Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Should get q1 activities update next week , prob Thursday. If not defo following week.
Usual caveats
Trek
Copper futures over $10k/ton
$13m income this year, costs are a million or so. Gold and copper price helping.
I hope they spend it soon, but if they feel the need to start making dividend payments it would help the share price.
Suthy yep deffo an idiot. So it's going to go below IPO even though revenue has grown 10 times since and they are cash positive and still growing? Also every single company listed on the stock exchange even banks have credit facilities.
The base case for Thacker pass is $11M in phase 1 doubling to $20M in phase 2 for 40+ years. This is not including any of the other assets maturing into production.
Why even post if you are waiting for 15p, it's never going to get there. They should have an additional $2M - $3M in revenue this year compared to 2023 where revenue we know had grown $2M compared with 2022. Muppet.
Should get there at some point
These purchases are hardly worth it
Revolving credit facilities. Seen it all before . It’s all a red getting . Be careful here
Here’s a chart!
https://www.visualcapitalist.com/u-s-debt-interest-payments-reach-1-trillion/
Phew!
Trek
I see MS is still as passive aggressive as ever.
Trek it's a fair question but comes from an idiot.
Why would they raise when they have $19M in cash? Unless it's a value accretive deal the board would not countenance it. 10p no chance.
In terms of Cash Flows they appear to have been marginally negative when taking into account the previous fully drawn loan interest payments, but now appear to be positive based on increased revenues and the lower interest cost on the new facility. Will see if YE 2023 reflects this but reality is we are not going to see that properly reflected until 2024 first half is reported. Q2 will also have 2 additional revenue streams added in a gold offtake and silver surface material processed which then starts a 12 month countdown of an $8.75M milestone payment. So basically nobody need worry about cash.
Would be nice of a new deal announcement soon, we have been treated to and have become used to lots of deal announcements, so through 2023 and 2022 but so far 2024 has been quiet.
‘ How is the cash flow here...?’
I don’t understand the context of the question. Aren’t you supposed to DYOR before considering an investment.
Trek
Trek. I added more this morning.
IMO only TRR has one of the best management teams also has great PR. Keeping present & future investors in the company informed via Video interviews etc. I don't do Arguments & will not take the bait. DYOR.
Kwale. Mineral Sands Royalty.Base Resources.Kenya.Mineral Sands. In Production.Trident owns a 0.25% free on board (“FOB”) revenue royalty .
Equinox Gold. Los Filos. Offtake. Equinox Gold.Mexico Gold. in Production. Trident owns an off-take for 50% of the gold produced at Equinox Gold’s Los Filos Gold Mine up to 1,100,000 delivered ounces.
Equinox Gold RDM Offtake Equinox Gold Brazil Gold in Production. Trident owns an offtake for 35% of the gold produced at Equinox Gold’s Santa Luz, Riacho Dos Machados (“RDM”), and Fazenda Mines up to 658,333 delivered ounces.
Equinox Gold Fazenda Offtake Equinox Gold Brazil Gold in Production.Trident owns an offtake for 35% of the gold produced at Equinox Gold’s Santa Luz, Riado Dos Machados (“RDM”), and Fazenda Mines up to 658,333 delivered ounces.
Allied Gold Offtake Allied Gold Ivory Coast Gold in Production.Trident owns an offtake for 50% of the gold produced at Allied Gold’s Bonikro Mine with no production or time cap on delivered ounces.
Blyvoor Gold Offtake Blyvoor Gold South Africa Gold in Production.Trident owns an offtake for 100% of the gold produced, less any applicable streams, at Blyvoor Gold’s Blyvoor Gold Mine up to 2,700,000 million delivered ounces.
Victoria Gold Offtake Victoria Gold Canada Gold in Production.Trident owns an offtake for 25% of the gold produced at Victoria Gold’s Eagle Gold Mine up to 1,111,500 million delivered ounces.
Koolyanobbing Iron Ore Royalty Mineral Resources (ASX:MIN) Australia Iron ore in Production.Trident owns a 1.5% Free on Board (“FOB”) revenue royalty covering part of the producing Koolyanobbing Iron Ore Operation in Western Australia.
Mimbula Copper Royalty Moxico Resources Plc (Private) Zambia in Copper Production. Trident owns a 1.25% Gross Revenue Royalty (“GRR”) over all copper produced from the Mimbula Mine in Zambia, which is operated by Moxico Resources Plc.
