Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Indeed Mattpr1. Eyes wide open and aware of the 'risks'. I'm quite prepared to be here for another 2years until production. Glad of the recent dip and topped up this morning at just over 0.50p - what a gift! Once the funding comes in, it will no doubt spike up, followed by a year or two of drifting slowly lower until actual production proper (unless there are lots of additional news updates on other business activities eg gold etc). All good for those putting in a monthly top-up. I've been here five years and made a very good return already. The graph trend smoothed over that time is actually quite steady, so the smart investors will be ignoring the oscillations. Try beating these returns with bonds, bank interest or any other company share, and still the best is yet to come. 2 more years is nothing in the grand scheme of things. Good luck all patient holders :-)
"Whatever is holding this deal up is highly unfortunate."
... it is only unfortunate if you're waiting to sell on the news. If you're still topping up and intend to hold until production, then the drop in share price is very fortunate! :-D
I just topped up myself too - yum yum! Hopefully another two months now of drifting at this level ;-) This could probably be a floor to the price (~0.50p) as it is the level Hainan bought in at. Hold your nerve everyone - a buying opportunity at a level we didn't expect to see again :-D
Ricky - not sure why it is frustrating, unless you are looking to sell immediately on the news. Myself, I'm staying invested until production (~2-3years?), so if the extensions keep repeating every month until September then that is great as I can keep topping up every payday at a lower price. The more if drifts lower, the better as far as I am concerned, but everyone will have a different plan/exit point. Good luck all, whichever route you are following :-)
OnlyKing - Are you referring to the KMUK company being setup? If so, I don't think there will be a ticker as there are no publicly available shares, as they will all be owned by Kodal and Hainan (49%/51% respectively). My understanding is our 49% holding will be owned by us via our KOD.L holding.
Yes, I'm with you on that one George. If this can reach 5p in the next 3years, then I'll definitely be out. 52m shares x 5p = O.M.G.!!!
Thanks for posting the link George. It requires a login though, so I can't see past the first two screens. From what you say, then perhaps they have indeed done the similar calculations to Mercedesman and are verifying 9p or higher is a possibility. Sounds good to me, so well done on finding that. If it does reach such lofty heights, then retirement is looking extremely rosy, assuming I can wait that long without jumping ship too early!
George:
Simplywall.st just upgraded KOD`s estimate - based on discounted cash flow model from 0.0074 to 0.092
Is that a typo (and should be 0.0092?), or are they really estimating almost 10p per share? I know Mercedesman has done some very good calculations that show 14p could be possible in 5+years' time, but I doubt any broker would be looking so far ahead, and maybe predicting a return to almost 1p on funding? Very happy to be wrong of course! I think I will have sold out long before 10p though ;-D
Managed to squeeze another top up in this morning , so beating any RNS. This is my highest price per share at 0.87p but confident that it will be sold at a profit when the time comes. Will news lead to a spike up or a gradual drop as people are too impatient to wait until production? - who knows. If it does drop, that will be fine by me as I'm still planning to keep topping up for another year. Good luck all and enjoy the ride :-D
I think you will be right sebo, but I can hope ;-D
That said, Kodal's share price historically seems to go opposite to logic and drops after good news (think what happened after the licence etc), so who knows what will happen after the next RNS! We slid from 0.485p down to 0.2ish over about a year or so and I've managed to aquire plenty more over that time. Fingers crossed for a slow decline from 1p over the next year so I can greedily make more topups at lower prices until the production is announced! :-D
I hope it isn't Monday - I want to squeeze another topup in with Tuesday's payday.
I'm not sure why everyone is excitedly looking forward to a slight rise in the share price - I'm hoping it stays at least below 0.5p for the next year until closer to production as I still want to be topping up every payday for another year please! Once in production, then the share price can go bonkers (3p? 5p?!), but I'm still in a greedy mood to buy more at the moment ;-D
INI - yes, mine was with different brokers as the ISA subscription was with a new broker, so it had to be done manually! It was quite nerve wracking, so if the option of a bed-and-ISA is available, then I would whole-heartedly recommend it! I'm glad I didn't leave them stranded outside of the ISA now though. MrS - £80 sounds like a good deal. Good call :-)
I did something similar just before Christmas - had about £16k in KOD in trading account I wanted to top-up into my ISA. I sold £2k every 2days and re-bought in ISA as soon as each cleared, then immediately sold the next £2k batch, so it took about 3weeks and I was only exposed by £2k max at any one time. With fluctuations in price and spread, it meant the whole exercise cost me a couple of hundred pounds in value, but it was before the price almost doubled, so it was definitely worth doing.
Wow - glad I wasn't out of this on Wednesday night!
Remember, we have already been at almost 0.5p in June 2021, so hopefully lots of speculative buying will take this closer to the phsycological 1p barrier (which may prove a big barrier until full production as early buyers take profit and get out - a bird in the hand, so to speak)
Well done to all holders.
Hang on and enjoy the ride :-)
I agree CR888. I managed to buy a few in April but haven't been able to topup. Never understood the 'virtue signalling' of their move to prevent buying yet allow selling. Where do they think the sold shares will go as someone must buy them?! Isn't this how the oligarchs got rich - buying valuable shares at firesale prices?! UK buys/sales just churn around UK shareholders surely, as they won't get cancelled in a buy-back. Same thing with Evraz.
Another advantage of a buyout is that the size of your holding doesn't matter. I have managed to amass over 46million of these beauties (!) over several years, so selling all on one day isn't going to be possible. A happy dilemma to have I suppose, but I guess with a buyout, they all get bought on the official day, so number held wouldn't matter? Here's hoping :-D
Hi elcobbledore. A tricky one. Someone previously made a good point that a buyout (at the right price) does take away the difficult decision of when to cash out. Do you take the bird-in-the-hand, or be patient and get a better payday later? Whatever you decide you would agonise that you made the wrong call. We have all seen spikes that dissolved (for any share) and wished we had sold, and also seen spikes after we do sell and missed the boat! Hindsight is always 20:20, but a complete buyout avoids all of the 'what-if' thoughts. I think I'd prefer not to spend years watching this daily waiting for my moment, but to be sitting on a yacht sipping a beer ;-)
So to answer your question, perhaps a buyout, but only at 3p per share or more. I'm hoping for a lottery-win sized profit on this one ... anything less would be nice, but I want life-changing! :-D Good luck all.
I bought mine inside of an ISA. My bank has just sent a letter stating ' ...these shares will no longer fit the requirement necessary for holding within our product'.
Under the heading 'What do you need to do?' they state 'You don't need to do anything. Once the stock is delisted in the market, we will, with reasonable endeavours on 19 August 2022, begin the process to re-register and deliver to you a certificate of the unlisted shares in your own name'.
Does this mean they will no longer benefit from the ISA wrapper and if they do resume trading and/or pay out a dividend, would this become taxable? It seems that different banks are handling these inconsistently to one another. I presume a paper certificate cannot be within an ISA? Thanks :-/