Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Have you asked BT what the issue is? The reality is that for whatever reason the funds have not come in yet, but it has not stopped progress, they need to get the analysis work done before drilling when the funds will be needed.
I cant believe the amount of negativity towards BT and the company, do any of you know how difficult it is to make a discovery? this is drilling down 500m plus not pitching a tent. If you made a binary gamble and lost on this you shouldnt really be looking at KSZ, Molopo would be more relevant as a decent chance of a binary outcome. This really is a long term investment not a get rich quick ponzi scheme
D220 - In my view there has to have been a legal reason for the lack of news over the last month, especially when bt has been so keen to get the KAV story out there, it just doesn't make sense for him to stay quiet for so long unless he has been bound by an agreement. I think todays RNS gives more credence to that theory.
It could well be that there is an NDA or confidentiality agreement in place allowing an outside party to undertake some form of information gathering and KaV are bound by that not to disclose any information, by extending 4 days it would indicate the period of the agreement lapses on 28th Feb
Kammy - i agree the BOD cant really address the political aspect, but folks on here saying there will be no impact on any sale because of the RNS is simply misleading. At best this will cause delays until the political landscape has improved, and that is going to take one hell of a back tracking from alot of egos that are now involved
The sanctions may not directly affect a sale, but the risk factor of any company buying the assets will have gone up drastically. For any company aligned with the west there is a danger of operating in Russia, for any eastern linked buyer there is a potential of not being able to transact the mined product to the west, this will be reflected in any transaction price
The delay will be down to them getting confirmation of what they have found in the core, any long termers will remember they gave a really positive RNS on Ditau based on some false XRF readings which they wont want to repeat. The reasons for the delay could be positive or negative, but I would rather they take time to give a clear message when the RNS is made.
I know its frustrating, but the only answer anyone can give is that they will be released when the company is in a position to do so. They have to ensure that whatever info is released is accurate and passed by a relevant professional. It is pure tedium waiting but just remember the wise words of Warren Buffet " The stock market is a device which transfers money from the impatient to the patient"
There are so many reasons why they may not have anything definitive yet, just remember they have to be so careful not to mislead the market with any news so they have to be certain what they are saying. Could be positive or negative, but in my mind if they had reached TD and found nothing we would have had an RNS by now.
There should be a picture of LC in the dictionary:
incompetent
adjective
UK /?n'k?m.p?.t?nt/ US /?n'k??m.p?.t??nt/
not having the ability to do something as it should be done:
an incompetent teacher/doctor
He has described the government as corrupt and incompetent.
Synonym
inept