Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
The downside of a stock that has not delivered in 15 years, is that there is little investor confidence in anything happening soon, the upside is that firstly the share price is very cheap, secondly the price is held down by people desperate to get their stake back, thirdly that when it finally turns round there are good profits to be made.
Now trading 0.11 to 0.14, target 0.6p by September ...
We are now in waiting season, with the massive incentives about to materialise in USA for carbon reduction in construction, no-one will make a move here fast, everyone is waiting for the federal funding to be finalised, then watch the feathers fly here. Best collect some spare cash and wait for the signals, it will not be too much longer now..
I think a minimum of 4x current price in six months, maybe more.
Single Malts are specific to the locality, local malt and most importantly the used American Oak casks used for ageing, and it takes a minimum of 10 years to get a good one. But there is plenty of empty sheds on Shetland to mature a good still.
Is there really any point in the two of you posting daily, venting on a public forum that you are / were so unhappy with an investment which you yourselves made, of your own free choice, and that you feel so stupid for ?
Personally my portfolio is well in profit, and sometimes you lose, sometimes a little, sometimes a lot, but overall if you are not stupid, you can make serious gains.
Here is a case, which I chose because of my own personal criteria, which is high risk (AIM), and has enormous potential, and having built my portfolio on high risk, high potential gain, from a mere £50 a month "Smoking money", I am quite happy to still be here, as are many other "Serious" investors.
Your daily ranting on this board contributes nothing, go take a walk, or do something else, you made your decisions which you now regret, its your own folly or lack of judgement, the rest of us are still happy to hold, confident that it will turn round one day.
My criteria is simple, look for an AIM stock whose share price has fallen off a cliff, look at the assets and assess a real world value, look at the team and what they have achieved in the past (Here is exploration), and assess if there is a good (5x or more) potential upside.
Some of my stocks have failed, others have done remarkably well (PREM bought at 0.05 - now sold, UFO sold at 6.5p, CUSN - sold at 27p, and more besides, my big breaks were UKOG bought and sold 3 times in a week, BYOT bought and sold twice before pandemic, and more besides).
Follow the rules and only invest (gamble) what you can afford to lose (smoking money) and get off this board.
This is still a long buy in my book, so I am holding.
Its great that the lowest grade of whisky can be sold for that money, but mostly its the name, as the product can be churned out at any of their factories, and left in the shed for 7 years in the cheapest old American oak second hand barrels.
The Industry major players will of course be delaying deliberately whilst preparing their case for government handouts to fund the transition.
Up from here is huge, delays are inevitable as handouts will be on the way to fund change which actually costs nothing.
Potential here is now much bigger than it was a month ago, and cash position is till fair so we wont be going bankrupt anytime soon - kicking the worst case scenario right out.
Directors take fees in shares, and don't draw down the cash, quite the opposite.
If I hadn't topped up before the fall I would certainly do that now - we still have all the assets, and cash in the bank.
Yes - 4 times MCAP value of mothballed open pit mine .. based on $1 per Ton of product available.
In reality product sells for closer to $100 which is the potential for an investor to operate the mine properly..
When you are dealing with the corporate mentality of multi national corporations, expect them to delay, and delay till the small supplier is on their knees before they make a low ball offer. In reality they would rather bankrupt SRES and buy the assets from the receiver than make a fair offer, so PC was right to walk away.
As ever the best option would be to monetise the Perlite, and put the pozz on the open market at a "Dig your own" price - even at $5 a ton that would make $90 million, but better still would be to sell the mine for cash - and $90 Mil would be a fair price, pay us all a dividend of 75p a share, and fill the coffers for the next 10 years.