Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
"This gives management the space to consider the best use of additional funds, which could include more capex, dividends, buybacks, or acquisitions."
I would like to see them use a third of the increased revenue for share buy backs! I am sure buying 5 million shares a month would soon see this rerate to where it should be? With the number of shares bought each month increasing as production/revenue increased. Or alternatively dividends, that would increase demand for shares!
just seen this, i don't know if it has been posted before?
https://www.***************************/touchstone-exploration-ceo-on-the-huge-step-change-for-the-company-lontxp/4121127800
Not exactly correct Tom111, yesterday morning there was a 50k buy that was late reported as a black trade. It was 2.5p above the selling trades at the actual trade time and almost exactly the same price as another buy 2 minutes later which was reported on time as a buy. It's almost as if they are trying to walk this down?
From the testing RNS a long time ago!
During testing, Cascadura Deep-1 yielded 59.5-degree API gravity NGLs at an average ratio of approximately 22 barrels of NGLs per MMcf of natural gas produced.
So 60mmcf of gas production will also produce in the region of 1200 barrels of liquids.
Yes it's up, they did their usual trick again at Friday close with a +2p UT. The trading range is up on where it was Friday afternoon but showing as down because the open price was dictated by the UT trade. But they don't want to show it blue, they would rather try and scare a few more into selling first.
I am of the opinion that they have been facilitating someone accumalating at 80p. There seems to be a concerted effort on the MM's behalf to keep pushing it down to that price. The trades today are more than 10:1 in favour of buying yet they consistently walk the buy price down on consecutive buys and hammer it down on tiny sells. If someone is accumalating it can only be considered a good thing.
Being dual listed in different time zones could present a problem for the release of transformational news. I can't help but think that if they have given this any thought that the news may be released while both markets are open? Otherwise one might rise significantly before the other opens resulting in an higher open price for the other market which could restrict the ability for people who only trade on that platform to get the buy in opputunity that the other market traders had?
Does anyone else have any thoughts on this?
Yes sorry PinWiz, your post wasn't there when i started typing! Great minds eh?
Hopefully people will be saying what a good bit of PR it was to get the not so good news out of the way once we get, Hopefully fantstic news!
Hi Photo, yes all well mate, looking forward to moving down your way when this finally rewards us! That is in the UK not SA!
I see lots of critisism about PR and the poor Q2 results this morning, with the poor figures being mainly due to falling oil barrel prices (rather than company performance) which have increased 25% in the past month so this was a momentary situation that has passed. But no one mentioning the fact that it is always better to get poor news out of the way BEFORE the release of good news rather than after it! The coast is now clear for the good news to come and the delay in releasing that good news may be partly influenced by waiting untill the Q2 results were out of the way? Next week could be what we have all been waiting a very long time for??!!
It would apear that Noth Energy's 5% holding was diluted to 4.999% by the issuance of shares to directors several days ago which has required reporting because it caused a threshold to be crossed.
I was hoping it was going to be notification of a new large holding, Doh!!
It could be argued that the worlds co2 levels are actually too low already at 0.04% of the atmosphere. The commercial salad and veg growers are burning natural gas to produce co2 to inject into green houses to enhance plant growth!!
But you won't see that on the MSM!
As soon as i saw that 81p UC trade last night i knew they were planning to open it at 79p and show a drop this morning! The sneaky blighters were hoping to find a few sellers by doing that! Looks like most people saw through it, onwards and upwards!