Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
I believe 2017/2018 revenue will be on par for last year. All things considered not bad. More wiggle room for negotiations. Right or wrong I am curious why our major shareholder purchased a load more shares in December. More than meets the eye here.
Jan : Av(902) x 31 = 27962 Feb : Av(946) x 28 = 26488 If we applied 31 days for Feb = 29326 (Av(946) x 31) The daily average is the important figure?
Oil prices on the up again.. is this the catalyst for recovery? A positive move would be activity from the farm in but mostly likely they are waiting on the investment bank outcome like the rest of us.
Yes daily average increase...workovers have worked, wf working? Additional info would be appreciated but cogcc should confirm albeit direct from Hawk would be far more desirable.
That�s the one.
Based on an average oil price in 2017 of $50 and net production of 306,149, revenue will be around $15,300,000. I am hoping costs haved reduced. What money will be in the bank right now? In last years results , Rick was commenting on the future of Hawk looking positive but it hinged on proving the reserve increase from the WF. The reserves have increased albeit actual production has not.. which figure will be more important when negotiating funding for a reserve based loan. The market is expecting bad news, any sign of the finance being resolved and we all know this will tick up nicely. On the flip side...wipe out. Not long to wait.
Workovers completed.. we have confirmation. Feb figures should reflect that..
Will we push past .50 today? Selling resistance is sat at the .40 mark...News flow to begin.
Hi Scarlet, Hawk could also be talking with some of the big neighbouring oiles via the IB with regards to selling... The silence is deafening. I would hope the BOD are engaging in multiple discussions/proposals considering not a great deal of development planning is required right now.
Assuming Hawk release the official production RNS very soon, it will be interesting to see if shareholders also get a company update. At the very least we can asssume the boost in income (based on oil price) must be helping with the negotiations and balance sheet.. but is it enough.
Makes sense now.. thanks. Unfortunately I missed the post.. nanny state intervened.
Lost on this thread....
A bit random.. complained to whom?
777 has appeared a couple of times... could be Spiritual or Jackpot(luck).
Could be someone sniffing for limit orders or determining the true spread.
The company does not legally require a CFO, so why appoint a new one if you are about to fail? Another positive indicator in my opinion.
Production has increased from November 2017 but is down from October 2017. November production was lower due to the non routine workovers. As the workovers were non routine they may be a direct result of the WF. COGCC well figures will help fill in the gaps.
Why don't you give it a go? In other words put your views out there. Plenty of information available to digest and interpret.
Perhaps we should all place �10 orders all the way up to 2p lol. I wonder how long it will take for the computer algorithms to have a tantrum.
Unless we get one of those tiny sells to drop the midpoint (Call me a skeptic), that does seem very possible.