Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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What's the time frame on this to buy out if ever this gets to fruition.
The suspense is awsome it's been a long time waiting for this one to come good.
The change of this to become awsome is killing me .
Your thoughts please would be adding to it but I cant help but think how far this can go on information so far
Thanks for transcript JDAU... it brings it all back from this afternoon's listen.
A note on Manica, Africa and delays. Some naughty poster today did mention that all other projects have been plagued with delays in the past. This is true. The recent placing at 4.5p (lol) has given CB the funds to get past slow progress on Copper/Zambia and Manica Gold is at the proper starting tape....
So, all eyes on Bushranger naturally, but there are other good things coming. The 'other' poster ascribed 2p to the 'other projects' using the metric of.... 'history'. The metric of 'the future' will double or triple that WITHOUT Bushranger.
Perfect Storm.
JDAU, yes I was aware. But options are a little bit different to pulling your wallet out and buying more on the open market...
I’m glad Colin has skin in the game too. Board members don’t always. It was impossible not to detect the quiver of excitement in his voice that was perfectly real and genuine. Thing is if you go back through the various interviews prior to the start of Bushranger drilling (sorry I can’t remember exactly which one) he more or less predicted this would happen. That they had a porphyry and it’d go 1000m length. He was that confident.
Naughty me...
Re the quote in my post, ref: https://www.lse.co.uk/rns/XTR/directorpdmr-shareholding-yu8s1xpl1166kvb.html
From collin "size is world class"
...you realise that "£60k of his own money on the line" was actually a circa £58.3k purchase adding 1m shares to his TOTAL HOLDING which is now 11,532,266 Ordinary Shares. At todays closing price of 7.5p I make CB's total holding worth circa £865k.
"Xtract Resources (AIM:XTR) announces that it was informed on 25 February 2021 that on the same date, Colin Bird, Executive Chairman of Xtract, acquired 1,000,000 ordinary shares of 0.02p in the Company ("Ordinary Shares") at a price of 5.8373p per share. Following this transaction, Colin Bird is interested in 11,532,266 Ordinary Shares representing 1.57% of the issued share capital."
In normal circumstances I take CEO interviews with a pinch of salt, but when the mans got circa £60k of his own money on the line its a different ball game.
Scarily positive interview, not sure reality can live up to some of that but I'm certainly happy to be proven wrong! He is surely talking about a SP of 50p+ prediction if all this comes true (with the copper and gold)
Evening all, just thought I'd transcribe some of the key points from todays interview:
@4.30 mins: “lets just simply Imagine a cube, 1000x1000x1000, turn that to cubic meters and multiply by the specific gravity of around about 2.7 - that’s a whopping great piece of rock, so I think we’re past ‘is it big / isn’t it big’….”
@5.45 “These things aren’t cubes, these things are generally cylindrical, I see on the board they’re talking about multi porphorys, I can’t help but agree with them - we’ve seen several different types of apparent cores, so if you get different types of apparent cores by definition you’re probably talking about multi porphyry systems, so, Zac, it’s certainly big…”
@ 6.50 mins "Interestingly this is looking big enough to be able to fly on copper, so you can imagine, if the gold, when, lets all say when (chuckles) , when we prove that the gold is present in sufficient quantities then that's going to enhance..."
@ 8.28 mins “we’ve got a nice portfolio.. good lord when that Manica Project comes in it’s going to be producing nice earnings, as is the the associated alluvials and smaller hard rock situations, as is Zambia with its’ copper projects, so it is a kind of conglomerate.
@ 9.00 “(Laughs at Zac) I wouldn’t say there’s 4p for bushranger, you’ve only got to go across the road(?) and look at Boda who’s our next door neighbour - and our geologists are convinced we’ve got a better subject than them - they’ve got a market cap of 400m (corrects himself) 500m Australian dollars.”
@9.35 re bushranger “Recognise that it would transform any company, in Toronto, In London, in Australia - What we’re talking about here is not just another discovery, we’re talking when we talk bushranger, we’re talking about, like I say, this is the Melbourne cup, and we’ve got a front runner Zac.”
Ref: https://www.share-talk.com/colin-bird-executive-chairman-xtract-resources-plc-xtr-l-interview-10/#gs.uzeudv