Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Eytan is an arse. No remorse for screwing over LTH who are 99.99% down with no hope of recovering losses. I'm surprised he doesn't hid under his bed blankets at night. I would if I was in his position. A lot of folks have lost a lot of money and that's never a good thing to do to people.
In March 2007, U.S. securities regulator Roel Campos suggested that AIM's rules for share trading have created a market like a "casino". Campos reportedly said: "I'm concerned that 30% of issuers that list on AIM are gone in a year. That feels like a casino to me and I believe that investors will treat it as such."[
Latino,
To put it in perspective it's a bit like the FED increasing rates after printing money for 12 years or giving a drug addict drugs for 12 years and then suddenly withdrawing it. Can only lead to one thing a crash..
SharkMoomin,
Think a lot of people held on. Eytan has been an absolute disaster for shareholder value. He keeps going on about it and the only thing he is doing is robbing Peter to pay Paul. It would be better if he quit as director with immediate effect. If he had any sense of moral duty he would do so.
ziquarat,
Have to agree with you. There is a lot research done on AIM stocks that reveal there are very few winners and load of losers. which is why institutionals steer clear.
See, the thing is, if we accept that AIM is Ponzi like then we've got the wrong strategy. In a Ponzi the only way to win is get in early and get out with profit before the pyramid scheme collapses. Being LTH on a Ponzi is a sure loser.
The thing that pulled the wool over my eyes was that a reputable body like the London Stock Exchange would permit endless rapid share issuance, dilution, consolidation, issuance, etc, rinse and repeat. Raising debt and then dilutive share issuance to pay it off.
I'm just referring to the fact that when does an AIM stock start behaving like a Ponzi or Ponzi like scheme and what measures are in place by regulators to look into it?
Apologies all if this is to heavy - at the bottom of all these thoughts is a big loss on my portfolio represent through CEG. I understand it was involved in wildcat drills and CoS is limited but have we not been pulled by the ears and turned into donkeys - particularly the latest dilution round?
Hello All,
A bit of background.
I've been LTH (correction a very LTH) during that time my investment has dwindled from thousands to the teens. Just when I thought BPC (CEG) had turned a corner and would go cash positive with its production we get a shocking dilution.
Reading the Bahamas Tribune a commentator stated that issuing shares to pay debt reads like a Ponzi scheme. Not saying CEG is a Ponzi scheme just that it struck me that that commentator had a point.
The commenter was alleycat and you can find it here:
tribune242.com/news/2022/jan/27/oil-explorer-plans-no-bahamas-work-22/?news
I think many, over the years, have learnt the hard way on AIM. The endless rinse, consolidate and repeat. I was left wondering if, CEG, being the proof of the pudding ? - it isn't Ponzi like behaviour. Not sure it does the London Stock Exchange's reputation good to allow this sort of behaviour to persist.
Any thought? Plus, who in there "right mind" would accept the open offer?