Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
All being well you won't be waiting long to break even.
Normally when we have good news about TRX, the SP drops, and many people sell, and that tends to happen straightaway. So far that hasn't happened today, which is unusual, so I'm wondering if that's a sign of confidence?
I really hope I'm not tempting fate btw!
Big trade just after 9 this morning. Here's hoping it's a buy - preferably from someone on the inside :-)
Excellent news.
For interest, I've copied and pasted the comments below from the other BB as I think it's a good reminder of just how good a product it is:
These Xenografts represent the future for many ACL treatments.
We have some patients who have had these for seven years.
They sidestep the shortage of human donor material.
Off the shelf, ambient based resources reduce theatre time.
Using a xenograft saves a second [self donor - autograft] operation, reducing costs and infection risk, leading to faster rehabilitation.'
GLALTH
Pokerchips - that wasn't the point I was making, but I'll leave it at that.
And don't forget, those who paid 30p a share a number of years ago, thought that was a bargain price too
Pokerchips - I think a consolidation would certainly make a TRX a more attractive investment. 0.6 isn't tangible currency, whereas 6p sounds much better. The downside is that the amount of shares you have decreases, but in the long term, I think that would pay off
Smorrisjones - Would this equate to a share price of roughly 4p? Numbers have never been my strong point lol.
I also think it will be bought out at some point, and I would like to see the price rise as independently as possible. That would mean a fine balancing act of TRX being above the radar just enough to attract as much business as possible, but staying just below it to avoid being swallowed up.
GLALTH
I'm in it for the long term - but not that long lol.
Would be great if it got back to it's highest price, some people bought in at around 30p, but I just don't see that happening sadly.
Mafuta - I'm also in it for the long haul. I'm not sure it will ever get as high as 10p, but I'm far from being any sort of expert. I also I vested in Sirius Minerals, so even more reason for my opinion to be taken lightly!
Pokerchips - I think the rumour is 2025, but I can't remember where I read that even though it was only yesterday
Mafuta - Do you mean 1.0p or actually 10?
I haven't even considered a selling price yet. Whether or not that's wise remains to be seen!
That would be my preference too. I honestly can't see them doing another fundraise. There's too many shares already following the last one
I agree. I want the SP to rise as much and as independent of other companies as possible.
Wall Street website predicts good things, but I don't subscribe so can't see all the content, and I don't know how reputable they are either. Their only real criticism is the size of the mcap, but I think we can all agree with them on that one.
Interesting read Divvyup.
Even an mcap of 90m would still be more than double what it is now :-)
I'm certainly looking forward to the next trading date. Without wanting to tempt fate, I'm expecting good news. As always with TRX, I also expect those who wanted to make a quick profit to sell off the back of any good news, but I also believe those people are getting smaller by the number, and an increasing number of holders are in it for the long haul.
I must admit, I was quite intrigued by the number of posts on this BB (and the other), which spoke about the likelihood of a takeover. This is something which we've all considered at some point, but the idea really seemed to have gained momentum, and I wasn't really sure why. Haven't seen many comments like that recently, but maybe it's because it's early January and we've all been distracted by a positive start to the year.
Thanks Stu
Stu - they certainly are playing catchup. My mum is due to have a hip replacement next month. She was seen in November and the NHS are paying for her to have it done privately.
Fingers crossed it isn't cancelled or delayed for whatever reason, but when she heard the consultant say '3' she automatically thought 'years' would be his next word.
If only TRX could have the same success as Avacta. Now would be something!
Covgaz - Totally agree with you about the usual resistance price. I think we've all been frustrated by it, so fingers crossed it will break through once and for all.
People must be buying with their Christmas spends!