Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Oh, by the way Open Orphan current £155M Mcap
what a great asset Harry's been for Cyan over the years, he was puffing out his chest in that presentation, telling us all that he was only interested in joining a proper company with real value & prospects, sneering that anything below £10m was just a 'lifestyle business' & really below contempt.
Well here you go Harry, your great accomplishment (paid for too) has been helping to built this into ........... an £8m company!!!! what???? That's only a lifestyle company & still making less than a corner shop!!!
I'm waiting for the next presentation outlining the directors contribution to such an achievement, wasn't it 'converting' the pipeline into cash, or fill your pockets at s/h expense or was it on results?
You have to wonder why directors introduce themselves as being previously involved in successful businesses previously, but which have taken their services elsewhere, could it be that they placed a value on their talents & guided them to the exit?
There is no justification for the salaries they have awarded themselves along with fringe benefits etc.
If you read this Harry I would ask you to listen to the views of Cathal Friel (Chief executive of Open Orphan) on directors rewards and who owns the company.
His company has in the last year grown by leaps and bounds from being loss making to profit, now with cash in the bank & a full order book, increasing share value & prospects of returning cash to the owners (ie. shareholders!!!) in the form of dividends (I thought that was the whole idea).
He says how much he's paid, Euros 160k (£145K) no extra for pension or share options etc.(his view is that share options are theft from shareholders) but with a potential 25% bonus, also that £145K pay is very good money! All shown on the website.
That's less than Cyans accountant (sorry, Chief Financial Officer, sounds much more important doesn't it, so lets say £240k or so, as LTI says worth every penny???).
The rewards for management are out of line, most of shareholders cash has gone in paying for them & I guess the minute there is a sniff of break even the company will be able to reward shareholders with a dividend (after 'management' have had their fill).
Come on guys, don't compare your rewards with successful directors until you do actually give a return in company valuation and income to your employers.... the long suffering shareholder!!
FORK & KNIFE ITT, aren't you able to compose a question without help??
You should be able to work it out then.
CB, Cyan don't fund the L/C, the buyers bank does, it's a guarantee from the bank that they (CC) get paid when they meet the terms of the L/C, ie. they supply the product. So it is collateral for CC to trade on.
It' not a loan, it's a guarantee of payment from the buyers bank, so is collateral.
No, I was tied up till 20.00.
What was your question?
Did they give a reason for not including it or was it just not included in the recording?
Hi CB,
Did you ask some questions, or did they filter you out?
Cb please refer to Imperials post
Here Here!
Interesting reading
https://octopus.energy/blog/smart-meters-are-coming/
No, just some LTHs tired of reading the constant stream of posts from the same names lot
CB
1 year old iphone, disappointed to hear that this needs updating. A point about reception, by walking around outside the premises the signal increases and decreases within a small area as it does indoors. Historically the same has been the case for visitors over the years (having stepped out of their Bentlys, Mercs etc., even Fiestas) so clearly they had old out of date phones , or possibly they were in a 'not spot' ?
CB - that may be the case where you are, I live on a hill in Cambridgeshire (more of an undulation compared to Wales) in a modernish housing estate & have fibre broadband at a choice of speeds too. .... but when my 'smart' meter (smets1) was installed a few years ago the installer had just given up on a house around the corner as he couldn't get a signal.
When I questioned him about it he said it was quite a common problem, I also have business south of Cambridge near Duxford (pretty flat) where the mobile signal is dire & there's a mast at the other end of the site (explain that)
For shareholders I don't understand why you and a small group of regular posters spend so much time here spouting endless bile about CYAN, most of it negative speculation, very odd for someone invested in the company but maybe not so with a different agenda,can't believe it's for altruistic reasons. How can you say that the product is no good & being rejected/outdated/& various other unsubstantiated assertions, please show us where this information is coming from, that is if it's true.
I'm not a fan of the management (having invested pre-float & since) & the history of dilution, but can just see a possibility of this turning round with increasing revenues, why try to kill it off now as (apart from share price) there are signs of real progress?
I can see how this may not be the case if you have leveraged exposure with repeated cash calls, but why trash sentiment & the share price?
I have a Smets 1 meter which works ok, but I'm changing suppliers soon, after which it won't work 'smart' and will require manual readings as they will cease to get through.
It will only work as long as I stay with the same supplier.
To be smart again the meter will need to be replaced by the new supplier & I guess the new one will be Smets 2 which will still be smart again & effective for any future supplier switches.