Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Donk, so you are saying that you know better than the US State Department? That wasn’t a blog as you suggest. I looked it up on your word. Should the readers of this “blog” believe you or the US State Department regarding to the investment safety of a country? I’m confused. Please clarify.
I suppose you must know better than the US state Department, Donk
https://www.state.gov/reports/2023-investment-climate-statements/botswana/
According to who?
An option is an option. They have certain parameters, one of which is the expiry date. Extending this is the equivalent of granting you a new option. For free. I did not take up any of the funding rounds and as such have no options. If they granted those that currently do have options new options then they would have to grant them to all shareholders such as myself. You and everyone who took up the shares, did so at a discount to the prevailing market price plus you got options. If those options expire out of the money then so be it but other shareholders should not be diluted when they knew this was a possibility and made their investment decisions based on this possibility.
You have an apple but you want to make it an orange. This is not possible.
No lawyer will get involved as the terms were clearly stipulated at the time you invested. Anything other would see lawyers get involved to safeguard the other shareholders.
You couldn’t trade them as they are company options as opposed to exchange traded options. This was also defined.
No other pandemics in 30 years but a tech crash in 2000 and GFC in 2010 which had also never be experienced prior. Something always comes round. It’s as sure as the sun coming up in the morning. These are the risks you face when you invest money. Otherwise squirrel the hard earned under your mattress. The pandemic has no bearing with respect to these options. In fact, the expiration of these options out of the money should have a positive impact on the share price as their dilutive nature will have dissipated.
Let’s not be delusional here. No one is going to pay 4p for a stick trading at 2p but should you, or anyone else, wish to do so in order to refinance the company I’m sure the BOD would be all ears.
All IMVHO of course.
You may need to learn about options guys. Firstly these are company options, not exchange traded options. So these are not traded on the exchange.
Secondly I have never heard of an option expiry extension in 30 years in the market. The ASX descriptions to which you refer relate to different options. Each expiry date is a different asset. The spot month is the one with the closest expiry. Just because you hold one and it expires, it does not mean that it gets extended into the next one. You have to purchase that next one. This is for exchange traded options which these are not and there are no further expiries, at this point in time, to purchase.
An option, in this case, is an option to buy shares at a certain price by a certain date. You choose whether you want to or not and if you don’t they expire. Now there are American style and English style options. Will let you do the DD on those but one can be exercised any time before the expiry date and the other only on the expiry date.
You would only exercise prior if you were in the money and thought the stock was going to dump. Options have a time value associated with them which is a factor of time to expiry. So if you had exchange traded options and were well in the money, you are generally better off selling the option rather than exercising and selling the physical.
Why anyone would exercise out of the money options, as has been suggested here, is dumbfounding. Why pay 4p when you can simply buy the physical stock at 2p now and keep your options??
If the directors did this I would seriously question their ability to run a company. If they extended the expiry of the option, which they can’t, this would be unfair to all those shareholders who do not hold these options with a set expiry, due to the dilutive nature of the act. All those shareholders would then have to be offered free options as well because you are essentially giving a new option to buy.
IMVHO
If you look at this board from time to time as I do you will realise that what is said has no impact on the price. Would be great to get some direction but it hasn’t really come over several years. Posting here won’t get it for you. We don’t eat mince pies down here. We do love a meat pie, though. Trash the bod, don’t trash them…makes no difference. We are not investing in Moagi or Smith. We are invested in TLOU. Time for this board to realise that. The bod would consider this a joke.
Not many on this board want to sell…but there’s not many that want to buy more. Unless you have a serious investor that is happy to keep accumulating at a price they’re happy with, the sellers are always going to dominate. PPA in place. Finance in place. TG give the market your plan. Please.
Totally agree with both of you. 100% the pension fund would not have invested based on speculation and yet they did but…..they wouldn’t have invested in what the market has been told….as is evidenced by the share price.
Do they know something we don’t?
I find myself agreeing more and more with Moagi here. Hyping share price up on speculation is absurd. Now we got the money, tell us the plan!! How’s it going to be converted into shareholder value, in what timeframe, what are the expected results, etc, etc. The pension fund must have been given some guidance otherwise they wouldn’t have committed. If it’s good enough for them then why not the rest of us. We have stuck by a long time. To get long term holders to invest you need to put out more than hype. What’s the plan??
Share prices are funny things. The laws of supply and demand rule. Until you clean out the supply side of the punters and get larger investors in there for the bigger picture, the price is always going to wane. Needs the support of solid investors happy to prop up the price which we haven’t seen yet.
Warren Buffett always hated the financial sector. Thought it was overpriced. Then the GFC hit and all of a sudden prices were attractive and he bought a big chunk of Goldman Sachs which he has done exceptionally well with. To this day he still owns the shares he wasn’t forced to sell back to the company.
COVID or GFC there is always one crisis or another. What we need is a Warren Buffett.
Brad it is USD5m not GBP5m. Irrespective it’s great news.
Be good to get some clarity over when they expect to commence work, how long it is expected to take to start producing the 10mw and when we do, what the expected profit is likely to look like.
I believe in the company. I believe in the people.
But that is one of the most ridiculous statements I’ve ever heard.
I don’t believe in bashing the company. Why bother commenting. I do believe in sending the right message to the board, though.
And NO BOD the share price is NOT immaterial. It is the ONLY material thing you should be focussed on. After all you represent the shareholder.
Let’s focus on what the shareholder wants and increase the share price.
Must admit I haven’t read this full thread. In fact I only read the a sentence saying “the share price is immaterial”.
Don’t know what was said prior and I believe in the business but the share price is all we are here for.
If you don’t believe that as well sell your share and donate the cash to someone who needs it more than you.
Setting aside all the speculation and hot air.
Closed at the highs of $0.069 today. Up 8%. Solid volume. Can’t remember the last time it closed with a decent gain and on its highs.
Hopefully the good volume of late is clearing out all the traders and we are getting some long term investors in here.
Starting to look a lot better technically as well as fundamentally.
Let’s hope AIM can follow suit some time soon and flush out all those sellers.
Btw I’ve traded for a bank for 30 years so I understand how shorting works. I also understand how market making works and in order to make a marker you offer a buy and sell price. If you don’t own stock, by your logic, you cannot make a market. So a market maker who doesn’t own stock cannot, by definition be a market maker. They would simply be a trader. Rest assured these market makers can, and do, short the market. It is therefore in their interest, should they be short, for dodgy pricing like we are seeing right now.
Currently it’s showing a share price of 3.18 when the market is bid at 3.20 and a last trade of 3.235. It doesn’t make sense. There does seem to be some form of manipulation going on.
Brad, are there market makers in the AIM market? If so, by definition, they have to be able to go short otherwise they couldn’t make a two way market. If they can short then they have financial incentive by the price falling. Those buy and sell indicators make no sense. You have a bid and offer, SP trades at the offer and it’s often noted as a sell. A lot of investors just won’t invest on AIM because of these questionable issues.
Poor follow through. That’s the issue when you have market makers influencing the market as opposed to just having investors. Endemic issue with AIM.
Actually closed bid at 7.8c. Massive volume 10.3m shares. Wouldn’t want to be one of those shorts in UK today. Ouch.
Yes. I know. To me the conversation is all dribble. Also does anyone here understand the difference between English and American options? And why, if you had any idea, would you want to exercise them so early??