Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Tis perky today, and decent volume too. Maybe the seller has finished?
Certainly seems a bit more perky today, although hard to get too excited until it reclaims 230p and puts in a higher low.
Well, I happen to think that they will and I am long too. As you can see by Draft's many updates there is plenty going on behind the scenes, particularly in areas like heavy industry which most people simply don't get to hear about. 'H2 View' on Twitter is also worth following to keep abreast of developments. GTC are positioning themselves very nicely.
Spread is wide because it's an illiquid micro cap and the market makers will milk it for all it's worth. As to why it remains undervalued, well that's a bit more difficult to answer... Take your pick from:
- Background institutional selling, you can see there's a few holdings RNS from last year
- Hydrogen is still not really known/understood by the wider market
- Most retail too impatient to hold and see a multi year plan through
- MCAP still too low for wider institutional interest
- Market wants more confirmation of sector growth
- Market wants more confirmation of GTC's pipeline (revenue)
DYOR and place your bets accordingly.
Don't worry there's plenty of long term holders but there isn't really that much to be said between news releases. Hydrogen adoption is coming, GTC is positioning themselves superbly, I think patience will be rewarded. These are very large infrastructure projects/changes - things don't happen overnight.
As to the 'drop' - price is currently forming a lovely bullish consolidation pattern, all perfectly normal.
mrcautious - you've missed the critical word "up" in Malik's sentance. The first H2 deal has only added 5m (although happily now it is 6m) to the value of the co, which is quite frankly pitiful considering this is potentially the first of hundreds of sights. Malik has been banging the drum on this board for many months now, and rightly so of course, but the co remains massivley undervalued. Market will catch up eventfully.
I think that's very reasonable over the coming months. The market has simply not been pricing in the H2 business but todays news should force it to wake up and re-rate accordingly. If GTC can keep the ball rolling then it could start to snowball very nicely. Overall the current share price represents excellent value considering legacy operations and future H2 potential.
Possibly by the end of the week at this rate!
How could you forget about the mighty Rockfire?!
Drill results due imminently...
There is no reason to doubt it that I am aware of. CGNR featured heavily in AAZ's company presentation from 3 weeks ago:
https://wp-angloasianmining-2020.s3.eu-west-2.amazonaws.com/media/2020/09/30155141/Anglo-Asian-Mining-Proactive-Presentation.pdf
Worth noting the the price target of 138p is based on the 0.5m oz JV at Clontibret. But that particular deposit could be much larger as it is open in all directions and has not been fully drilled - it could be over 5 times bigger!
Also note that the rest of the CGNR sites - where they are targeting another 8.8m oz - are only given a value of US$9.2m as part of the price target (vs US$45.9m for the 0.5m oz Clontibret deposit).