The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
That’s the offer for TRIN. It’s a cracking deal. Lots of synergies and hedged prod.
Trek
Firstly at 61.9p I don’t think that’s too rich. Pheeew!
But if I wanted trinity I’d have bought their stock!
It does though show our robust revs will amortise the acquisition comfortably.
Other than that I have to look through here and TRIN RNS’s later in more detail.
Usual caveats
Trek
Mmmm…. Perhaps they can take their quota of immigration!
https://www.visualcapitalist.com/ranked-the-top-20-countries-in-debt-to-china/
Trek
I sold mine at 25.05 from around 17p. Chart looked toppy. Like you say I expect others have taken profits as well. It’s up strongly from 16p in a relatively short time.
Added elsewhere with view to coming back here later.
Trek
Well I am starting to have concerns about PB. He is supposed to be an experienced director.
I have doubts about the in country relationships. Don’t think anything is bad not in the slightest. I just think his profile and contacts aren’t what they could be. He needs to get his hands dirty and drop his other distractions. This arms length management is bs!
On a positive when I start to have my own doubts it’s usually a turning point and I am not selling these now!
Usual caveats
Trek
Absolutely but I do get vexed when they always underestimate the time needed. Just add a couple of weeks on so you don’t have to keep coming to market.
Now we get a intra day RNS either with results or another delay!
Trek
Deltic update today….
This in an update from Deltic today re UKCS (I don’t hold).
It shows why even Nigeria is so much more appealing fiscally and regulatory!
Meanwhile the UK will pay more for imported energy including transition fuels like gas from Russia and support that with coal and further US/Qatar HC imports as its ‘greener’ than using UKCS and in parallel generating an internal transition economy with uk jobs and paying uk taxes.
Oh I have zero political allegiances they are all imo useless!!
“ The feedback from Deltic's Pensacola farm-out process has indicated that the continual tinkering with the Energy Profits Levy and resultant fiscal uncertainty created by the current government, along with recent rhetoric emanating from the Labour Party, have had a severely negative effect on the ability of UK Exploration and Production (E&P) companies to commit to long term investments in the North Sea. This has resulted in many operators diverting capital away from the UKCS or delaying investment decisions, especially with respect to new large-scale opportunities like Pensacola.
Against this hostile political environment, and despite the Company's best efforts, Deltic have not yet been able to secure a farm-out partner for Pensacola and although there are a number of live discussions with respect to a way forward on Pensacola, there is a risk that a farm-out may not be secured before the end of May 2024. We remain of the view that Pensacola represents an excellent value-driven opportunity for the right partner and would be willing to engage with any additional potential partners.”
Trek
I bought back my 20%. Lost a couple hundred quid. Can’t win ‘em all!
Anyways as an aside. This in an update from Deltic today re UKCS (I don’t hold).
It shows why Nigeria is so appealing fiscally and regulatory!
Meanwhile the UK will pay more for imported energy including transition fuels like gas from Russia and support that with coal and further US/Qatar HC imports as its ‘greener’ than using UKCS and in parallel generating an internal transition economy with uk jobs and paying uk taxes.
Oh I have zero political allegiances they are all imo useless!
“ The feedback from Deltic's Pensacola farm-out process has indicated that the continual tinkering with the Energy Profits Levy and resultant fiscal uncertainty created by the current government, along with recent rhetoric emanating from the Labour Party, have had a severely negative effect on the ability of UK Exploration and Production (E&P) companies to commit to long term investments in the North Sea. This has resulted in many operators diverting capital away from the UKCS or delaying investment decisions, especially with respect to new large-scale opportunities like Pensacola.
Against this hostile political environment, and despite the Company's best efforts, Deltic have not yet been able to secure a farm-out partner for Pensacola and although there are a number of live discussions with respect to a way forward on Pensacola, there is a risk that a farm-out may not be secured before the end of May 2024. We remain of the view that Pensacola represents an excellent value-driven opportunity for the right partner and would be willing to engage with any additional potential partners.”
Trek
RNS link won’t open here…..
