Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
http://www.greenpeace.org.uk/newsdesk/energy/news/back-black-how-germany-poland-and-swedish-state-owned-firm-are-turning-towards-brown-coal http://www.dw.de/lignite-still-germanys-primary-energy-source/a-16854175 Ok, from the above articles lignite or soft brown coal is becoming increasingly more profitable. Although damaging for the environment it is still heavily used in Germany for instance and plans to continue to 2050. I also read articles about 90 million being invested by Australia government building plants for research. http://www.sourcewatch.org/index.php/Advanced_Lignite_Demonstration_Program So if Spitfire are sat on a huge brown coal site in Australia maybe it is now viable to go into a JV to develop the licence area. Anyone find any research on rumours of a JV?
Just wondering why the sudden interest here? I mean from looking at the company accounts they have had $8 million oz dollars since June 2011 in cash on their books. This money has slowly dropped to $7million oz dollars at current projected cash burn June 2014. During this period the share price has always been around this level 6-7p. So people saying its a screaming buy at the moment well you can argue it has been a screaming buy for the past 3 years then....... Am I missing some obvious potential news flow here? If anyone can point it out to me I would appreciate it. I'm just trying make an informed decision to invest or not? Cheers.
Go on, own up to it, who just spent £64.55.
now they showing
and up 7.34% but nothing shown on here. Must be because I'm a free customer.
Why is google showing up and buys going through and nothing on this LSE board?
If you were that good you wouldn't be here. We are all equal. And apparently we have both put money into this company. However, if this does go to 10p, you can call me whatever you want, you will have my blessing. Good luck
Sorry I'm still a bit of an amateur. Thanks for replying to my post though, it all helps with my learning.
Well I guess it depends on the majority of the voters. If its ii investors then they will want it lower. Only Pi's willw ant it higher.
Whats the news you got? I really want there to be good news as soon as possible, however, hyperthetically speaking, regarding the placing, wouldnt they want the SP to be as low as possible rather than spiking up before the AGM? Would this not be logical?
I dont belive that he is deramping. We can all understand it can get frustrating at times watching your share, low volume etc.... Its a patience game and not many people have it. When you log into these message boards its the only outlet and so when there is no chit chat it can probably feel to some people that nobody is in this share except themselves. What derampers do is bring out some of the long term well researched posters which is good for everyone. But if you want to filter people then that's your choice. Look I would rather have a busy board with ramblings on than no chat at all. The conversation has to start somewhere.
Its basically a game of trying to call the bottom.
I agree. General meeting March 28th (2 weeks away). If I was a large institutional investor, I would want some reason why I would invest in this (current dog with flees) company. The management have to provide reason, justification to their demands a reason to invest going forward. So which leaves it down to this, we have 2 weeks between now and General meeting, probably the Institutional investors will want the lowest SP possible. So this may be walked down further, how far I don't know.
Is the 52 week low, it will probably test this I reckon.
Try doing a dummy sell of your shares, nobody wants them they will go to negotiated trade. Not a good sign.
They have huge debt. Share dilution coming soon. BOD wanting more money plus shares themselves and overall not doing a good job.
to make the maths easier
Please read below taken from the RNS - the approval of an Employee Share Plan; - the approval of the issue of shares to Directors, at deemed issue price of 10c (being an 82% premium to the closing share price on 28 February 2013), in lieu of cash salaries that were deferred in 2012 OK, so lets say a driector was owed £100k Salary. You are telling me that they will excahnge this for shares at twice the current market SP, so in effect only receive 50k worth of their salary? So the SP will have to double before they get their 100k worth of shares? Is this what you are saying?
into motion. http://www.miningmx.com/page/news/markets/1541294-Govt-to-put-R53bn-coal-rail-line-into-motion#.UTyrkVcvnJM This is a very nice article issued 3 days ago about the development of the railway infrastructure and Port at Durban in South Africa. This is smack bang in the area where COOL currently operate and future development projects are based. This infrastructure will redcue costs significantly to export Coal out of Durban Port. Instead of trucking coal everywhere we can put it on a train instead, quicker, more efficient, economies of scale, cheaper all round which equates to higher profit margins!