GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
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Thanks you both for taking the trouble to respond
MosquitoSqudron - I am not sure how I missed that. It was a bit obvious! No defence, but probably because I paid more attention to the video
Capital expenditures in 2023 at Fekola are expected to total approximately $352 million, of which approximately … $138 million is classified as non-sustaining capital expenditures. ... Non-sustaining capital expenditures are anticipated to include $63 million to develop and equip Fekola Regional's Anaconda Area and Dandoko project, $54 million for underground mine development (Fekola Mine underground ore production anticipated to commence in the second half of 2025) and $16 million for haul road construction to Fekola Regional's Anaconda Area and Dandoko project.
TRR Acquisition of Major Gold Exploration Royalty with Potential Near-Term Production. Acquisition agreement is with a group of Private Royalty Holders ("Sellers") to acquire a 50% interest in a 2% net smelter royalty (the "Royalty") over the Dandoko Gold Project permit area in western Mali .Private Royalty Holders own the Royalty that they are selling 50% of to TRR. The Mine is owned by B2Gold Corporation Limited ("B2Gold", TSX: BTO, NYSE: BTG, market capitalisation of approximately US$3.9 billion).
As I understand it, it is not a 'financing' deal. TRR are purchasing the royalty from private individuals who presumably held a royalty after financing the original company which B2Gold merged/tookover.
Recent RNS -
"pleased to announce that it has entered into a binding acquisition agreement ("Agreement") with a group of private royalty holders ("Sellers") to acquire a 50% interest in a 2% net smelter royalty (the "Royalty") over the Dandoko Gold Project permit area in western Mali ("Dandoko" or the "Project"), owned by B2Gold Corporation Limited"
Little bit of history.....
https://www.b2gold.com/projects/producing/fekola/#:~:text=The%20Fekola%20Mine%20is%20located,Resources%20Limited%20in%20October%202014.
Having listened to the latest video here, relating to the Dandoko deal, I am left wondering why a well capitalised multi-billion dollar company would need to make such a deal. Can someone enlighten me please.
40k dead to take about 40km . Great.
The mine owners are a $4bn company who can afford security and can call in western airstrikes/Special Forces against any terrorists.
Also this is an exploration several years from production., by which time Prigozhin will be dead (cancer) and Wagner eliminated (by Russian MoD among others)
Wagner were relatively successful in Ukraine, albeit at considerable losses to themselves. This, however, is probably not the place to debate the skills and successes, or otherwise, of Wagner on the battlefield. My point was that if the stories that Wagner are interested in extracing minerals for themselves from Africa are anywhere near right, Wagner forces being in Mali close to where Trident Royalties have an interest does not help one to sleep easily in one's bed. Caveat emptor.
Trident is entitled to an offtake for 25% of gold production up to a cap of 1,111,500 delivered ounces (Nearly 1M Ounces Remaining. The company said that following the second evacuation of Eagle on August 4, 2023, due to the proximity of the East McQuesten wildfire, favourable conditions allowed for the return of employees to site on August 10th 2023.
Full Production Rates at the Operation were Resumed on August 11th 2023. https://www.kitco.com/news/2023-08-21/Victoria-Gold-says-operations-returned-to-normal-at-its-Eagle-mine-in-Yukon.html
TRR owns a 1.5% Free on Board (“FOB”) revenue royalty Australia. Koolyanobbing Iron Ore mine owned by Mineral Resources. iron ore futures extended gains on Monday to their highest in three weeks. https://www.kitco.com/news/2023-08-21/UPDATE-1-Iron-ore-at-three-week-high-on-policy-support-resilient-demand.html
The new code now allows the government to take a 10% stake in mining projects and the option to buy an additional 20% within the first two years of commercial production, mining commission chairman Assane Sidibe told reporters. This does not really affect TRR as we don't own mines, we own royalties on said mines. This Royalty could be kept or sold on in future for shed load of cash. what ever its a win. win for TRR. Canadian Gold Miner B2B which owns the asset is a Canadian tier 1 miner. In this economic/geopolitical atmosphere gold is good for the company to make money now in. IMO only of course & DYOR people. https://www.reuters.com/world/africa/mali-adopts-new-mining-code-boost-sectors-contribution-gdp-mines-ministry-2023-08-08/
Wagner have been and will be slaughtered themselves.
While the deal as presented may seem to be attractive, Wagner is operating in Mali. The following link is a bit out of date but it gives a flavour of what is going on. Is the deal apparently good value because of the Wagner risk?
https://www.theguardian.com/world/2023/may/20/russian-mercenaries-behind-slaughter-in-mali-village-un-report-finds
Really needs sorting out.
The Transaction
Pursuant to the Agreement, Trident will pay US$3,000,000 in cash and issue US$750,000 in ordinary shares in Trident to the Sellers, to be priced at the 10-day VWAP five days prior to Completion ("Upfront Payment"). The Sellers have agreed to an equity lock-in period of nine months from the date of Completion.
In addition to the Upfront Payment, in consideration of the acquisition, Trident shall pay:
• US$1.25 million in cash on first royalty receipt from the royalty area, and
• US$1.25 million in cash on receipt of payment on 500,000 ounces gold sold from the royalty area.
The Transaction remains subject to the receipt of consent to the transaction from Africa Mining sarl, the subsidiary of B2Gold which holds the Dandoko License. Completion shall occur within three days of receipt of consent from B2Gold.
