Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Hi Blu
Agree the sentiment of the last post - in terms of your comment on it finishing soon, do you have any chatter sources in regard to something, or is that just based on their roadmap?
Hope you dont mind my asking - this question gets to the nub of Satoshi though.
Hi Rae Dae
I will freely admit my retirement comment is a very lofty expectation from here. Equally it can be based on forecast, existing assets and a reasonable expectation that good investment performance of past runs into the future - so definitely not a dream.
England world cups victories, Newcastle United glory (just once at least!) and a variety of women (some not even busy in the kitchen...). Throw in World peace, wild riches, an interesting personality and charisma for myself and we are truly entering the dreamzone - The football bits especially - lol.
AtB
NtD
The move of exchange I expect to be delayed - I think that there is a positive in becoming the largest company on Aquis first - we are currently 5th and would need to about triple. I think that from then, we will move.
I fully expect this to become a £1bn net asset value in the next 5 years - with an outside chance of succeeding in this current run.
Wexboy on Twitter always mentioning the numbers - people should be fighting and paying a premium to hang off these guys coat tails - they have a track record of incredible success and many as yet unlisted projects to come in 2024.
Finally, I think there is a chance of dividends in the future - probably post this bull run - I dont expect them to add staff to invest more - their MO is intense pro-active advice and this must be a factor in their high hit rate - but this also limits how many new projects they can school at a time.
Expect this share to fund a big chunk of my retirement - its not just that its that good, but that it isnt even at a premium to NAV yet - think Buffett and Munger - these two appear so far to be a crypto equivalent - sooner or later the wider market will twig this imho.
As of posting time it is the 41st crpto curreny by market cap. That MCap is $1.6bn. Its a complete monster!
Over $10 per coin and a 23% 24 hour rise. Over $80m net asset value to KR1 on this project alone! Should add to a strong rise on KR1 on opening today.
GLA
NtD
ShortEverything, "Well well people starting to wake up to this CEO" - I take it you have had this experience? Did he make you a cooked breakfast and call you a cab?
This is a growth share that is cash positive awaiting the next leg of its growth journey. If you were going to try and short this I suppose you would want to try and spread some FUD but sleeping with the CEO - well done Sir!
Personally, I dont plan to wake up to this CEO - He gets paid to do a job and he seems to be doing his job.
He identified an opportunity, gathered finance via this public company and now he runs that to increase shareholder value.
His involvement isn't likely to change anytime soon (assuming his expanded production plans are met) so if this is your main beef with this share, I suggest it isnt for you.
Personally I take his involvement as key to stability going forward. I also have no idea of the day to day activity of the business, or the activity required to gain new options / permits etc so I dont know how hard he is working. I would also add that sometimes trying too hard can be contrary to shareholder value - rapid expansion and dilution (needed to justify a salary and bonus remuneration rather than in true best interests of shareholders.
Sorry for long post - its just that imho focussing on current state of director remuneration smacks of jealousy rather than objective thinking. Lets canvas views here - would you vote him out? If no, do you seriously expect him to volunteer a pay cut?
I feel like I am on the wrong board this morning!
Determined not to be a moaning LTH -on that note, a good churn of volume this week would be very healthy in removing the trapped LTH from the share - I think the selling into rises is as likely to be LTH as traders imho.
Very relieved to see a value in the SP as a result of this now very old investment in COVID drug. Personally I will be happy if the BOD sell this investment - it isnt in their stated core investing area and I feel pharma is a nest of vipers - other sectors not so much...
GLA for today or going forward
NtD
Celestia has had a very strong weekend - $9.27 as i write this - 7,500,000 held by KR1.
Transhaven (full name to indicate serious rebuke), buy a dictionary - or better yet look an online one up on google (don't go for the top click of English lessons or you will think that is what dictionary means). Few in UK English parlance is usually used for 3 or more - can be 2 but this is less likely due to the existence of the word "couple".
Im having a slow Friday so keep going - thank you. If we can keep the pace up we can get into "multiple", "many", "lots", "loads".
What a lovely language we have to work with!
LMAO Trans - you are definitely poking fun now on what must be a slow Friday for you - couple = 2 always. Few - a small number - can only really be a relative term. If you have a million and i have a thousand - i could describe 1000 as a few.
