Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
The short increase was on the 29th June, as such, looking at previous shorting periods there is a rapid immediate closing of the shorts. now the price was dipped on all the bad news being released at once, and looking at the floor that is formed we would expect the shorts to all close now, and this will cause the price to jump back to the 60s based on the volume.
The assets the company are sat make this very undervalued, i suspect that there will be a takeover target now the price has crashed so low.
Could see a takeover offer coming in while the price is down here, the company are sat on a lot of profitable property.
Looking at the short positions, they close very fast on this share once the bad news is out.
they will be working behind the scene today to buys the shares without triggering a rise.
as such, once they start transferring shares the share price will jump up.
great buy and hold to make some fast easy profit
MM's holding this down all day despite some great buys.
With the 1.5% short position imagine their was working being done to help out their mates.
Looking at the volumes they cleaned up anything free, and will sell to their mates after/before trading, so expect this pop back up again soon.
Once the mm have finished holding this down to fil their pockets this will jump back up to the 60's!
416,000 bought by Alan Giddins (Non-Executive Director and Chair)
Its hilarious how this is being held down, why would any sell now?!?!?!?
sound pop upwards the end of the day when the traders start transferring the shares to the shorts and their mates.
Shorts closing - they have 1.51% shares (3.8m shares) to buy today, and 6,845,301 already bought!
Laughable drop this morning, the shorts would have been waiting and gave the push, and now buying to clear their positions. Thee was 2 buys of circa 250k shares this morning and they were selling to keep the price pinned down.
give this a couple of hours and could easy jump back to 60's.
It was an oversell due to a lot of negative press all at once.
his price is a bargain, the company holds £35m in cash, with an expect profit of £20.
looking at historic, the MCAP should be in the region of the 90's!
Massive oversell, this should be in the 70's region based on their revenue/profit and cash holding
Floor reached, looks like past the bad times and great profit to be made from here.
Solid business that was affected by macros.
Looking towards xmas period this will ramp up with festive sales.
Anther day of big pressure building, lots of desperate people trying to buy under 400, however looks like any big buys and this will rocket way passed the 400 fast! ! ! !
Dont worry guys, i will be a bull market for 10 years, sell up, get out the way, come back 2 years later and buy up everything on the cheap and retire.
Oh, this is still true, we have 10 years from now before the trouble really starts.
Its gonna be a massive bull market till then!
3000 will eventually based on the new direction of the company and becoming profit generating.
Spend £10k now at £3.6 a share, and get 2777 shares and sell at £30 for £83,310!
Everyone asks for golden opportunities and then fail to hold tight, learn patience!
Did someone say Karl!
Yeah, massive opportunity here, look at other retailers reporting better than expected results!
Get ready for a massive re-rate on this back to the 800 regions fast.
And when the good results out then looking at a move towards the 1200 region!
Yes, these are realistic price targets based on the revenue, profit, and market opportunity!
Massive day, consolidated the price and shook out all the weak hands and sellers.
this is gearing up for another run to buy before it gets to 400, good news coming out of retail stocks settle for a rerate on this now
Sells getting tight, only small autos now, and lots of big manual buys, can see alot wanting to getting in before this crossed 4 's