Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
The price keeps dropping. Why
The Evo board is always quiet. Read through the latest interims and finals from end of 2015. Positives for EVO are very low market cap v's high% cash in bank, good royalty mayments from old medical business, potential from gold, tungsten mine investment which should make money this year, HH investment, Alba investment. Sum of the parts greatly outweighs the cap. Share price is depressed from the large placing. If you have spare cash and are willing to wait then there is great potential here.
A good set of results. Nothing that we didn't already know but nice to see clarification on the progress of the tungsten mine and fairly imminent profitability. We must be due a re rate soon as net assets (book value) are now double current market cap and we have seen no associated value increases with the development and de risking of HH. Time will tell. I have 10m of these bad boys in my draw and I'm hoping for big things. Definitely one step forward today
No sells today. The last trade shown of 3m was mine and it was a buy, and given the trading range it very much looks like the rest of the trades are buys also. I think people have forgotten how many new shares were raised in the last placing and there is still a lot of overhanging stock available that is keeping the price down. I sold out of UKOG this morning and took the opportunity to top up my EVO holding and greatly reduce my average. Just need EVO to gain a bit of publicity and momentum to up the value here. We have nearly as much cash in the bank as our current market value.
Hi. I was invested a few years back but not kept an eye on things until a mate mentioned the company. Anyway having looked here Friday I was amazed by where the price is. Can anyone enlighten me as to why the price has dropped To this level compared to over 30p when I was invested. Should I be considering a buy. Thanks in advance
Sustained flow rate was massive given it was still on a 1" choke. Bring on the next set of tests. Hoping this gets the re rate it deserves.
I disagree re stg and EVO. EVO has plenty of cash, tungsten investment and decent royalties payments coming in, plus HH and AlBA stake. At the moment valuation of this company barely covers the HH and ALBA holdings cost, the rest is thrown in for nothing. Re HH it has been said there will be no fracking and based on the two flow results fracking definitely wont be needed. The old term and methods of fracking are long gone so nothing for the environmental lot to complain about, even if they did understand the processes used.
We are due a massive re rate here soon. At these low issue prices there should be big volumes of stock purchased today as EVO is easily the most undervalued company associated with HH. We have the direct stack plus our stack in Alba also. Interesting times
Look at trades it would seem that only 5.4m of shares were sold based on trade prices at the time, that means 29m were actually purchases thus slowly mopping up the placing. Let's hope a rise comes soon.
Interesting that the RNS was added to this page and yet the shares in issue and alterations to market cap have not been applied. Nice to see another long suffering DOR holder in here too.
Also my initial thought given that RGM paid £400k for 5%, only £50k more than the issue of stock value announced today.
Issue of share to raise a good amount of cash and the appointment of new brokers. The board are definitely getting prepared for something good.
Just managed my trade. Got 1mil at 10.05. That will do. Brings my average down a tad more. Everything crossed now for some genuine big things.
On TD I can't even get a confirmed price for buying 1mil shares at the moment. Thought I would do second top up of the day since getting out of RGM. Looks like I will have to wait to see where things go.
The share price starts to go up. In theory it's basic supply and demand. Fewer shares available the more they command a price premium. Price is driven by desire, desire to buy or to sell.
Sellers across all of the HH partners. Everyone wanting out is selling. Don't think they realise that the other 2 zones still to be flow tested could be life changing for investors and for the next couple of generations living in this country. Once testing is complete HH will be acquired by a company with much deeper pockets, of that I'm pretty sure.
I was tempted to average down first thing and got quotes .091 to buy. I have just pondered and got a fresh price of .08 which I have taken up. There is still overhang of stock somewhere. For me this is a tuck away in a draw share.
I did wonder if Lady Victoria had sold out as she is heavily invested in all DL's companies, and with none of them performing at the moment needed an exit. As people say this share should be double current price but it has too much of a spread and not in favour at the moment. If I had the money I would definitely average down.
Who is there invested here who doesn't mind offloading 15million shares, in 5m blocks, presumably at a loss. Based on normal trading levels this overhang of stock is going to take a long time to clear. Very strange dealings.
Can't understand what is going on here anymore