Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
£170m mc may be pushing it a bit.
Ness due next week so probably buying in anticipation.
Not sure if a holiday in Germany on Monday so one day closer to drilling.
Could be a ujo top up.
Should have done that in 2015 instead of investing in this crap.
I think bitcoin were about £200 each then.
So every £1000 invested would have been worth £250.000 whilst every £1000 invested here is worth about £2.
If this works out and goes to plan.
Hoping for 500 plus flow rate.
We need someone on the ground in Germany just like horse Hill all those years ago.
Only a two day drill so could know results by mid May.
Looking forward to the flow rates being above expectations.
The only ones to ever benefit were the new directors and their mates.
Neil had about 30 million shares at one time not sure if that was before consolidation.
Once they go private that's it.
Any shares issued will be to private investors such as ex directors and private individuals.
Not allowed in an ISA.
So overall about 65%.
Everything that could have gone wrong has.
Let's hope it all goes well from now on.
At least he was the one that got us the assets that this lot squandered all of the proceeds for.
Five years ago.
Neil should have stayed to see this through.
I'm sure we would have got a much better deal.
Wouldn't be surprised to see UJO increase their holding at these prices.
If they become a private company then the new shareholders in the company will buy the scirocco shares at a premium to the market price. The old shares will then be delisted and cease to exist.
The premium should include the monies due from the Ruvuma sale although they will want to make a profit so should expect a slightly lower price to reflect this.
The old directors will also probably get paid off together with the liquidator so the sale price of the shares will be adjusted downwards even further.
Many shareholders have lost huge amounts here
and will be glad to see the back of them.