Equinox Gold Santa Luz Offtake Equinox Gold Brazil Gold in Production. Trident owns an off-take for 35% of the gold produced at Equinox Gold’s Santa Luz, Riado Dos Machados (“RDM”), and Fazenda Mines up to 658,333 delivered ounces.
Equinox Gold Greenstone Offtake Equinox Gold Canada Gold in Construction.Trident owns an offtake for 100% of the gold produced up to 58.5koz p.a. at Equinox Gold’s Mercedes Gold Mine and Greenstone Gold Project until March 1, 2027.
i-80 Gold Offtake i-80 Gold USA Gold in Production.Trident owns an offtake for a fixed number of ounces of gold produced from i-80’s Ruby Hill, McCoy Cove & Granite Creek. 40,000 oz per annum due between 2024 – 2028.
Thacker Pass Lithium Royalty Lithium Americas Corp USA in Construction.. Trident owns a 60% interest in a 1.75% gross revenue royalty (1.05% net to Trident)
TRR ha
Mozzy,
The thing here is the uplift in metals prices is just not in the guidance. POG could go back below 2000 and TRR will still exceed numbers. Same for copper.
Best to load up before next results, esp now the 100k seller seems to have moved on!
Usual caveats
Trek
Yes, there is a placing tomorrow, and 10000000000000000000 shares are going to be issued at a price of 0.0000000000000000001p.
The directors, who gave made 8 separate share purchases on the open market since the start of the year, will look like fools.
I'd better sell up now. Thanks for your concern.
How is the cash flow here...?
I am concerned about cashflow....is there a placing on the cards. I will buy in at around 10p
This is why I like commodity Royalty Companies . when a commodity is down in price or out of favor, another commodity is up in price and is flavor of the month. TRR is very diversified with its assets and metals & bringing in good cash for the company . Gold.Copper. Lithium.Silver. Mineral Sands etc . Also Royalty company's don't have the overheads that come with owning the actual mine. Even if a mining company gets sold or mining company goes under.Royalty company still owns the Royalty on that mine & land for ever. IMO only & DYOR. Gold & Copper price in a good place, as of today April 18-2024
CU now $4.41 per lb
With Copper at 2 year high TRR is looking very good
Copper Futures - May 24 (HGK4) $4.3418
Thanks MS. I believe Moxico are looking to list this year, so that'll bring more attention to the Mimbula asset. The problem with unlisted companies is that they don't have any reporting obligations
Copper (Comex) .... USd/lb. $434.75+$9.45
TRR Asset...In production... Mimbula Copper Royalty.
Trident owns a 1.25% Gross Revenue Royalty (“GRR”) over all copper produced from the Mimbula Mine in Zambia, which is operated by Moxico Resources Plc.
TRR owns....Advanced Antler Copper Royalty
Trident owns a 0.90% net smelter return royalty (‘NSR Royalty’) over the Antler Copper Project, operated by New World Resources, located in Arizona, USA.
Pukaqaqa Copper Royalty
Trident holds a portfolio of three existing royalties over the Pukaqaqa Copper Project, an advancing copper asset located in the Huancavelica region in Peru.
Likewise figures distorted by cancelled or amended trades, in the case of an amendment , it will show up as 3 trades on 3rd party sites , original , canc/amnd and finally the correct print, all carrying the same time stamp. On 3rd party sites those will be seen with a HYPHEN - prefix against , usually price/volume/cost.
Only those involved in the actual trade, ever know the true status of any transaction. 🙄
As previous , unknown just chokes , nothing to do with dark arts , black trades or mm hocus pocus, that's just traders skimmers and scalpers pumpers excuses to suit their agenda. 🙄
Trades which is all the real exchange prints are mislabelled in both directions on most shares, what you see on 3rd party sites like this one ,is their rehash of the original exchange trade, trying to be helpful with trends ratio's etc, with a BEST GUESS on all.
Zero to do with MM/Market just a really dimbo Algo GUESSING , its as simple and tragic as, based on what IT thinks is the current range and mid price.
All above BUY , never the case, all below SELL ditto and all it chokes on , exactly on its mid, delayed trades , or now seen outside of its range = UNKNOWN, that popular button we all push daily. 😉😂