GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I agree but the market price is the price.
Part of the problem is a general risk off due to interest rates and precious and industrial metal commodities are under pressure as well due cash/treasury yields and China Evergrande etc.
Also TRR is listed on AIM and that as far I'm concerned is a circus!
I'd buy more but have too many already!
GLA
I dont understand the low sp...perhaps the market doesnt understand what the companys potential really is....
Not surprisingly, more interest today...
Https://www.thisismoney.co.uk/money/investing/article-12552239/MIDAS-SHARE-TIPS-UPDATE-Lithium-powers-Trident-Royalties.html?ico=mol_desktop_moneymarkets-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Fmarkets%2Findex.html&_ga=2.157289596.758025479.1695542255-1504148608.1637757497&_gl=1*tlnvmd*_ga*MTUwNDE0ODYwOC4xNjM3NzU3NDk3*_ga_XE0XLFFF16*MTY5NTU0MjI1Mi40NC4xLjE2OTU1NDIyOTUuMC4wLjA
Two analyst notes out yesterday plus a rising commodity market with Gold at $1965 & Silver at $23.8 yet TRR drops 2% to 43.5p
TRR is around 5% of my portfolio tempted to add but maybe I'm in enough here as if does hit 80+ it'll be 10% of my portfolio!
GLA
"The royalties over the La Preciosa project provide Trident with exposure to one of the largest undeveloped primary silver resources in Mexico, noted analysts.
Stifel observed that post-interim momentum has persisted with subsequent acquisitions, including the Dandoko gold project in western Mali and the Paradox lithium project in Utah, which offer “potential for near-term revenue”.
Challenging equity and debt markets increased the attractiveness of royalty financing, noted analysts, giving Trident a 'BUY' rating with an 85p price target against a publication price of 46p.
Liberum analysts echoed the above sentiment, stating that Trident is in an “excellent position to sign more deals, with rising cost of finance making royalty financing increasingly attractive”.
Liberum also has a 'BUY' rating on Trident stock, with an 81p price target."
https://www.proactiveinvestors.co.uk/companies/news/1026944/trident-royalties-savvy-dealmaking-underpins-analysts-optimism-1026944.html
Revenue in six months to June 30 rises 44% to USD4.5 million from USD3.1 million a year earlier.
Swings to pretax profit of USD5.7 million from loss of USD800,000.
Swing to profit helped by USD7.0 million profit on disposal of intangible asset, rising markedly from USD1.9 million in 2021.
"Trident has continued to see material advancements at several key assets, with permitting decisions resulting in the commencement of construction at the Thacker Pass lithium project. Deal flow is now accelerating. The La Preciosa transaction completed during the period was then swiftly followed by two deals post-period. All three transactions have enhanced the diversity of our portfolio and are set to contribute to our growing cash flow," CEO Adam Davidson says.
HIGHLIGHTS
· 45% increase in royalty receipts in H1 2023 compared to H1 2022, with further growth expected in 2024.
· Sale of several pre-production gold royalties with cash proceeds of up to $15.6 million and a 140% return on invested capital.
· Solid progress across the portfolio, including the Thacker Pass Lithium Project which is now in construction.
· Completion of the La Preciosa acquisition, providing Trident with exposure to silver, further increasing the commodity diversification of our portfolio.
· Post period, the announcement of two further royalty acquisitions over the Dandoko Gold Project in Western Mali, and a royalty over Anson's flagship Paradox Lithium Project in Utah.
· Admission to the OTC Market in North America, improving investor accessibility and strengthening Trident's presence in the US.
Adam Davidson, Chief Executive Officer of Trident commented:
"Trident has continued to see material advancements at several key assets, with permitting decisions resulting in the commencement of construction at the Thacker Pass Lithium Project. Deal flow is now accelerating. The La Preciosa transaction completed during the period was then swiftly followed by two deals post-period. All three transactions have enhanced the diversity of our portfolio and are set to contribute to our growing cash flow.
It has been a solid start to the year and the Board and I eagerly anticipate sharing further updates as the year progresses."
US committee recommends royalties on minerals for EVs in sweeping reform proposal
https://www.mining.com/web/us-committee-recommends-royalties-on-minerals-for-evs-in-sweeping-reform-proposal/
They appear to be about 30km apart, if I have got the right place.
https://www.google.com/maps/dir/McDermitt+Mine,+Nevada,+USA/Thacker+Pass,+Nevada,+USA/@41.767597,-118.2199574,10z/data=!3m1!4b1!4m13!4m12!1m5!1m1!1s0x54b49221ba19a07b:0xcc8bd7813f668b6d!2m2!1d-117.8123665!2d41.91878!1m5!1m1!1s0x54b4de728714d627:0x87a76d8380de6e14!2m2!1d-118.0729281!2d41.6998969?entry=ttu
Scientists say they have discovered the largest lithium deposit in the world inside an extinct volcano in the United States, capable of meeting global battery demand for decades.
Volcanologists and geologists reported evidence of the McDermitt caldera on the border of Nevada and Oregon containing up to 120 million tonnes of lithium, holding the potential to disrupt the price and supply dynamics of lithium globally.
Mining could begin as early as 2026, according to geologists at Lithium Americas Corporation, who made the discovery alongside GNS Science and Oregon State University.
https://www.independent.co.uk/tech/lithium-volcano-battery-electric-cars-b2409045.html
Thacker Pass is in the middle of the biggest lithium deposit on the planet. 3x the previous biggest, in Bolivia.
Gold Price up at time of writing.
Silver. Up at time of writing.
Cooper. Up at time of time writing.
All above and other commodity's brining in good cash for TRR.
Https://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=5&vw=own&SecurityToken=0P0001EPPX%5D3%5D0%5DE0WWE%24%24ALL&Id=0P0001EPPX&ClientFund=0&CurrencyId=BAS
This new investment and Blackrocks World Mining Trust (that I also own) take institutional mining funds to near or over 50%.
Professionals obviously get the TRR strategy.
Good management shall always prevail in time. As with TRR.
Nothing wrong with Trident, in fact the company is growing at a steady , well thought-out and diligent pace & with a management keeping investors and would be investors well informed regularly. I am not a day trader & don't do arguments on here. “ Any fool can criticize, condemn and complain and most fools do.”. Good informative discussion needed on here. I have been here from beginning & could of sold at 60p but I know better than to do that. I take responsibility for my own actions & if I get it wrong,not just here but also in life. I get a good night sleep and start over the next day . DYOR people.
Yes just watched Adam Davidson video..he seems a well grounded sensible kind of guy..but as with a lot of new aim quoted companies the sp can be a bit up and down....the jam tomorrow is pretty certain though...dyor etc..
I Think it is a Jam tomorrow company and cake and champagne for those you have the time and patience to load up and wait. IMHO
TRR is on course to be a stonking investment
Yes there will be 15% dividends in a year or two, based on the then Share Price.
Pretty much guaranteed jam tomorrow for peanuts today.
Despite todays rise the sp is languishing generally...the company seems well run and lots of deals being done...is it like harl..ajam tomorrow company..?