Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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Quite right ,they may well have enough resources already to keep the second mill running for many years. They certainly would not have bought a second mill, had this not been the case.
Cora shareholders are quite clear, they are prepared to finance another profitable mine, should any company wish to buy them , it will cost them. Hummingbird win win. Getting my party hat ready.
GB why would they not use the drill results to extend the life of mine if they have spent millions getting them?
I understand that they could buy other assets etc but would these not be to extend LOM in addition to the extension calculated from the drill results. Otherwise why spend the money on drilling?
let me be clear on the issue i see with communication. The management said they would deliver LOM update in Q1, then by end of July in the last meaningful trading update. Ok, we all understand the company wants to get it right. BUT....as a listed company if you say you do something by X date, you either comply, OR update market with new date, no date, an excuse etc.
The fact the company responds to incoming PI calls whilst nice, does not negate the need to use the normal formal channels of communication. What it looks like to outsiders is that the management dont have a strategy are simply bobbing along, as no one will give them a hard time. Reputation is built over a consistent time period. Post bunker hill et al, I would have though DB would have got the msg and reported back on the dates he himself sets. That is the issue I'm raising.
No we do not all agree Q3 production will show the quality of management and the video shows what has already been achieved. Bert answers emails unlike some companies. He has told me the reasons regarding LOM, why announce figures until you are sure which direction serves us best.
They are aware that the information is taking longer to study than previously suggested.
It is not a question of wether the LOM can be increased but how it is best from the numerous options, as we are now generating the cash required.
dropinmonkey unless their is some major improvement that they feel they need to get right. That's why I think if there is "only" a 2-3 extension it will look very poor with such a wait but if somehow they come out with something like an 8-10 mine life increase then I think the delay would be acceptable but radio silence in the meantime seems symptomatic of DB but only time will tell.
Does it really take 3 quarters to get things worked out.....no. This is the problem, management reputation continues to be the headwind on this HUM. I think we all agree if there was a change of management the stock would fly.
Originally due in Q1 but hopefully it will be well worth waiting for!!
you said that in July.....which month or year will we hear the update?
There are a few different ways of improving LOM.
They can dig deeper, dig in other areas that they already own or purchase e.g.Cora.
All could have to wait as we have current production already lined up.
The reason why not already announced, is management want to be sure we get the best option.
Not long to wait.
Personally I think a really good Q3 will help but don’t see a re-rate till LOM extension (being more than just a few years) and/or a second mine to move away from being a single mine operation THEN I think we could see a SP re-rate.
https://www.youtube.com/watch?v=ajdSueEbBbE
This is pointing to a very good Q3 and potentially a re-rate to the SP in the coming weeks.