“ Trident Royalties Plc (AIM: TRR, OTC: TDTRF), the diversified mining royalty company, will announce its Q1 2024 Activities Update on Tuesday 7 May 2024 at 07.00 BST.”
https://www.londonstockexchange.com/news-article/TRR/notice-of-q1-2024-activities-update/16446195
Trek
A better article from the BBC. About time these state back companies were held to account and the corrupt indigenous governments that support them called out!
https://www.bbc.co.uk/news/world-68896707
Trek
There’s no significant increase in revs from IB. Given that its software has been embedded in our OEM Kit I have no idea from the financials wtf TB doing for it! Revs are actually down!
This still a jam tomorrow story with chances of high returns that hooks investors in!
Usual caveats
Trek
I still say this is going to £15.
And that’s basic chart and momentum analysis.
£15 was the bounce back before the drop.
It’ll get there imo.
Having traded this pretty well I have no problems reinvesting divi’s in here. It’s recovered from the short term pullbacks, now ignored the shorts and we have some insti interest at last!
Usual caveats
Trek
From Brave AI…
“ Overlift oil and gas refers to a situation where the amount of oil or gas produced and lifted (removed from the well or field) exceeds the amount that is entitled to a particular party or entity, such as a joint venture partner or a government agency. This can occur due to various reasons, including:
Efficient lifting arrangements: In some cases, it may be more practical for a party to lift a full tanker or a certain quantity of oil or gas, rather than a proportionate share of the total production.
Imbalances in production: When the production of oil or gas is not evenly distributed among the parties involved, overlift can occur.
In the context of oil and gas production, overlift can have financial implications, such as:
Creating a receivable for the party that is entitled to a larger share of the production
Requiring the party that is entitled to a larger share of the production to pay for the excess production
Affecting the revenue and profitability of the parties involved
For example, in a joint venture, overlift can occur when one party lifts more oil or gas than its entitlement, resulting in a receivable for the other party. Similarly, in a government’s share of profit hydrocarbons, overlift can occur when the government’s share of production exceeds its entitlement, resulting in a receivable for the joint venture parties.”
Main thing was guidance is towards upper end. We just get paid later!
‘ Production averaged 49,258 boepd, down 4.8% on prior period (3M 2023: 51,720 boepd), but 5.7% above Q4 2023 production, and towards the upper end of 2024 guidance (44,000 boepd - 52,000 boepd)“
All said I took 20% off this morning after they had had a good run. I intend to buy them back just hoping for cheaper.
Should have done Friday really as results day often disappoints but I thought just maybe after all the media news we would have had something more concrete on the divestment.
Anyways I was offered a price for 50k. It’s previously been NT to sell this time of day. So there is likely a background buyer still which should put a floor under the SP.
Usual caveats
Trek
Well done mick, likewise I watched it but never invested.
Fabulous move of late - couldn’t make it up!
Trek
i think they just carry their losses and probably sell winners to pay off loosers in the hope they average out in profit. i note dark shorts (i don’t hold) opened a few days before a nod was announced and the sp went up 16%! ouch!
they do get them wrong! but like here shorting at the bottom of the chart with sales volumes coming through and hedged production has proven to be an absolute howler!
but what an opportunity it’s been for some and still is imo!
no reason why this can’t follow the other side of the ‘bathtub curve’ back up now. improved margins can have an exponential impact of the sp. you only have to look how commodity stocks like gold, copper, cobalt etc react to improved prices to see that.
i think we will make our way back to £15 here which is the start of the decline and gave a false top in november before the sp steeply fell.
i topped up at 1091 to hold and some at around 1083 in another account to trade. i am pretty confident this will claw back to £15 and go way higher over the next two years (************* interview) when the abs’s close as that cashflow from longer life assets will be free of debt payments. the market will then appreciate the full cycle of rusty’s amortisation model.
usual caveats
trek
Lol wrong one!
Trek
Cracking news at mast today. Real revs tiny mcap.
Usual caveats
Trek
Well done broomtree!
Not only that I am sure I can smell something burning!
As well as pants on fire! lol!
Trek
Should get q1 activities update next week , prob Thursday. If not defo following week.
Usual caveats
Trek
It’s why I held pxc, porphyry deposit in USA. But no point if they have run out of cash!
Once they get finance sorted that’s time to buy imo or you could have a foot in the door to build from. But I expect an equity raise ahead of bond financing.
Fab geo though, huge! Copper, gold, silver, moly etc
Usual caveats
Trek