Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
I see our irritated Axe lad is in making friends mode? Poor boy really is building up a head of steam eh? Not often we agree GG - but youre correct on this one. Seems he's in a panic he might have backed the wrong horse and lose his pocket money!? LoL
Fair enough Jim - I've no real issue with anything you say there - I reckon we're not far apart at this juncture.
If ever there was a good time for DEC to go on the offensive via an agressive BB campaign - surely it must be now. The current Peel Hunt BB action looks downright gormless - as you intimate.
Morning SD - I hope you've now calmed down after your recent wobbles? I'm actully not really a fan off BBs - IMO they genetally benefit BoDs far more than shareholders. However, when you can buy your own existing Wells via BBs far, far cheaper than you can acquire them - it really is a no brainer. Clearly, new wells will be required in due course as the existing ones deplete - but that isn't going to happen overnight - and the current crocodile nearest the canoe (actually in it chewing at our legs!) is the dire SP. That is without doubt the current imperative - and good ole Rusty can't now argue he's short of shekels to attack the shorts.
Hi Jim, Yes - it does rather seem that poor Axe is rather grasping at straws. As you say, even a cursory look at my posting history tells a rather different story! Poor lad is starting to panic I'd say - still, he's a sight better off than us LTHs.
So Jim, what's your view of BBs now - changed your mind or not?
Dazzle: If the SP continues to fall, even those who recently bought in and lauded what a brilliant opportunity it was (e.g. skiramp and Axe) will be selling out to avoid the fate of us LTH's. Who is then going to buy here?
Terry is correct - they now have the money to undertake an aggressive BB and burn the shorts - it can most certainly be done. However, good ole Rusty still seems determined to buy every gas well on planet Earth - he clearly has a some sort of power complex (wants to play with the big boys?) - and it's very much to the detriment of shareholders - see SP for incontrovertible evidence!
Well there it is - yet another limp-wristed BB - it really is beyond pathetic. Its deja vous time folks - SP falling whist DEC makes a pitiful and ineffective attempt to bolster it with its latest BB campaign - recently trumpeted. This time they haven't even got the excuse that cash is in short supply - as pointed out by Andy below. The shorts must be loving this.
No GG - I don't believe that was the case - I think they have just proved incompetent. In the final analysis they have indeed reneged on that which they categorically stated (repeatedly) would not happen - they slashed the dividend. Had they fought the shorts with an aggressive and ongoing BB campaign as many urged (as opposed to just pretending they would) I believe we would be looking at a different outcome here. The cost would have been high but short term and they would have regained control of DEC's destiny. However, when they were finally boxed into a corner by their weak actions and/or inactions the situation had became a fait accompli. They failed - simple as. Not only did they fail - they then rewarded themselves for that failure - and that, in any circumstances, is unforgivable and marks them out as lacking the core qualities demanded of genuine leaders in any sphere of activity. All IMO of course.
Hello GG - well, the shorts don't seem to think DEC's situation is all that positive - they are still putting their money on the reciprocal being the case. Maybe they are saving that cash to award themselves some bumper bonuses to complement their recent freebie options - hey, they sure deserve them for all the outstanding success they have had recently eh!? LMAO
I just spotted that Voleon Capital upped their short yesterday by 0.1% to 1.31% - seems they aren't giving up - quite the opposite. Good ole Rusty - what a disaster for LTH's he's turned out to be eh? LoL
https://shorttracker.co.uk/company/GB00BQHP5P93/
Dazzle: You're correct insofar as they made I think it was two large BBs - but I'm looking at this in the context of the last couple of years - and overall it has undeniably been anaemic. You could easily argue that an aggressive BB campaign could have prevented or ameliorated the current SP crash - many here encouraged such a course of action but it did not happen - and we all witnessed the subsequent car crash.
As far as dividends are concerned it is now of little interest to anyone who bought in here for income - except those who bought very recently sub £10 ish. The rest of us are not only nursing a decimated share price but now looking at circa 5% (or less) yield - available at my local high street Bank with zero risk. It might encourage new buyers - but we are clearly pivoting towards the US where dividends are not de rigueur - I'd actually be surprised if DEC was still listed on LSE two years from now.
Paying off significant debt should help the SP - but that's some time from now - AKA: Jam tomorrow. Folks didn't buy in here for jam tomorrow - they bought for jam today. The BoD simply told investors one thing - and did another - some might call that lying to shareholders (I couldn't possibly comment!!). Consequently, many now do not trust the BoD - whatever they say will now always be suspect and questioned. If good ole Rusty told me the grass was green I'd check first before believing him. That's not withstanding the final low blow when they awarded themselves options when the SP was in the gutter and shareholders on their knees - they have proved to be just the standard AIM snouts in the trough lifestyle BoD - rewarding themselves for manifest failure.
Bottom line - many will wait (and hope) for their BE or somewhere near and bale out - I certainly will.
Hey - but apart from that all's good here eh!? LoL All IMO of course!
Regrettably, I suspect the BB volume was so paltry (just like the previous two by PH) that this is looking like the new norm as directed by DEC. PH might have been given 'hands free' by DEC and we have been given the 'headline' maximum allowable purchase under this latest in a growing line of ineffective BB campaigns - but we don't know the actual reality of the criteria PH have been directed to comply with by DEC. He who pays the Piper calls the tune - and its looking like the same limp DEC affair we have seen previously. Is this level of BB going to spook the shorts? More likely they are pi55ing themselves laughing!