Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
I agree with coxon. It feels at the moment there is no point topping up as it will always be cheaper tomorrow.
The briefing today, doesn't make any headlines anywhere from what I can see. 29 trades, it's as though the share is invisible apart from to the sellers. The PR seems non existent.
It is a bit depressing when at best it's detective work to see if there were any buys at all this afternoon, on a day when I hoped the presentation would create some interest.
Not much on other chat boards that I could see.
All those chaser buys the other day when the share price fell were not the bargain i hoped for. Feels that wherever the share price gets down to, it will stay there as not enough buys to lift it back up against determined sellers.
Realistically, if everyone expects the gas price to be higher in winter, when that happens, it won't be a surprise ? On another board the guess (with anger and saying it was a scam) was 2.5p. omg. Long way from there to my 8.6.
Whatever, the sellers look like they will be getting less for each trade in the future.
If Odey had 1%, that would be 2.85m shares.
Mr 50k man often sells before 9am. Are they the same person only selling in round numbers such as 50k/100k later in the day?
I do feel a bit jealous of the long term investors here. I have only been here a few months and pretty much all my purchases have been averaging down. That isn't easy on t212 as never sure when the deal will go through and the spread seems big. On the positive side, today made more of a difference to the average than any other day. On the negative, bit more in the red.
I was quite pleased to see it was a single big sell rather than hopefully anything else news wise sneaking out.
Hoping tomorrow brings good things. Is it likely it might be accompanied by an RNS ?
Perhaps 1.6m sold with one of the unknown entries as well. 500k bought in one go it looks like with the other unknown.
One day last week there were just 7 trades
Was down to 6.3p on T212 just. So either the fear that there might be a placing had taken hold or perhaps something has leaked out.
Seems a long time ago now I was buying these shares at 10p.
Lithium ion batteries do carry a risk of fire. I can't give you any figures but recently saw a report that they are responsible for the majority of fires at recycling centres.
Fire brigade suggest no mobiles left on charge when out of the house.
The sooner these are consigned to history the better and hopefully replaced by something which can be charged many more times and much faster.
That's a fair point ISAs, that would impact the lithium side if their estimate was on that basis.
Still feels on the low side even at 48% and presumably nothing at all for the boxes, lead and mining.
May be it isn't £5k a tonne and/or very time limited gate fees.
Some competition
https://www.cawleys.co.uk/lithium-batteries?gclid=Cj0KCQjw756lBhDMARIsAEI0AgmDrLhwL5utoh1LsmaN9vHJRvb907lhFYJepyHj0OTlVylk2tsNdXIaAuS1EALw_wcB
I topped up but then my one account had an average of 1.7p so no movement at all later in the day.
22,000 tonnes looks to give 13,253 tonnes of black mass at £5k a tonne. £66m revenue. No idea of costs either.
The gate receipts of £1.2k a tonne x 22,000 = £26.4m.
£92.4m total.
Plus lead and whatever else gets brought in.
Yeh I have put in an order for some more, T212 so hit an miss, just got no idea of the price unless you use limits.
Following on from yesterday and other recycling centre incidents, my gut feeling is all of us will need to get used to fires, hopefully small and of little consequence. The move to metal boxes looks as though it will minimise things. These batteries are so unstable, it makes you wonder how long they will exist in their current form. Will insurers get to a point of trying to recover losses on car fire claims from manufacturers ? There was an article yesterday about the cost of insurance on EVs.
The lead plant coming on line, 2 weeks became 2 to 4 weeks in the interview, so perhaps mid august.
In terms of income from the lithium batteries, presumably they will need a minimum amount before a sale can be achieved. As it stands, do they have any agreements in place for the offtake ? So those announcements and then the first sale still to come.
I can't see the share price escaping while this level of selling is going on. Any positive news will I suspect only bring short term relief before falling again.
I thought they may have reached their limit a while ago but looks like they did not and this will continue.
That's a fair question harbinger. One of the points mentioned were the fires at recycling centres so there was always a chance of this happening.
This feels like bomb disposal as much as recycling.
If it happens to tm1, perhaps any company will have to pay up front to offload their batteries,even if this was thought to be just short term ?
Lithium batteries are a major cause of fires at normal recycling centres. So if you were the EA, what would you ask for, a safe storage method, batteries to be kept in the fire proof boxes ? Reduced amounts held on site ?
This shows really that lithium ion is perhaps not the ideal battery of choice and solid state much less dangerous
Apologies for earlier post, web page had wrong details.
Https://www.birminghammail.co.uk/black-country/firefighters-battle-large-blaze-wolverhampton-27265732
Suez, not TM1