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I just feel like I have been shafted again, shares ripped away from me with no real say in the matter. So frustrating when you are looking long term, endure the the risks in the last few years then as the company grows and becomes more resilient it is ripped away from you without the SP reflecting the improved position. Whilst I will make a small profit, I stuck with this and am so disappointed that the offer doesn't even reflect the peak share price experienced when the outlook was not as bright / secure.
**** offer. considering it's going to be a record quarter and additional revenue in silver from h2. really disappointed with the bod they really had us hoodwinked about growing this company. they don't even need to do anything and this will be much higher than the offer price in 2 years. ad has let everyone down, a predatory offer and zero resistance. i couldn't care less if an ii wants a liquidity event, sell in the open market like the rest of us.
anybody voting for this amount needs to give their head a bang, 65p fair enough but 49p is bs.
Schrodingerscat nails it. The BOD acted disingenuously imo, buying shares while negotiating, and they should be transparent about the offers they have received personally in the EGM.
The House Brokersvneed to come out now and explain why the offer is so far short of the valuation for TRR they have arrived at. When a similar deal happened with Arix Bioscience, Peel Hunt resigned in disgust and eventually a fairer valuation was received.
Shareholders need to reject this offer, turn the heat up on the BOD and their ridiculous justifications (which shareholder in their right mind cares about liquidity versus actual price achieved) and give other companies interested in picking up these prize assets for a good price some belief that shareholders aren't just going to rill over and have their tummies tickled.
Reject this offer and either wait for our numbers to improve next year, after removing the Chairman, or for another more realistic offer to come in.
Look at this tone deaf tweet from management 10 mins ago
https://x.com/TridentPlc/status/1801298486597718513?t=0RcHSI6vLutz7u6Erdhxcg&s=19
They removed the tweet.
I'm so angry about this.
When is the vote,
No way do I agree to this deal, I made a long term commitment to the royalty Inome, its the foundation of my pension.
its the lowest valued royalty company. A bargain. Stolen.
Smart . I tend to agree. I bought in around the time of the IPO and have added since . Very disappointed. ATB
The consensus appears to be against this deal so any holder who doesn't want to see this happen has to play their part as abstaining is effectively voting in favour. It's easy to vote, just wait for the EGM announcement and message your broker with your intention to vote against the resolution.
Even our II's can surely see this is short sighted and if a takeover is indeed what they want then 49p is just not enough. Reject this amount because what have any of us to lose, liquidity is not something we need to worry about and if they really want to sell. Sell now while the offer is in play they can reduce their holding while the SP will hold up. Just madness really when revenue is growing year on year and will be in excess of $25M in 2027 (and that's being conservative).
Deterra doesn't even look that good on paper at all, barely mid tier royalty. The 2 directors moving over won't come out of this well, other than financially, they look like sellouts. Where a couple more years building out a portfolio successfully here could put them in contention for big jobs at a top tier. LSE is rife with this at the minute, selfish boards and weak share prices. It's a combination of things but the LSE is slowly being reduced to a majority of the dregs awash with zombies and never going to turn a profit share printing vehicles.
Raspberry PI has been the only positive news story in what seems like a long time I was lucky enough to secure an allocation as have loved the product from when I bought my first one 8 years ago.
I will be voting against. The deal simply does not realise full value.
GLA.
Looks like our Chairman has just sold half of his holding. Cynical I know but I wouldn’t be surprised if he wanted the liquidity for a divorce settlement! I hope that isn’t the case though- don’t wish anyone any ill (but am irritated at the deal out of the blue!).
Schrodinger, I have every sympathy with what you're saying but the issue for me is this: Having had a CEO/BOD who were waxing lyrical about their strategy, how they provided a great alternative to the challenging capital markets, diversification of the portfolio, etc, we now have a CEO/BOD who are warning us about the perils of going it alone, with all the permitting and the operational risk factors and the challenging capital markets and the meh and the meh and the meh (all self-serving rhetoric of course). But which BOD do you want to believe? Now they've essentially shown their hand and said "yeah, this might not be such a great idea guys, let's take the deal", why would you want to leave your hard-earned with such fickle, mealy-mouthed individuals?
