Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Nothing to worry about here, the markets are down, volumes are low. Come back next week for another game of bulletin board bingo:
1. Top Up
2. Ramping
3. THE RNS
4. Read the RNS
5. Oversold
6. Manipulation
7. Green Box
8. Alexei Sayle (still cracks me up)
9. Strategic options
10. Non-binding to binding
Cornish, this is by far the most interesting thread on here at the moment during a time of little other action. It’s great that a few good people are investing time and energy into the numbers behind the murky world that is AIM.
Try applying yourself to something.
I view the RNS as very positive for WK operations, clearly. The upcoming flanks application approval will only add to this.
This RNS wasn’t an update for the FSP but the last lines about progressing strategic options available for EUA I took as some sort of part investment / JV / split sale approach. I’m probably reading too much into it but with WK holding its own then “strategic options” is an odd phrase for a full sale intent.
Only thoughts... either way a really positive RNS and we should see some uptake on the SP this week.
It’s the £35 question Mac and one a few of us align with;
either we all know something the rest of the market doesn’t,
the risk is still perceived as quite high for this investment,
or the market don’t think the sale is going to happen soon so their funds are elsewhere for the time being.
It’s an interesting predicament but one I think most of us are willing to see through to at least a transactional decision.
Bring it home EUA!
Just catching up on last week and those final small out of hours trades for 30.30p are at least 1p more than the trades preceding them just before the market closed.
We’re those trades actually made earlier in the day when the price was in that ballpark, or are they just the annoying trades that will make us red tomorrow first thing when we open at what I’m guess will be around 29p?
.... unless of course we open at 100p!
Great post Broxburn.
Look like NN didn’t renew their subsoil license due to “unfavourable economic conditions” in 2016. So read into that what we will, but with NW PGO rolling in with a subsequent >5,000m of drilling to reveal an estimate of 336 tons of Palladium and Platinum must be painful to watch.
Correct Steelbee, but we don’t like facts disrupting a good story!
Great day today all, let’s see what tomorrow brings, maybe Elon will drop a Tweet stating how important PGM mining is to future EV vehicles.
Good luck all
I must admit it’s almost impossible these days to find useful / interesting posts on here due to the shear volume of spam, relentless cut and paste, dated links, etc. I sometimes feel that it’s a war time propaganda operation.
As a couple have mentioned this morning, any new investor (and I include myself in that) should be basing decisions on factual information from RNS releases, official resources, and reputable outlets, combined with a little gut feel and risk assessment. Even some of the EUA website and presentations need to be taken with a little pinch of salt, it’s currently all there to support a sale and Dmitry is the head of sales responsible for making the company as sellable as possible.
We all have our views on why this is taking so long but my opinion (which is all it is) is that the potential buyer(s) are still going through a mountain of due diligence and demonstrably proving to themselves, using their own tools and resources, that what EUA are stating is well supported. I don’t think due diligence will have been carried out in detail to produce none-binding offers unless other have evidence contrary to that.
This is an exciting opportunity for us all, but in my view still presents a risk, supported and reflected in the current share price. Like most, I’m here to the outcome of the sale process at the very least, and positioned in a way that should we be unfortunate not to see the fruits of our investment it doesn’t impact life a great deal. I’m also here because I expect, based mostly on what I’ve read outside of this BB, a larger return on my investment in the next few months.
Fingers crossed all and many thanks to the few members here that provided really useful daily trade insights (e.g Travis), excellent stone turning bits of investigation, and Ian, Tilly, JT who together provide a little camaraderie amongst us.
ENDS
(Copying what HRH here, she knows how to weather a storm or two)