Adam Davidson, Chief Executive Officer of Trident commented:
"The acquisition of the Dandoko Royalty again demonstrates Trident's ability to identify undervalued royalties covering high-quality assets and delivering significant shareholder value. Dandoko is a highly attractive royalty on an asset operated by a senior producer, close to existing processing infrastructure, with a demonstrated pathway to production and significant exploration upside. The potential for nearterm production, alongside the conservative structure of the transaction, which defers 40% of the consideration until meaningful milestones are achieved at the Project, provides a compelling exposure for Trident.
"We look forward to regular news flow from B2Gold as it continues to advance Dandoko toward production. Given current weakness in the traditional capital markets, Trident continues to see elevated deal flow and looks forward to updating the market on further opportunities."
Trident Royalties Plc (AIM: TRR, OTCQX: TDTRF), the diversified mining royalty company, is pleased to announce that it has entered into a binding acquisition agreement ("Agreement") with a group of private royalty holders ("Sellers") to acquire a 50% interest in a 2% net smelter royalty (the "Royalty") over the Dandoko Gold Project permit area in western Mali ("Dandoko" or the "Project"), owned by B2Gold Corporation Limited ("B2Gold", TSX: BTO, NYSE: BTG, market capitalisation of approximately US$3.9 billion).
HIGHLIGHTS
Attractive exploration tenure, with potential for near-term production, operated by a senior gold producer.
• Dandoko was the flagship asset of ASX-listed Oklo Resources. Oklo was acquired by B2Gold in September 2022 for A$91.3 million.
• Dandoko is located 25km from B2Gold's operating Fekola Mill ("Fekola"). Fekola is B2Gold's largest asset, targeting production of 580-610 Koz at US$565-$625/oz cash cost for FY2023.1
• B2Gold has stated that it believes the metallurgical characteristics of mineralisation at Dandoko are similar to Fekola and will be amenable to processing at Fekola.1
• B2Gold has completed a study confirming the potential for near-term production by trucking saprolite material to Fekola. The company has budgeted US$79 million to facilitate Phase 1 saprolite mining from the Anaconda and Dandoko areas.3,4 Of the budgeted US$79 million, $16 million has been allocated for haul road construction to Fekola from the Anaconda and Dandoko projects.
• B2Gold is also currently advancing an engineering study of the 'Fekola Regional Development Plan' to assess the potential for a new, standalone 4Mtpa processing facility located at Anaconda, with Resources from Anaconda and Dandoko forming the basis for the engineering study. Fulfilment of this plan will permit more substantial production in the medium term.6
• B2Gold spent US$6.6 million in H1 2023 alone on exploration within the Dandoko permit, with this licence area being a stated focus of its 2023 exploration program.3
I liked what I heard in the video and couldn't help myself at these prices. I was surprised, and pleased, to get them at them at 42.2 - although I note it appears as a sell.
If the returns on Thacker Pass are anything like that stated I can't see why the sp didn't jump once the legal hurdles were cleared. The approach outlined in the video gives me confidence. Just wonder what I'm missing? Hopefully I'm getting in early before people recognise the potential. I have been burnt before so hoping I finally get one right.
Yes posters..its disappointing the sp trends on trr...gla who are invested..
Its always a quiet period during the Holiday season as far as investing goes, so don't be worried Trident Royalties IMO only of course is doing very well in building the Company's Royalties & offtake book out. In May 2023,Trident Royalties acquired a royalty and milestone payment over La Preciosa Silver Mine, a project nearing production in Mexico and its first income stream from silver & should be generating cash in the near term for TRR. I like the fact TRR management take their time & do proper du diligence on Project & then do great deals . https://www.proactiveinvestors.co.uk/companies/news/1014951/trident-royalties-adds-silver-to-portfolio-through-mexico-deal-1014951.html
I suspect that many investors (and maybe even the BOD) are thinking to themselves or out loud on a BB like this one as to why the sp has not moved on from last year despite this year's encouraging developments/acquisitions, debt cost reduction and listing in the USA.
I haven't seen anyone here having direct complaints about either the board, their investments or their strategy - I think all longer term investors understand those.
The recent points on this BB were just items for discussion, after all, that's what BBs are for!
I still remain confidently invested.
RANKED: World’s largest clay and hard rock lithium projects
https://www.mining.com/featured-article/ranked-worlds-largest-clay-and-hard-rock-lithium-projects-2/
RANKED: World’s largest clay and hard rock lithium projects
https://www.mining.com/featured-article/ranked-worlds-largest-clay-and-hard-rock-lithium-projects-2/
TRR is bringing in cash to the company through its gold offtakes/Royalties also from Its Iron ore. Copper & Mineral Sands Royalties. New Silver deal with miner & with mine in construction. Thacker Pass Nevada US Lithium Royalty is huge asset for TRR & its with T1 US company Lithium Americas Corp USA. This mine is now in construction mode. There are a lot of other royalties in various stages on TRR asset book. The company is only a few years old and still building. The company has a good pipeline of miners that want TRR to help them. TRR management is looking at these projects & will only invest in the best of them. Of course its the holiday season and investing world goes a bit quiet at this time. I keep the faith with TRR management and like its present paying & future paying asset base. The management keeps its investors etc informed on regular bases = RNS & Video. I am not a day trader.
TRR is my biggest holding. I like this stock and would prefer the continued acquisition of assets than a dividend at this point. I only see upside for TRR on the SP and div.