Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
MEM if the 100000 sells are the placing shares, then the closer to 10.5p the SP gets the less likely we are to see those sells.
I don't like placings for this very reason, as I don't like large institutional investors either, if they decide to unload it can cause a sometimes rapid and sustained drop in the SP.
To quote PG if the money is on the table then take it, it might not be there in the future.
This is often the downside to a placing especially at 10p, if you took shares at 10p and they shot up to 18p you are making big returns, in this case in a very short time frame. Why wouldn't you sell, even at circa 12p you are still 20% up on your investment.
There are people who get paid to post on these boards and there are people who have been burnt before.
There are also people who will claim to be genuine and have an agenda to try to manipulate the SP, for perhaps a lower entry point.
Unfortunately, money brings out the worst in some people.
DYOR and make your own judgement calls.
GRH
Regarding waterflood in T&T, I remember Columbus/BPC giving it a go in their Goudron field, it only seemed to have very moderate success.
CO2 as you point out helps stimulate the oil improving the chances of recovery.
Fair point Tim, I tend to agree that a drill will always have an element of risk, the recent BPC drill serving as an example.
I am sure others will also seek to de-risk their investment prior to the commencement of the drill.
The point you make regarding T&T is also relevant, I would like to see oil flowing at somewhere near the predicted rates shown in the RNS, those flow rates would definitely prove the point that CO2 EOR is a commercial success.
Regarding the point, you make about the service contracts rather than oil-producing revenue, I have to disagree with that assumption, as they say, the devil is in the detail and so far to my knowledge there are no contracts with any future partners for EOR that I am aware of.
However, I do feel that PRD are on to something that could potentially turn this into a very exciting and profitable investment.
All in my opinion.
Tesla, it is interesting to listen to PG's comments on Trinidad on the Malcy podcast, especially after reading the article below. PG mentions the interest from other countries regarding EOR but tells us that there is plenty to be getting on with in Trinidad.
It is all starting to come together now, with exciting times ahead. I am expecting an RNS soon.
Is this the reason PG took the money via the placing? More equipment needed due to expansion in Trinidad.
I did think Friday a strange day for the interview to be released. Looking forward to listening to the latest from PG, hopefully, Malcy can tease some more info out of him.
I'm expecting another rise this week with the occasional shake in between, still trying to pick my moments to top up when funds become available.
The anticipation here certainly seems to be building, I don't like to be wishing my life away, but roll on April and May, exciting times ahead.
Good luck all LTH's.
April isn't far away, ramp up the production at T&T, anybody knows what netback we will get from $58 a barrel?
If we could hit the top end of those predicted bopd that would be a tidy revenue stream, 500 x $10 = $5000 x 30 = $150000 x 12 =$1,800,000. Assuming a netback of $10 per barrel.
Ouch, T&T is the only money -generating asset BPC/CERP have, seems like Mr Koot got out at the right time.
From what I have read they have spent all their funds on the offshore drill, a fact that might result in a bit of a fire sale.
I feel for the CERP shareholders in this, they got thrown under the bus with the merger and the long drawn out pilot drill in T&T in 2019, coupled with the fact that Schroders were dumping the shares they had in CERP pushing the SP down.
A bit of a car crash I'm afraid.