Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
They can’t forward sell, lolz…..
how about working in consort with a offshore 3rd party who shorts and you backfill the shorts on day one. As seen for the last 128m they received after driving down the placing from 4p to 2.6p.
Audit trail of trading logs will show all….. they are on the run and know it, chokey time beckons.
I think it’s been established they are old letters and communications from the SAS not the current effort.
However your question is pertinent, perhaps he has been and continues to be a useful idiot in this game, being fed tidbits by those wishing to do harm to shareholders.
I will concede it’s been successful to date. There is always an audit trail though, be interesting to see where it ends up.
Why did 2 x CEO’s resign within 2 months in Q4/23?
Can the BoD demonstrate their actions are in keeping with the best interest of the corporation and shareholders iaw the definition of CBCA which is statute law in Canada.
Why did the JVP discussion terminate suddenly after over 15 months of prior diligence?
Who terminated the JVP discussions, COPL or the potential JVP?
Did the board explore alternative financing to protect shareholder value, evidence your actions.
Do the board considered the current bonds to be unconscionable and have they done anything to remedy it? evidence your answer.
The key point is that by accepting the offer of the bond holders agent for shares directly linked to the BH they effectively accepted an inducement payment and no longer had the interests of the company as a whole for all share holders.
They from hence forth set themselves aside and ceased being independent directors of the corporation .
Imho A judge will set aside that deal and all subsequent transactions.
Got to wonder why there are plethora of recent posters that seem to have spent every hour since this announcement trying to shut down all avenues and points raised.
Not once have they alluded to actually holding or having any empathy with those suffering large loses.
You’ve got to wonder why they are here and who they are working for and to what end?
For those who think misleading the market is OK, here’s a verbatim extract from the 6th Oct RNA which explicitly states the use of the money raised. $1m of which was to increase gas injection to stimulate the field. No such increase in injection was seen on the official returns to the WOGC authority for Oct/Nov, ergo they lied. I maintain this is why production flatlined as we had spent millions in upgrading to gas system. Perhaps those with nefarious intent didn’t want see the shoots of a company about to turn the corner into profitability and less reliant on the teet of Avanio.
Ryan Gaffney, CFO said:
"The restructuring with our senior creditors and the Anavio financing provides COPL America with improved operating cash flow from today, and the Company intends to direct that to increased NGL injectant and field capex to increase production and demonstrate the potential of the Wyoming assets."
Operations Update
· The company has tied-in six wells and five high-pressure separators to the gas gathering system
· The company plans to spend over $500,000 on NGL injectant in each of October and November to increase the density of NGL's in the gas injection
· The company expects to see initial results from the higher density NGL's before the end of November 2023.
You do know publishing ‘misleading’ information by a company is a crime, or is tha ok with you as it all just a game.
Get real there are people mugged in broad daylight here of real money, stop trying to defend the scummy illegal behaviour unless it’s your job.
It’s worth adding to that it was predicated by increasing purchasing and increasing knjectant in Oct/Nov. From this they would be able to issue forward guidance based on the field response.
It is a matter of public record via the WOGC site the injectant was not increased and production flatlined, funny thing that…
They now say they are going to increase it at all.
What ever the reason for not increasing injected gases lies our current demise and apparent bleak outlook.
This was imho all engineered to ensure the company had to revisit the crooks at Avanio for further and disproportionate dilution.
Stinks…
You do seem hell bent on trying to control the narrative and have done all weekend, strange that.
Your moniker seems apt for what you’re doing though, Freudian even, I suspect you’re not here on behalf of the masses but rather here to distract.
Worth noting Avanio have form in forward selling aka short selling, they were fined 1.5M NOK last May in Norway for it. It’s obviously their modus operandi, worth mentioning it to the ASC if you haven’t already filled a complaint.
https://www.finanstilsynet.no/en/news-archive/letters/2023/decision-regarding-violation-penalty6/
Another angle not being shouted too loudly in the ASC missives so far.
Do you think the production flatlined in Nov/dec due to the lack of promised injection into the upgraded GGS. That was a key enabler to break even through Q1 2024 and beyond.
What was the reason for not raising injection rates, lack of cash despite the raises in October to fund it, was the money strategically witheld by the BH to create the artificial crash and make the SL renegade on their waivers?
Interestingly and sinisterly the latest return in Friday specifically excluded purchasing injectant.
It’s as if they wanted it to fail.
Keep reporting this needs to be overturned and criminal investigations made.
As per the title the Canadian authorities are a lot more robust than the UK FCA.
If you have real inside information on what’s going down here report it here.
https://www.asc.ca/en/Enforcement/Office-of-the-Whistleblower
If like me you are not happy then file a complaint here.
https://www.asc.ca/complain-or-report
The ASE look after shareholders better than the UK authorities and if there is a rat amongst all of this they will look for jail time for them.
Reposting this.
COPL incorporated under Canadian rules22 Dec 2023 15:16
Don’t forget this company is incorporated under the Canadian Business Corporations Act (CBCA)in Canada. Their regulators have a lot more bite than the FCA.
So one for the back pocket. If this does go down the pan and I hope it doesn’t as I have a lot in the game and refuse to consolidate loses.
Article 122 of the CBCA is absolutely clear the BoD have a duty of care to the corporation (company). They have a duty to work for best interests of the corporation (us Shareholders). They SHALL comply with the Act. Failing act within it gives them no defence/protection (expulpation) under the law if they fail to abide by it. That will apply to the Aviano plant too.
https://laws-lois.justice.gc.ca/eng/acts/c-44/section-122-20190621.html