Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Yeah, the bid is 6.1c and when the spread is that wide then you should take price movements with a pinch of salt. Note that if they sold their 1000 shares at the offer price it would cost them €16.8.
Maybe the fockers could pay the money so an Irish operation could get going.....
This share is so primed for manipulation it's frightening. If the funds land 20p is not beyond the bounds of reason but if the funds don't arrive then 2p beckons. I see 3 trades at 6p (3, 3 and 5 shares traded) which frankly must be somebody trying to do something other than trades shares..... I expect many false dawns and pumpers suggesting things have happened - my rule is, unless there is an RNS then it's probably a ruse....
Lying might be too strong since he does not actually know that the money won't arrive. However, it is misleading to suggest as he does that it will likely arrive before the end of September or as the fund raise suggests, that they expect it to arrive before the end of February at the latest - the reality is that neither he, PP or NOMAD or anyone else has a clue when or if that money might come through. It should have been delivered last year. It is bit rich to hear him say that we didn't need the funds before approval was given - let everyone stick to the contract - the funding was not conditional on approval. He's very 'misleading'....
I was thinking about the situation we are in. ToR can't have any idea when or if the money will arrive. If there was a logical explanation for the delay then it would have been communicated. This has been dragging on for almost a year now and for 3 months since the assurances and 'proofs' of the funds transfer were given, each extension to the transfer time working with a 7 day extension (i.e. with no knowledge that the funds would not arrive - therefore no knowledge at all). The situation has not changed one iota. Even if the money would arrive there can be no confidence that the funds will arrive before the end of September or before the end of February or before June or whenever. The logical conclusion is ToR is simply lying to shareholders again.
And the share price falls. Says it all really.
Battle, if we had the funds then this would be good for the sp. We're not in a position to benefit from anything. If it drives up the price of oil for a while then Apec might be able to raise the funds....
The report is a lot more nuanced in the independent https://www.independent.ie/business/irish/providence-chief-says-board-must-decide-his-future-38493306.html
I wouldn't bank on ToR leaving early no matter what, no one will touch him if this goes south. Interesting what he says about APEC asking him not to go ahead. Cost of fund raise is high but it's always like that. There will be 2.5m left for normal business dealings.
Yeah, tirnanog, HSBC are shorting the crap out of it because they really need to make 10 or 20 million and if it means they have to break the law etc. Fock it, they'd do it. Seriously, don't be daft there are better theories out there. Imagine if APEC were behind the fund raise for instance.....
The Newgrange license has been relinquished.
What a focking joke this company is. ToR is inept there's no way he'll get that share placing away.
No money coming from apec
What time is kick off in Dublin?
Someone on adfvn wondering if Christopher Kirwan from Apec might turn up tomorrow. I can see his LinkedIn profile is up to date and there is absolutely no mention or reference to APEC....
I'd be surprised if we don't get some news tomorrow on a forward looking plan.
Please post your views impressions of the day, we'll all be grateful for your views....
So they ran the company for 9 months at an annual run rate of €5.43m so that's about €4m then they ponied up cash for the site survey including latterly the mobilisation fee etc. (I reckon about €3m) so that's the cash. I mean there is zero chance of the APEC cash showing up but if it did, the first €3m would be diverted to PVR's running costs and the redundancies etc. and we'd be fine through the drill etc.
It may be that they are already asking government to reallocate license shares
I don't know why you're being so negative, The new approach should halve the number of RNSs...
This is not good. Could be an admin **** up (ToR fumbling with the fax machine) but if not there should be ominous music playing...
Similar volumes to London. I wonder does someone know what ToR has planned for us tomorrow or Thursday?
Hi BillCn - I think you are right to focus on things that are relevant for the future and let the past go (no matter how bitter it is - I'd seriously like to know how he justifies not telling shareholders that the funds had not arrived for 6 months. I'd like to know who APEC's funders are now and when they learnt that there was a change?). I also agree that the number 1 issue is (as most of us believe, no money is or will be coming from China) how will the deal be unwound and do we expect litigation? I would ask what measures they considering for a long term solution to the problem - will they seek to go it alone (unlikely) is there any chance of any other interest from industry or would they consider a sale of the company? I would ask if BROE is not the asset they make it out to be - why has APEC's funder walked away and why is it so plagued with disinterest? If he had $20m would he have a go at BROE or Newgrange? WHy did he do druid/drombeg first? I'd also call him out if he starts bollic-talking and passing blame to the department and an taisce - the problem here is that he did another deal with focking cowboys....