Very good at flushing out us pedants
Hi Trans,
He is sharing his opinion - i dont get the big deal, In effect thats what these BB's are for arent they - share the meagre facts and the plentiful opinions on what that could lead to. I never understand the need to make opinions so personal - at least that my opinion. :)
Just says he doesnt think its going to be several weeks - I would say that puts him close to my opinion that its happenning this year. But if wrong - shucks.
To try and make it more important, posters often say opinions have been counted on by some investors and they have lost money (note, never the complainent) It is in the top 5 BB cliches this one.
Anyhow, maybe two weeks maybe 10, maybe never, might be in next 10 minutes - we all know this as much as we know any other info on a BB is an opinion when it comes to future timings.
I know you aimed this to GR but my view; Roan - certainly not a success by its own definition, but equally not a failure. - its not a binary world we or JLP live in. This revised module approach is the outcome of JLP shared experience in this space and the operating difficulties of Roan amongst others.
This isnt a traditional company in a traditional space in a good environment - there isnt a competitor to mimic - it sounds dramatic but is true to say that they are pioneers in this space, and on that basis you have to accept there are going to be setbacks.
My grudge is the comms and the past obfuscation of issues into one giant mix (ive never been entirely clear as a result exactly where the issues and impacts arose)- the modular approach should negate this from being the case and the pressure to make that so is firmly in the FD's remit.
From the whole in the ground I find the SP in, I am optimistic from here on balance.
I truly believe the perspective on this share changes any day now - i think a lot think the same - hence the excitement at a relatively small rise in SP sticking yesterday.
The manipulation of insiders and BH in holding this share price and ensuring via exerting control that the company allows as long in this period will almost certainly close bringing an end to this last grim section of our SP misery.
Anavio will have a next stage plan in place for the rise (thay have had a long time to consider it) and i think will give the nod to comms going out when they see fit - but there s an absolute deadline looming for production and the JV conclusion could intrude also - hence the current excitement.
Trans
"but the rumour that snouty started are nothing more than that." - No - the JV is in discussion is a fact. Timing or completion unknown but 1 year is a long time to remain in process to stop.
Heres my opinion (not a rumour) - we will see JV pre calendar year end. US Major wants this in the FY as a reserves boost.
No drama if that doesnt pan out - the JV is the sizzling of the sausage - but with 1bn barrls oil in the ground and an expectation of rising production allowing free cash flow, RBL financing even without a major, the sausage is pretty damn tasty at this price also.
GLA
NtD
No
Very different close to day and very pleasant. Maybe Two thumbs Typer Tommy from Anavio took the afternoon off and forgot to keep thumping the sell button.
Hopefully its along-weekend, no, a reassignment on the cards for him.
3p for the weekend...
Thnaks THGambler for calrification on the volume aspect - it does load risk onto the wait and see strategy. With that in mind, I dont think the BOD can gamble on waiting - too much money relarive to our MCAP in play. They may lose out but need to take the option unless the source of their believing the rights to pass over will gain more worth is particularly strong - which I just can not see.
NtD
Well said Gotreal - your post brings to life the complexity and taken for granted wins of this company - thank you for the reminding me (us)
NtD
Agree Ltd Axis,
I believe our BOD are waiting to see if the right itself gains a worth prior to using the option to exchange it.
The VWAP over 10 days means even a 1000% rise in SP today will be very much diluted enabling the option to be escercised into still big profit.
I am by no means a fan of our BOD but I dont think they are just negligent here - there has to be an aspect in the timing that they hope leads to the orioginal rights being worth significantly more - the price of CIZ rising would imply that there is a deal in the making - this may be a wise move as they may not be able to slow their deal to force our hand on the option.
We will see.
Bushytailed becoming Bullish!
Inferring from your message that
1. You no longer believe we are going bust
2. You have bought - 40% upside
3. If you have bought you are clearly withdrawing your diatribe on placements (as by your own measure you wouldnt buy into that).
This is a massive turnaround in sentiment!
Good investors / thinkers / people can always change their view so well done BT - however, they usually change their view due to the change in evidences and what is happenning - on that we have seen little - LC still in the hot seat - so I will ask - are you so easily swayed by the modular strategy - I really felt you would be a harder nut to crack and almost feel slightly let down by the small change in circumstance driving such a change in your thinking.
Good luck with your new investment here.