Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Check out AAU, great RNS today for a 12 month punt. She's on her way...
TheGibb, It's a bit chicken and egg. The cash in the bank holds up the share price - I've been saying here for months that it is incorrect to state this share is undervalued based on that cash. If receivables are sorted, GNG are less likely to default on interest payments. The CULS holder will only convert if they see value potential increase, and that can only happen if revenue grows - so at the mo GNG must have cash in the bank to pay interest. It's a bit like taking out a loan and then using the borrowed sum to repay the loan. The only way out is to increase revenue
Wish I had a spare £5K to top up
To be fair, monthly updates might be a bit much for such a small organisation, leading to unintended volatility. However, reading between the lines, it loos like it could be some time before we see any real improvement in the receivables situation, which could mean 12-18 months! Thanks for posting the response on here
Good luck getting an answer!
Lates report stated they had a large amount of unrecovered receivables. I suspect it's a lack of capacity to monitor such things as they have stated they now have an employee managing the issue. ie: there wasn't someone doing this previously! Strange way to carry on indeed, but hopefully this will now improve things and we will be in a much stronger position in 12months time.
Believe me, if I had spare £k's I'd be buying now, A: to average down, and B: it's a bargain price right now
Bet you wished you'd waited now!
I see today's news as a full stop to the last 18 months. The key to success going forwards apart from the obvious BD will be to sort out this ridiculous revenue recovery situation. Hopefully this 'dedicated staff member' will resolve this. Nothing else works if revenue is not recovered from vendors. My Co went through a similar situation and has come out the other side resulting in a triple increase in our share value.
this week?
Bit surprised there's no price movement at the mo. Thought it would be going up (or down) pending audit news by now. Unless lack of movement means the current price reflects the market view on the share value post news!!
I'm hoping news by end of month
tick tock tick tock...
soon would be good
It's like sittingat the dentists waiting room waiting for news here. We're not sure when the news comes if it's going to mean pain or relief?
Not sure £3k's worth of trades in last 24hrs can be MM's shaking the tree! Just as likely to be PI's getting nervous for bad news. Mind you, with so few shares around, it doesn't take much to move the price. My view is that this isn't actually going to do anything exciting when results are announced. Sadly I think we have to wait at least another year to get this moving in the right direction
That's what we're all expecting, but be cautious with this one and please DYOR. GNG has had the odd nasty surprise in the past! I think the concensus now is that 2.75-3.25 is bumping along the bottom and the next news will raise value - but there are never guarantees.
If I had more cash I would be averaging down. As it is, I have put this in the bottom drawer, I need 10+ to break even now. I think this will move slowly up over the next few months, but gravity always seems to drag it back. I'd like to believe that the Chinese economy will pick up in the next 18months, giving Gng a chance to move forward again.
I hope you're right. Everyone keeps saying this is way undervalued, but it's only worth what people will pay for it. It's got a hell of a long way to go before it gets me anywhere near break even!