Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
The company needs further financing to continue operating long before a return on current projects.
What 'intent' do you see as a catalyst for improving the SP? You can trust the product but trust in the BoD is a tough ask on evidence of the co. performance.
I don't see how they were 'possibly given bad information by Valkor'; all the hearing information (dates of hearing / awards) is public knowledge issued by the local jurisdiction.
Mistake or by other reasoning, either way, it's incredibly sloppy
As set out in the Chairman's Statement, discussions with potential funders to finance the Group's plans including its working capital requirements are at an advanced stage but have not yet been concluded. The plans include the acquisition of the remaining 90% of TSHII; funding for two oil sand processing plants and associated infrastructure; drilling of wells into the deeper oil sands that are too deep to mine for the implementation of oil recovery processes; and repayment of the remainder of the Valkor Loan. On 30 November 2022, the terms of the Valkor Loan, which is unsecured, had been varied to extend the repayment date beyond 31 March 2023 for the remaining principal amount of the loan to the completion date of a suitable funding transaction for Greenfield that provides sufficient funds to enable the Company to affect such repayment. Hence, the forecast does not include any funding which would be received from a successful conclusion to these discussions with the identified potential financiers, nor does it include repayment of the Valkor Loan.
Get this over the line and it's transformational. Do they complete this in April?