Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
My opinion is 88e is following in their footsteps in providing BoD members with a lovely little earner
Once they were involved I knew I should have got out
wjmflp
Try not to be disingenuous Brom,
You know/understand I was just pointing out the type of co's our DW has got in to bed with previously
wjmflp
RMP?
Add 1 to the crew's list
or
just lean across the desk and say welcome
with rampasising on 88e but also cheerleading on RMP about how they are going to add etc. etc after the rights issue on RMP as well.
Guess who is doing that !
All the hallmarks of RMP
There used to be a poster called Oilriches - he/she reminds me a lot of the ramptastic crew here
Posting they had traded/sold after the crash in prices,
Talking direct with the MD (GB)
Saying they were 'in the loop'
Telling everyone how they had boosted their shareholding to enormous numbers on the strength of the 'jam'
More funding for salaries
The one thing that worries me more than anything is an MD signing off 'Cheers' which is posted on an anonymous BB
I have over 300,000 of these beauties and the BoD has just put their hands in my pocket for more funding.
Looks like a 14% reduction in what I already have to me in order to ensure their salaries get paid for the next 2/3 years
As I posted earlier, I am out at the most opportune point I can find
RMP all over again IMO
wjmflp
IMO this share is being held back v PMO for some reason.
With PMO currently at about 146.90 RKH should be in the region of 49p.
I still have this notion that at some point when we are about 1:4 with PMO a shot in the dark to buy us out will come.
We have held 1:3 with PMO for a very long time and it is now stretching.
Either there will be a swift re-rate of games will start
IMO
wjmflp
Can post all they like, at the moment this sp says:
Not Interested
and until there is a significant update this will languish.
Unfortunately if and when any good news arrives, the traders will decimate any rise from here.
It has fallen like a stone from near 3p when the second lot of bad news about IW2 was provided.
Apologists abound now.
Stuck and disappointed
wjmflp
Careful now Brom
The difference between I would probably accumulate and I will probably accumulate is massive.
Tuck your slip back up your skirt
Others can see your underwear now
wjmflp
Kerching
You really think you will get the rest of SeaLion for 200M
Think again - ridiculous
Even a plan B such as another co buying RKH for 2.5 times that will give them a leverage against PMO as RKH currently stands as 150 + 600 on the books
so for 500M a co can make 650 just by waiting out PMO
In fact if they out wait PMO they can get back 100% of sealion for inactivity
wjmflp
Ralph 2010
You haven't a clue
First of all the results are in $
Secondly they show $9m for H2 in the Falklands against $6m in H1 - what do you think that shows?
I am not going to explain any more
I think you need to move seats to another share in the room you share with others
wjmflp
It is a simple matter for me as a LTH:
Is the remuneration fair or is the BoD about to load the future in their favour and hedge their position at the expense of pi's?
All I am trying to establish is whether the PRP is fair or not
wjmflp
"The Company shall give notice to the Participant of the number and date of issue of the Performance Rights within ten (10) business days" of application (date singular)
It has for DW amnesic, up to 32M and date is the AGM
lol
wjmflp
amnesic,
Something isn't right so I have read and re-read the doc.
My belief is now that the total you & I are calculating is an individual award. DW gets 3 goes at it so only needs to get approx. 11m in each go to cap out.
The calcs we are doing are under Vesting which is to do with calculating the anniversary award.
There are 3 anniversaries.
If DW hits 32M at the first go then he cannot get any more in the next 2.
Therefore I see the 32M now as a final cap with the salary calc. as a minimum each award if nothing happens. So DW gets that much if the other 4 tranches bail out to zero but the sp gets better on speculation or something else. Either way he will get an award 3 times.
That's how i now see it
wjmflp
DW
1. Base Salary X 3 (being years covered by tranches) x LTI % (being 50%
for Managing Director) x 60 day VWAP of the 88E share price on ASX at
approval date;
or
32,000,000
2. 32,000,000.
Now let's assume that the VWAP running up to the AGM is 2c (just for ease of calc)
and assume DW salary is $500k it is given in document that MD LTI% is set at 50%
so calc of PR awarded is
500,000 x 3 x 50% x 0.02 = 10000 x 150 = 1.5m (60% tranche) as of todays vwap
if the sp VWAP gets to 50c it rises 25 fold so will be capped at 32M
I am not 100% on this so invite other opinions.
Again it seems that DW will get his 32,000,000 quite readily (with the other tranches just as readily - see 100M reserves uplift gaining 100% of that tranche)
wjmflp
IF I am correct (and happy for anyone who has another viewpoint)
Then DW is cemented at the VWAP 60 days prior to the AGM for the entire time in the scheme ! IMO
All others invited into the scheme will have their VWAP set at time of invite (60 day VWAP prior to invite date)
So expect other BoD members who are going to be invited to be invited pretty quickly in my opinion after the AGM
They will not want to be on a much higher VWAP than DW lol
Let's see
wjmflp
amnesic
By virtue of passing Resolution 1 the scheme is set up
By virtue of passing of Resolution 2
“That, subject to and conditional on the passing of Resolution 1, for the
purpose of ASX Listing Rule 10.14 and for all other purposes, approval is given
for the Company to grant up to 32,000,000 Performance Rights under the
Company’s PRP to David Wall (or his nominee) on the terms and conditions
set out in the Explanatory Statement.”
The invite is cemented?
wjmflp
Ahh amnesic
Looks like you are the only one paying attention to the discussion.
Yes I agree that the anniversary dates can be other than the AGM for others
BUT
FOR DW I think it is the AGM !!
What do you think lol
Regards
wjmfl
sabbatical put off for the day
I hate posting by the way
Apologies amnesic
seems even I have become a little confused but I have just read through the doc again in full and:
1. The doc quite clearly states there are only 3 anniversary issues to anyone
2. The whole of any issue is made up of 5 parts (60% share price & see doc for other 4 parts in diminishing %)
so I partially agree that the maximum incentive is to have any award made up of all 5 parts (although the sp is the lions share and easiest to establish for the awardee's)
What is of more concern, it seems to imply that the starting point (the rights issue date) is a 1 off date - the date of the plan adoption ie the AGM
Quote page 13
....The Share Price Tranche will be tested on each 12-month anniversary of
the Performance Rights issue ....
If this is so then starting at 1.15p means that the 60% lion's share is going to be easiest to achieve in my opinion
so the lions share v sp improvements from 1.15p
poo sneezes upwards a bit and hey presto - without doing much if sp rises a bit with it performance
Not for me
wjmflp
M2
I just checked my history
150 posts since 2015
1. Unlike you I believe I have NEVER used words indicating someone is not a genuine holder at any time since I started posting
2. I have never indicated any other poster is stupid or less intelligent than I am
However, you are running pretty close
wjmflp
definitely on a sabbatical for a while now