Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Good luck, Newboy41 - decent profit for the time frame.
Good luck elsewhere.
You asked why JeremyP was spamming drivel on the BB.
I was basically saying that which you asked is an eternal (never answered) question, in a place where the spamming of drivel is a constant.
The 64 million dollar question, on the LSE BB!
"Funny how the update was so short. If there was plenty to shout about we would have a lot more to write about"
I don't think this applies, given that H1 results are released in April. At which point, yes, the cash position, the debt and how they plan to reduce it (I think net debt is actually around £300m) and other important matters will no doubt be laid out in detail. ASC has a history of detailed RNS.
And finally, every dog has its day...
ASOS has had plenty of dog-days and seems to be setting itself up nicely for another run around the park.
To be fair, if they get taken out this year for £3, I’d be very pleased. But I definitely think £5 is achievable, long-term. I felt this way before the PH note. We’re only down here because a bunch of numpties don’t know how to value the company and another numpty doesn’t seem to want to show them how. The latter isn’t really a numpty - he just behaves like one sometimes.
5 years. £5 target.
Auction into close is my bet.
Quite the day it's been.
We've waited a while.
Looks very strong yes.
Might rally for a few day - possibly into results.
And that's not because I profess to know more than they do, it's just I don't think they know very much more than the rest of us.
I'd pay about as much attention to so called market analysts as I would short sellers. Just different sides of the same coin.
That's the simple moving day average, but 380p seems to be putting a halt to proceedings at the moment. Might take a couple of runs at it.
Agree with some of your points Simon. I see this as a marathon rather than a sprint. Although, I would be happy to see it leap over the finish line with a decent take out offer.
Re the CEO, positive spin is his job - as long as it's based on fact and in this case it is.
Speaking of bears, it will be interesting to hear/read Simon's take on today's update. I'm sure there's some glaring problems the rest of us haven't yet identified.
Bears are very welcome on this arc, Al4x.
I would be amazed if we don't bob above 400p at some point this week.
Anyway, signing off now.
Congratulations to those that keep the faith.
The simple 200mda is at 387, a close above this and we're off to the races - a fairly big if however - but certainly not beyond the realms of possibility looking at how frothy things are currently.
£7 close.
The market priced in a dreadful read out, so 'OK' (I actually think it's better than OK, given the precarious position the company has been in, in recent months and the state of the macros) can perhaps be read as 'good'.
Nonetheless, April is where a full and proper determination can be made. Be nice if the price rises into it. Might get picked up by some tracker funds if there are some reasonable broker notes too.
Yes - they report, again in around a month. That's when the detail turns up.
Good point. Now would be a really good time for the management to stick their hands in their pockets.