flow rates are no better than previously and he knows this will drift the sp.
Why state extremely price sensitive ? don't sound good to me as he also waffle nervously about the CLN.
Jonnyfro
I did say the pad required more time and the drill results for 3 & 4 won't be till end Dec or even Jan 19.
I still stand on this.
My only fear is R1 & R2 proves nothing other than little that we already know and if 3rd drill don't show positive signs they will need to remove and resight the Rig again, Hence costing more money and this is why I believe the funding as the CEO won't be able to go to the markets for a placing unless offered substantial discount.
Jonnyfro
I didn't say 'I KNOW THE FLOW RATES'........ I suggested that AAOG has been a leaky ship and the CEO stated many times he will not raise or need to until after full production. We supposed to have had all the monies from the previous 10p and recent 8p placing for all drills and production. He stated many times we will need to raise in the future once production was under way for further drills etc and these current drills will make the company cash rich and self funding.
Well if any of this is still true then ask your self these simple questions.
1. Why Raise £5M
2. Why are we seeing the SP fall when so close to flow rates being released
3. Why are we seeing so many large blocks being sold
Answer
1.Being on the ground they must have an idea to wether any substantial pockets of oil are there
I think moving the Rig has place R1 R2 a let down regarding what they think they may have, so placing funding
is required
2.Leaky ship to the possible data
3. CLn's may already be activated ahead of any share holders meeting as the majority shares are held close
Can you explain why you think the SP is drifting ? So close to the results.
Looks like all those sells leaky ship, flow rates probably nothing to sing about hence no real movement in the sp.
Suppose need to wait for 3 drill and if this does not improve then the sp will certainly drift.
I think 7-8p with R1 & R2 drill results otherwise sp should be pushing 12-15p by now
1stTee
Hope your right but my gut feeling is the sp should be at least 12-13p plus by now and we should be seeing buying coming in with news imminent ..... but I fear news leak why else sell, and there were not that many whom bought below 8.5 p
Probably leaky ship and flow rates not as expected or the same as previously.
We need 100 bopd plus otherwise markets won't like this. and sp will drift to all time lows until next drill number 3 which won't be for another month
I
Markets appear to price in the current sp with exceptions of no real increase in flow rates in reference to R1 & R2, hence why the sp is stagnant.
We should be pushing 13p-18p by now but we are still lower than before drill 12-13 p !
The markets don't buy the topside excuse other than by moving the rig maybe a better chance to find increase flow rates.
The CEO already assured us not more fund raising but the last couple of months we have seen two. One at 8 pence and now a possible £5M !!!
He could not go to the markets for a placing as they would struggle to offer him other than less the previous placing price at 8p
I think the CEO is chancing his bets here and knows the real situation hence why I believe he decided to raise a CLN in the eventually that R1 & R2 don't improve and worried the SP will fall even lower to all time low.
Ask your self what the CEO will do if the share holders meeting disapprove the CLN ?
Where do you think the SP will be on such information and no real increase in R1 & R2
This is becoming another aim carrot in your face syndrome. I don't buy it, and all the last 2 months have made me question that AAOG are really placing all their bets on the last drill.
If we had all the money for the Drill ( as he had stated so many times ) and waited for the successful results then he could raise at a much higher rate than the current sp value.
Charts poised at15p next level then 20p not long now
Even at 20p still only £32M M/C
5000 BOPD = $127M less 44% ( as they own 56% ) = $71.5 M
SP NAV 41p
Announced by CEO 90% success rate
Incredible low risk here we massive potential
At last we are starting to move forward
We are already producing small amounts here as we are drilling to uplift the flow rates.
The current adjusted M/C the city has already factored in these flow rates.
Whats needed here is the drill to commence and confirm these Two drills will bring us in 800 - 1000 barrels per day.
Then we will see sp fly back to 20p's
Not a gamble here at these prices so excellent entry with huge plus on the uptrend. FLOW RATES TBC
This can happening time from drill ....
Angola 78% wet, humid.