Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Sub 20 if there rumours start of a debt for equity swap. I dont want to be the one that starts a rumour, but its inevitable that those rumours will start at some point. Debt amount is huge (and just got bigger).
I think businesses in hospitality / travel / leisure sectors who have "taken their medicine" (i.e. raised more cash than they require) are decent bets ... some have not raised more than required (Cine a great example, IAG is another), and others have built up arguably a lot of liquidity and done their restructuring (for me, examples include Tui, Easyjet, Rolls Royce, Carnival). The latter it feels like the bad news is out of the way. The former is risky in case something goes wrong with operations (like it did for Cine today). Just my two cents.
Cine's existing lenders will not start to pressure ... by the way, i dont think capital raise is necessarily a bad thing for share price
There are two options here:
1. Rapid fundraise - raise ~$1bn and get the business on better footing. Given the VERY depressed share price currently (we were trading at 80 pence two weeks ago), I think Cine can raise at about 35 pence per share today. Yes, dilution ... but i think share price could rocket thereafter;
2. Delay and see what happens - court case could drag for months if not years ... in the meantime, we hope trading picks up, we chip away at debt, and we hope we can do a small fundraise (~$200mn) in ~3 months time, along with some leniency on payment terms to Cineplex ... possibly also a reduced fine in due course.
I think the latter will happen. We'll see a $200mn fundraise in January - and the share price will recover dramatically in my view.
Today might be different ... looking for a bounce in the US ... 50 cents ... what a bargain. Lots of people will make a lot of money riding this back up to 1 quid.
Yes - ultra harsh and conservative.
I think we've bottomed here ... US markets set for a rebound ... could end 51 cents or possibly 53 cents .. let's go
just set your sell price at 65 pence, not £1 if IG is difficult ... and then keep adjusting it upwards as the share price rises.
I see a spike up to 4.60 to 4.80 on monday ... then perhaps some retrace. No today my friend. There is too much uncertainty, and it will take some days for facts to come through. NCT = the safest place to be over this particular weekend in my view.
Good entry point here with all the doom and gloom
By Xmas? 100p much sooner in my view.
Yes of course ... BTC could shoot up ... the interesting part to me is the next 3-6 weeks in ARB ... they're adding another ~0.4PH ... bringing us to 1.7 (from ~1.1 a couple of months ago) ... so significant amount of additional capacity ... IT'S HAPPENING