Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Chew on this one, -the total amount was US$6mil - and try to explain the following;
"Pledging of shares by CEO as third-party guarantor
The Chief Executive Officer & President of the Company, Mr. Andrea Cattaneo, has agreed to act as a third-party guarantor in support of the Company, in connection with the Facility. On March 16, 2022, Mr. Cattaneo pledged a total of 11,228,022 common shares in the capital of the Company, in which he has a direct beneficial interest."
He's most likely in Italy, and as Russian products are sanctioned in Europe, he needs cash to fly his beluga caviar in, via China :-)) (joke)
PS I will be very happy if he delivers on his "potential-near-term"
Could be anything. The phrase "potential near-term" is so old now that it does not even raise an eyebrow.
Just a fact, nothing to even discuss until he delivers on something.
https://live.euronext.com/en/product/equities/CA98936C1068-MERK#CompanyPressRelease-9306128
Lets see if we can get established a 2P value. As oil climb, the 2P value will also rise.
With the trade-floor people on the other side of the pond having do deal with a president who seems to be too confused to distinguish between inflation and invasion, this could be a joyful ride.
Kind of a feeling that we are seeing a chain of events here:
Cattaneos share purchase
Postponed minister meeting
Tweet of Cattaneo being in Congo this week
Minister meeting yesterday not published (Minister of Communication and Media use to send out a Tweet after these meetings that he is preparing minutes for the media, and publish later in the evening)
?
I'm almost willing to bet a whole penny that it was the postponement of the ministerial meeting that put him on track, because the meetings are announced on Twitter just before they take place.
Radio silence from the HQ
Rumors of AC heading to Brazzaville (From a source who earlier has been very accurate)
AND a postponed Council of Ministers
AND, the meeting of the Cabinet Council initially scheduled for Friday February 11, at 10 a.m., has been postponed to Monday February 14.
https://twitter.com/MinistereComCG/status/1492049642674077718
CEO of Zenith Energy Mr Andrea Cattaneo expected to present himself in Congo next week for scheduled discussions with ministers
https://twitter.com/Jollofoil/status/1492111073159299074
@Florida
Did you mean SMP (Société de Maintenance Pétrolière) and the $3,1 mill?
https://www.lse.co.uk/rns/ZEN/update-on-legal-claim-against-smp-jratqehsnglusc7.html
Do you have a link to the February court hearings?
As ZEN holds 100% of Bilbane & Robbana, one should assume that they do have a unit and a COO responsible for operations? AC do a tremendesly good job, but does he not have a kind of COO backup that gets the dirty work going? To me it seems that someone throws all the work to and expect AC to do everything.
What you Florida points to, are sole administrative tasks.
What I want to se is some operational related progress.
IF
Tunisia (Robbana) is postponed: "Drilling activities are scheduled to commence in June 2022"
Nigeria: In 'lock-down' due to ADME - Barracuda and Interim Injunction - until March 1.
Congo: The idea of waiting for the 'Energy Summit June 2022'
That seems to be a lot of void
Insight very much appreciated here, and AGEOS, it seems like you have plenty to contribute with. Very much welcomed
ZEN has not drilled an inch since they landed in Tunisia
This does not only apply to obtaining transformative licenses, but to the highest degree also to developing and responding to the licenses that the company currently holds. If the company can also react and quickly solve problems that arise in producing wells, as well as analyze and drill more wells in the fields that Zen already holds. This they have struggled with before, ex AZ
From the 24.1 RNS it is tempting to draw the conclusion that they are reviewing multiple assets in Congo:
"At the same time, Zenith is at advanced stage in reviewing several opportunities to enrich our portfolio in Tunisia and Italy, as well as in the Congo"
However, the review stage has lasted for a very long time now, and still we are in a 'potential' limbo.
I suspect you hit something there, one way or another.....AGEOS
I hope that will be seen as an incentive to close some transformational deal, rather than a sleeping pillow to lower the price and go on as nothing has happen.
February 24, 170 million warrants priced at 1,7P and 2,2P (50/50) goes up in smoke unless something happens before that.