I haven't sold my holding yet because I'm just trying to assess whether there might possibly be a better offer coming but I see there are a bunch of additional 8.3 disclosures today which I've not had a look at yet but which is no doubt more IIs throwing their weight behind the deal.
Damayhill they can say what they like but you could put a fish in charge now and we would all see good returns in 5 years. As long as the assets owned produce which Deterra offering $144M clearly think they will.
Listen to what people do not necessarily what they say. Lithium demand is growing year on year and yes it went silly prices last year but look at what we've paid for all of the current assets is this offer reflective of the material progress made across the board... is it balls. The BOD's strength is in sourcing new royalties, they can't do anything about the ones we have and ĺike I said earlier accepting an offer so meekly before you're about to post a bumper quarter and revenue building up to a strong second half just smacks of they want jobs at Deterra and screw everyone else.
My understanding is that the 8.3 form has to be issued by any person/institution who owns 1% or more of the shares in a company which has triggered takeover procedures. This has to be done within a 10 day period of this declaration.
I don't believe this represents any voting intent (although in this instance TRR have declared at least 28% of voting rights will be voting in favour of the takeover).
The form shows how many voting shares and how many shorts they also hold.
I'm happy for anyone to correct me if I've got the wrong.
Gourley (former Chair) resigned more or less immediately before deal announced - that might tell us what he thought of deal. Owned a lot of stock, invested continuously, including recently … I’m guessing he disagreed with group of shareholders who signed up with lock-ins.
It’s correct, awareness of who has what but no voting intent
Agree with general sentiments - a rotten offer - these type of companies, like Ecora, are good ways to buy miners without so much single risk and you put them in the 'draw' and forget about for a few years.
The price was over 50p not that long ago + It's always suspicious when management just accept the 1st offer - especially one thats hardly generous.
I will vote against and small hope they fail to shaft us again.
This taking out of undervalued UK companies is the biggest danger to our stock market. Having been investing since the 70's I've always held that value will out in the end - but nowadays the prices offered are often below their pre-battered intrinsic price!
I held and built my stake over the past 3 years built on my confidence in the CEO plus it was a commodities royalty company with lithium and dividends to look forward to. The fact the CEO has decided to sell means that one of my reasons for buying is saying sell. If we sell then i also lose metals from my portfolio so will have to re balance.
Im completely in the dark as to the way forward when the one man who should know has kinda contradicted everything he said in the last trading update i.e. the game changing Thacker Pass royalty!?
Not sure the CEO has control over the decision to sell. I think it's the BODs who makes the call.
I often wondered why the sp never reflected in the true value of investments.
I just could never get my head around it.
Sorry to say I have sold, small profit.
I hope you guys can vote against it..very low offer imo.
Does anyone think there's someone (or several someone's) out there buying up stock to solely influence the percentage of either yes or no votes?
There's a fair few sells, so someone is still buying...
Hi there- I was wondering the same. Plenty of volume since the Deterra news and some of the RNSs since indicate recent purchases and sells. No idea what it means but suggests to me that a lot of people are at least watching this! The IC article encouraged me that another bid could appear but I’ve watched some of ST’s recommendations in the past and honestly, who knows.
I still haven’t seen any information on when or how to vote- have I missed it?
RNS 13th June
"Further details of the Offer, including an expected timetable of key events, will be contained in the Scheme Document which is intended to be published, along with notices of the Court Meeting and General Meeting and the Forms of Proxy, within 28 days of the date of this Announcement, unless Trident and Bidco otherwise agree, and the Panel consents, to a later date."
So nothing missed as of yet..
I think Adam Davidson & the BoD have also caved in because of the disappointing performance of the Share Price. I mean, just 8 months ago, the SP was dwindling around a ridiculously low 30-35p (which is when I filled my boots) and AD & the BoD were expecting it to be hovering around 85p by now. I suspect they’re simply fed up of waiting, as well as getting nice jobs in Deterra.