Ann: Recommended Cash Offer to Acquire Trident Royalties Plc, page-21

The Australian royalty company on Friday reported a roughly 18% increase in total costs for the first half of fiscal 2024, citing an increase in business-development expenses as it assessed more growth opportunities in detail than before.“We’ve come back after the Christmas break and picked up right where we left off in terms of the level of effort and the number of opportunities we see,” Chief Executive Julian Andrews said in an interview with The Wall Street Journal. “We’re as busy as we’ve ever been.”

The increase in costs in the last fiscal half was in big part due to Deterra bringing in external technical and legal expertise to assist on advanced assessments, he said. Deterra is seeing “probably three or four opportunities a week on average,” although many can be quickly eliminated as they don’t fit the company’s investment criteria, Andrews said.

------------ From WSJ on 16 Feb 2024

3 or 4 opportunities a week on average? That's 0.8 opportunities a day for a whole company of people to review with external technical and legal expertise. And you call this busy? And you still need a Christmas break? Working for this company is like having a Christmas break EVERY SINGLE WEEK! After we tolerate with this absurdity for all these years, now this is the thanks we get?!

The board and CEO are not idiots. We, the shareholders, are the idiots. They need to be sacked ASAP!