Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Would be very surprised if the first RNS was issued without the funds already being in the account.
The next important news is what is the plan for the next 12 months.
The Delay or timing of the sale (depending what your view is) will have had something to do with what happens next.
Which narrative is that exactly?
Substantial or not is subjective to what you or I believe substantial to be. Not a matter or being true or not. However we can both agree that he would rather his shares be worth more or something rather than less or nothing.
Therefore cant believe he is motivated to sabotage anything (which was the narrative I was referring to).
I imagine we all use this platform for information, news and opinion to try and ease fears or worries about the money invested. I do. Perhaps I am trying to remain positive until there is a reason to be negative.
If that is a narrative then so be it. Cant see how that position can be questioned.
I still think there needs to be more patience and context. Appreciate it is hard when it comes to money, but it seems to be too easy to jump to a doom and gloom position. Quite common in the world at the moment, especially when the facts are unknown or unclear and communication is poor.
The last news was the deal was verified and waiting to conclude the banking transaction. If something had fundamentally changed we would have heard by now. Any other opinion, whilst entitled, is just that.
We have no idea what is involved in such a transaction. We therefore have no idea if the time scales we have experienced are reasonable or not. Comparing it to other transactions, whilst useful, is also dangerous as we have no idea what circumstances it was completed under.
Perhaps AMC want to be in a position to confirm the RTO at a similar time to confirming the transaction
May just be buying some more time on the RTO
Or there is another buyer that has declared an interest
All more likely than a shady deal. If RY wants to drag out a wage then completing the transaction, paying divi and being left with £10million in the bank is the better option.
RY has a substantial stake in AMC.
The sale price does not make him a billionaire.
However it is still worth considerably more to him than sabotage or continuing to take a salary.
It is more likely that RY is working towards concluding this transaction and also plotting the next steps on a RTO
To get a deal done in this climate is difficult and will require patience.