Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
We have to grow our portfolio rather than pay small amounts in dividends. It doesn't really benefit anyone. Once we have a large stable income, it will attract ii's, that's when you hit the big time. Our bod did an exceptional job in getting an income from oil in the UK, we're not the country to welcome investment in our own resources. Getting into the US and having a success on the first try, is remarkable. I think UJO has reached another significant milestone. I'm looking forward to further developments.
When you were all talking about the RNS this morning, I couldn't see it on here. There is time yet for the SP to react.
The Andrews 1-17 well has been declared a "commercial discovery". "The installation of permanent production facilities has commenced". " Site facilities are also being installed to allow gas production to be monetised".
Testing of the Andrews 1-17 well is ongoing and further announcements will be made in the coming weeks after the well has cleaned-up and oil and gas production rates are optimised, following the installation of permanent production facilities. This is normal for a well, working out slowly how much it can produce, at the best flow rate. A well can be a gusher at the start and quickly drop off but it's already been stated, this well is commercial and a second well is planned. It just takes a bit of time so, a few weeks patience is required. I expect the SP will respond nicely.
Thanks for your link ART123.
They've said historically. no tests have been conducted for Helium. Does anyone know if there is a percentage chance of success for the appraisal well?
Is it just Helium they're going after or, will they have a market for the Nitrogen or, any other gases?
Are we finally going to see an advancement here. Denarius Metals looks like a good partner to be with.
https://ca.finance.yahoo.com/news/denarius-metals-announces-change-trading-110000049.html
Sammy, "Let’s hope that this pending grant application doesn’t drag on over the summer". I posted a link to the document on post of 21 Mar 2024 15:25. It states, "The company had hoped to receive an answer during March 2023 but the assessment body is continuing to review applications with final review now expected during June." I think I saw something about September in there as well.
From my experience with other British companies, the people in power appear to reject. for any reason they can find. I guess if they say no to an application, their job lasts longer.
I'm not sure what the latest news means. We could have mining rights to every bit of land on the planet, it doesn't change anything. We don't mine anything outside Cobre. Tim at Cobre does a good job and CRL appear to have a bit about them as well. It's back to our weakest link....., sort it out quickly or start jogging!
I've found this for anyone interested.
https://www.extractiveindustries.co.uk/cornwall-resources-faces-delays-on-funding-bid-for-redmoor-tin-tungsten-project/
I've started researching again. I'm not sure if I'm becoming an optimist or, I'm badly in need of a psychiatrist! From what I can see, CRL have already had one grant application rejected but I guess another one is in and it's about ticking the boxes of reasons for the rejection of the first application. Maybe there is good reason for optimism. Does anyone know of information relating to the previous rejection? I can't find anything and don't know where to look?
Strategic Minerals Chair Alan Broome said: "This development further underwrites the company's strategy to be part of, and benefit from, the resurgence of mining activity in the UK and directly contribute to the deliverability of the UK's Critical Minerals Strategy and Cornwall's ambition to be a world-class region for metal mining and geo resources."
How far have you got with that so far Alan Broome. We now have a larger area to mine but haven't done any mining so far and were not close to starting.
Have you any idea what the situation is Trout? We've had so many unfulfilled promises in the past, I feel negative even though I think this company can progress. The latest RNS indicates news is due on either Redmoor or, LCCM. Our Bod are expert at making statements about the future, they never meet. The end of Q1 is near....
I've been in this share for a long, long time. Years ago, our Bod stated there was no need to drill anymore holes as we already had a large number of cores for evaluation of the asset. After that, more drilling took place. Our Bod have had a large amount of time and money to prove themselves. What have they done? You can have the best asset on the planet but with lifestyle management, it means nothing in my opinion.