Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
I was being somewhat flippant with my lol comment. I understand the pretext of additional listings. As the history of this company shows, there have been plenty of incantations and I am sure there will be more in future.
Whether any non-employee shareholder ever sees a return on any investment in any current or future listing, is an opinion that we will no doubt have to disagree on.
To your point about AA: Yes I am, although I am not sure whether it was JAY who decided to go with Kobold ahead of AA. I remember lots of confidence and excitement over Rio and Dundas. And shareholders were led to believe that was a shovel-ready project, in case anyone here has forgotten. The track record of this company speaks for itself.
Furthermore, AA's willingness to pay those licence fees does not really signify much. These big boys have deep pockets and to them such things are pocket change. If having such names on board or in partnership offered anything solid, then CHF and presumably HZM would look somewhat different. There are plenty of other examples over the years, too.
Not suggesting that traders might not be able to make profits in any of these names, including JAY at one point or another, but you have made clear that you are fundamentally an investor here, Ashton and so I approach our discussions from this viewpoint, not greater fool theory trading probabilities.
FWIW, I am not a shorter, nor looking to get back in here cheaper than the current price etc. GLA.
If KoBold are going to drill Disko this year, it will need to be announced, and work commenced, PDQ. Mid April already, tick tock.
If Kobold does not, then why would anyone else look to partner up here? If it is that good a prospect, then why would K take the risk of losing it?
Point 3: Similar to point one really, although less excuse if they are not relying on a third party to do the actual work.
Point 4: Will JAY actually succeed in getting anything for any of them? I voiced my doubts on this a few months ago I think it was, when some of you were putting forward your own various calculations. Sure, it takes time to negotiate stuff, but based on the track record of the BOD here...where is the evidence that they have pulled off some terrific asset sales beforehand?
Point 6: Why the need to keep opening new listings all over the place? Just use the current one, lol.
Point 7 is the easiest one to answer. Barring something unforeseen, like a miracle perhaps, involving some of the above happening to deliver some serious upside, then it will continue to involve heavily discounted placings, before perhaps one final death spiral finance deal, when no more retail money can be squeezed, and then pop.
At some point, the words of these directors need to actually lead to some solid outcomes. This is hardly a young company, for goodness sake. GLA.
The difference being, the quality outfits and the rubbish/dodgy ones, pretty much all exploded to the upside before the crash.
Then the strong ones like Microsoft and Amazon did what they did. A few others managed to survive, but never got back to being close to their pre-dot com highs. And many went pop of course.
I am amazed at your continued enthusiasm here, Ashton. It is against all logic and weight of evidence that suggests your faith is entirely misplaced.
Q1 has come and gone and no update on the asset sales, Disko drilling plans (or anything), cash runway etc...but they once again managed to find the time to award themselves another chunk of the company, should those strike prices hit.
Some of you may be seduced by the strike prices involved in this latest round of awards, but I would suggest caution.
They often do not get met. Unlike the generous salaries, then further discounted raises and a new round of options. Have a look at some of the historic RNS's to this end. Not even that long ago remember!
Yes, very sad news. Not sure if this has already been somewhat priced in though, but will watch the SP action in a few stocks (including this one) in early trading and take a view then.
Might get 112p if there is a market sell off on Monday. GLA.
I am ready to take a few more around 115p, if we see it on no company-specific news.
And will then be able to remind you all of my smart comment back in late March, where I said we would retest the 50 DMA.
Naturally, if it does not happen, this comment and that earlier one will self-destruct... :)
I remember people saying exactly the same thing when JK first became a TR-1, and then again when he further added to become the largest shareholder here.
Since allowed his position to be diluted, rather than participate in this latest raise, of course, and not the only one so far either.
But you raise a good point. It seems that, on the rare occasions when such outfits actually and finally look like they may be about to be worth something, rather than basically nothing...they will screw their smaller shareholders anyway.
Three-card monte feels like less of a hustle :)
Not one of the banks spoofing the price again one would hope :)
No opinion on SOFI, but what is your time-frame on the rest that you have highlighted here?
The first two are already grossly overvalued right now, but at least they are high quality outfits, not facing a likely capital raise, which the third one feasibly might be.
Worried that you have ITV on your list now! Hopefully you have called that one good, but reckon we are looking at 60's here now :)
Good weekend all.
And the VIX looks like a coiled spring on various short and longer terms charts too.
Must remember it is an election year though, so no stone will be left unturned in trying to keep the markets from collapsing prior to then.
Ready with dry powder should these sell off with the rest in such an event.
Satisfactory update. Token inside buy the other day. Would like to see some more meaty purchases in the next few days quite frankly, but regardless, happy hold at the time of print for me. Especially after the mid 50's purchase I made recently.
Nice when your timing is good (and in my case, often quite rare!) GLA.
Bonker: OK, that is even more than me :)
Pokerchips: I have tried to explain/demonstrate that the whole thing is one massive ponzi scheme to a wide range of friends and family over the years. Generally steered clear of the topic with business contacts and the like, for obvious reasons.
I first became generally aware of this state of affairs back when I was a kid, having read something about it in a newspaper in the mid 1990's I think.
It was not called a ponzi scheme in the article, but it was a light bulb moment for me anyway.
Needless to say, apart from those of a similar or younger age to me, most seem to think I am either trying to see them have their pension 'stolen' from them by a future government, or that I think they do not deserve their (usually final salary, gold plated) pension, which they worked hard for etc :)
At least they have not accused me of bitterness, as many of them think of my generation, due to having been reasonably successful in business from a young age. Also not being a fan of avocado on toast has probably helped my cause :)
Pokerchips: At least your American friends have a certain amendment that might help protect them against any acts of tyranny....
Pokerchips and bonker: valid points and ones that I have pondered as well.
I got berated over on the MKA chat board over a year ago now I think it was, for suggesting stagflation was on its way. I still think that thesis is strong. If anything, getting stronger, IMO.
I think to a degree PM prices, and to an even greater degree, oil prices, in the short term (not long term - already mentioned my long term opinions ad nauseam) are being influenced by the geopolitical stuff more than anything.
Which would give one possible explanation for the unusual lack of current inverse correlation between the high oil price, rising USD (still cleanest shirt etc) and ATH gold and fairly high silver prices.
Having seen a few false dawns (especially silver prices), I am trying to hedge somewhat better this time than the last PM run. So would you, if your p/f had such a high percentage in PM mining stocks :)
At the risk of tempting fate, the chart looks lovely here.
Nevertheless, trimmed a few in case we get a retest of the 50 DMA.
Holding a few, in case we push on towards the 200 without pausing for breath. GLA.
The thing is, the DXY chart looks like it is going to break to the upside (IMO) which is usually bad for stocks and PM prices. Factor in the sustained high oil price at the time of print too, and that is why I have been trimming, rather than adding, to my miner positions.
Would really like this one to run a bit longer though. 8 quid or so would be lovely. Then I can reposition more sensibly here.
Certainly a buyer again if we get a big pull back in silver prices, should this scenario play out. Opinion unchanged with a long term horizon. GLA.
Yep. Silver (and other commodity prices) are not really going up. It is the value of the toilet paper currencies that is going down.