Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Sorry, I thought you meant today. Probably just some profit taking. The next few days will be illuminating on the short front, although you would hope that PFC have something definitive before the end of the week, more importantly.
Will be unpleasant if not, going into the weekend and all the rumour mill stuff.
Are they? Not seeing evidence of that on shorttracker. Have another look tomorrow after they have updated the list, although for smaller shorts, no idea. Some might have reduced to take profits, but I would be surprised if there is a material reduction of positions right now.
If they announce a raise, alongside plans to take it private, then you could add it to a bunch of other outfits that have recently seen fit to essentially screw their small shareholders, and which should be the subject of journalistic investigations right now, IMO.
To be clear, not saying that this is going to happen here, but equally those recent updates do not 'feel' right. Might be something. Might just as easily be nothing. Anyway, GLA.
OSW: From a safer risk management perspective, that would be the way to go.
You might sacrifice some of the upside of course, but goodness me, unless you have a laser clear idea of the potential downside right now (I do not, but I have a rough idea) then adding now is a straight up punt, make no mistake.
Which is fine of course, as long as you do so with eyes wide open etc.
Alternatively, those posters suggesting this type of comment is made by someone who is trying to steal your shares (lol) - well, your call, just own whatever decision you make.
I would be absolutely amazed if they got a raise away at a premium to the price today. Even more so if an offer were to come at multiples of 20p soon, for example. Or a D4E deal that was not materially lower than the current range.
But of course, if this is wrong, then my sell earlier today will turn out to have been a mistake.
In my strong opinion, the odds are firmly in favour of being right about this, but hey, I am wrong lots of times. Maybe this will be another one. GLA.
My PAAS sale and Barrick side pot sale are not looking too daft now, although did not catch the top in either, sadly.
Same for my FRES trim actually.
Torn between wanting to see more of a pull back in spot prices, to reload all of these names, and not wanting to have the chance, especially in FRES! Ah well, what will be, will be. Powell speaking later I think. GLA.
I had a small position here from a while ago, which I took the loss on today.
I am surprised that the SP has not dropped even lower and faster, after these recent updates.
I had planned to stick with it, but either the BOD are trying to frighten people out with what I see as some puzzling updates (something that I would not wish to be a part of, however indirectly), or perhaps this is just a lack of retail accepting the reality of the updates and thus further severe falls in the SP are imminent sooner or later.
A take out, even at the current price, seems extremely far fetched IMO, but of course time will tell and I could be wrong.
A shame, as I had liked the potential recovery story here. Had a few profitable trades along the way, and should have kept it that way, rather than leaving a few in the pot as an investment. Hey ho. GLA and I hope it comes good for those of you who are on the other side of the trade.
Ah, John Meyer. A voice perfectly suited to TMS. Working in tandem with Aggers might confuse the listeners though.
As for his stock picks: listen to 'mining sector stock tips for 2020' (SP Angel 27 Dec 2019).
One of several reassuring commentaries on Bluejay, all of which, at the time of print, have been an absolute disaster for anyone who put money here.
Would be interesting to know if he remains bullish still on this one (and on BMN for that matter, which was also one of the gems he picked in the video as cited above).
That certainly is a splendid phrase, although I reckon that you would do well to get yourself a tin foil hat here...find someone to swap for your rose tinted glasses if you can....and put that saved money into a stock worthy of investment :)
Gallows joking aside - good luck to you and your fellow longs. If a miracle happens, at least I might be able to take a smaller loss on my rump holding left here.
Mainly people/traders exiting before the update IMO.
I would have trimmed if we had seen 84p or so myself before Friday for similar reasons, although fairly relaxed at the time of print and will take a view after the update (assuming no spike before then). GLA.
All things considered, including the cash position, would further acquisitions be welcome though, Ashton?
IMO, you would be better off selling the non-Disko assets, as the BOD have said they would back in December, if memory serves correct, and then, should these sales result in a strong cash balance, new acquisitions might then be more logical, to my mind anyway. Especially in a challenging lending climate such as this one.
The risk of biting off more than one can chew comes to mind here too.
But look, you seem to remain bullish and good luck to you and fellow holders.
Thank you for sharing your detailed thoughts, xx, but unless Stal come up with the cash in full and assurances that the prior agreement will also be honoured in the event of further successful progress, then all the other stuff, including Chronos, is simply noise, IMO.
If anything, this recent stuff underpins the theory that this is a fully fledged lifestyle company and nothing more.
The tiny inside buys - when we have not even seen any large inside buys in the past either - and at a 1p price no less - is a joke. Sorry, but I just do not buy it. And nor does the market, by and large, it seems.
If Chronos really was worth many multiples of what they paid for it right now, then why would the directors not have loaded up? It would be an absolute no-brainer to do so, surely?!
Take into consideration their longer term track record here as well, the Juv debacle, a number of other questionable statements made here and there in interviews over the past couple of years (and more)...well, IMO there are far better punts out there right now, let alone investments, which this one cannot in any credible sense be called. GLA nevertheless.
What to say? This company remains a real head-scratcher.
At least holders have an update on Dundas I guess, although this looks like a lot of road still ahead before any kind of destination, to my mind. No progress on selling this, or any of the other assets, one can only presume.
It will be interesting to see what the market makes of this and whether they interpret it differently to current or former holders that feel mistrust or at least cynicism, based on our experiences in this name.
It will be interesting reading the differing opinions today. GLA.
I think for the likes of the majors, they (with the support of their shareholders) position themselves to be ready to move quickly when the opportunity presents itself.
It is in that sense, an affordable numbers game for them. Not to mention the quiet benefits of building and retaining governmental contacts/networks, which neither they, nor I suspect, government officials in the various jurisdictions, deem a waste of time.
They plan in the decades ahead, and have the financial means to do so. Unlike the pre-revenue explorers.
If Kobold go ahead and drill, then fair enough about it not necessarily mattering who walked away from who back then.
My interest in JAY is not intense. As a former fairly long term shareholder, which I have been fully transparent about before, I guess I just want to urge caution to potentially new or even existing shareholders about this outfit, who, for whatever reason, may have overlooked the massive number of red flags here.
And provide some counter balance to the bullish comments which generally outnumber the bearish comments I think.
But I will leave it there now and await news on Disko or the asset sales.
I hope that you and your fellow holders at least keep chasing the BOD for clear and specific updates on this (and the cash runway IMO). It is your company, after all and they are meant to work for you. GLA.
Totally forgot we have an update on Friday. IMO one can pretty much ignore TA in that case. Just going to sit on my hands and wait now, rather than buy more sub 80p if the opportunity arises again, for this reason. GLA.
So, if this basically means a CVA, then how can the alternative realistically be any worse, as far as ordinary shareholders go?
And another one of those media speculation RNS's. The SP was not acting in a fashion that suggested a need for any comment at this stage IMO. Just get something done and stop messing about, is what I imagine most shareholders want now. Dreadful stuff.
Had a 77p buy order but it did not hit. Nevertheless, cautiously optimistic at the SP action since the opening.
We could do with finishing the day above 82p though IMO, or it is possible that we are going into a new, lower trading range for a bit, where that 80p ish level might start acting as resistance rather than support. Not that I am concerned at the time of print, but from the perspective of the trading tranche, I would like to be able to take profits on it sooner rather than later of course :) GLA.