focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
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Having said that I've just done dummy sell and was offered 9.25p/share
Looks like Mm's are ready to pay for your share above the mid price of 39p. Buying pressure is rising. Good sign for breaking 40p today/tomorrow
503,372 so far today and what the most important 40p can be broken this week.
Https://www.mining.com/web/copper-futures-surge-as-short-squeeze-grips-ny-market/
By 11am today TRR traded 768K shares compared to a 3 month daily average of 495K
1 meaty trade at 38.3p of 150,000 shares
The US market hasn't taken off yet though with very light trading volumes
OTC Market
https://www.otcmarkets.com/stock/TDTRF/quote
AVERAGE VOL (30D) 5,685
This is the first time TRR have been over the 200 day moving average since June 2023
Looks like following ii's market is 'waking up' re TRR's real current and future value.
Https://markets.ft.com/data/equities/tearsheet/profile?s=TRR:LSE
Probably behind a paywall but 44% of TRR is held by institutional investors.
Ergo, professionals like Rick Rule have done due diligence and feel TRR is worth investing in.
Rick Rule....I am in as of market open.
That is a big vote of confidence imo.
Thanks. not aware of rock rule!! you having a laugh
I just watched this Rule Syposium intererview recorded 19 hours ago:
https://youtube.com/watch?v=Y53-X8WGbmU&si=ZdT7Ae5uJiqaVLIe
I have been a holder of TRR for sometime but was unaware that Rick Rule is a shareholder and has invited TRR to present at his famous conference in Boca Ratan in July. If you aren’t aware of Rick Rule he is a highly successful investor in commodities and remains a large shareholder in Sprott where he worked. Many of the legends of the Commodities industry attend his conference. It is for me a great endorsement of TRR that Rick Rule has invested.
Buy recommendation from Simon Thompson:
“ A discounted smart way to play precious metals
This commodity royalty group is trading on a near-50 per cent discount to un-risked net asset value
May 7, 2024
by Simon Thompson
Royalty and offtake revenue up 21 per cent to $9.5mn
Pre-tax profit of $3.8mn reverses prior year loss of $4.6mn
Buoyed by profits on disposals, gains on asset revaluations and a higher royalty and offtake income, commodity royalty group Trident Royalties (TRR:36p) moved back into profit last year.
The sale of pre-production gold royalties to mining giant Franco-Nevada Corporation (CA:FNV) realised $15.8mn of cash proceeds, representing a 143 per cent return on capital, and highlights the value Trident is creating for shareholders.
Moreover, management continues to develop its gold offtake portfolio, holding offtake contracts over 10 mines, which accounted for almost three-quarters of group revenue in 2023. Since the year-end, Trident has announced positive news on two projects in the top-tier gold mining jurisdiction of Ontario, Canada.”
There is a lot more and this is the concluding part:
“ Well-funded
In February 2024, Trident entered a new $40mn revolving credit facility with an option to increase it to $60mn. The interest rate is SOFR (the replacement for Libor) plus a margin of 2.5-4.5 per cent (depending on leverage ratios), resulting in annual interest savings of $1.3mn once fully drawn.
Trident has net debt of $22mn, a sum equating to 20 per cent of shareholders’ funds, so it has ample headroom to fund new investments. Furthermore, the increasing royalty income is generating bumper operating cash flow, so much so that Tamesis estimates net debt will fall to $10.5mn by the year-end.
True, the 80 per cent decline in the LCE price in the past 18 months has dented investor sentiment. This is the key reason why the share price has pulled back to my entry point (Alpha Research: 'A lowly rated commodity and green energy inflation hedge’, 1 November 2021) even though 12 of the group’s 21 assets are now producing cash flow including a valuable gold offtake portfolio valued by Tamesis at $78.9mn (21.2p). Rated on a 50 per cent discount to unrisked NAV estimates, Trident shares are worth buying.”
The full article is available on the IC website.
Agreed MS. Threats of nationalisation very rarely end up as such. Yes, weve occasionally seen it happen, but more often than not the government (in this case the Mali Gov) realise that the mining industry and exploitation of their natural resources (funded by foreign capital) is too important to the national economy, and simply choose to take a slightly bigger slice of the pie than before. Its a story that we've seen play out across South American nations and now in Africa.
Thought that was good news regarding Anson today.
TRR Own a % of whats in the ground not the mine. so who ever owns the mine,which is as of today B2B. a huge mining company. If they sold it or the military government took the mine over. TRR still owns a % of in ground gold etc for ever. It only cost £3 million and was a banker for the future as its a Royalty etc over exploration ground. IMO only & DYOR.
All of TRR in production Gold mining assets are bringing in cash and are in diversified locations. most in North & South America and owned by large mining company's.
But what if the Malian Govt simply expropriate B2 Golds mine?
This risk to me eas simply glossed over in their report accompanying the full year results.
They made a big statement as to why they invested in this royalty without giving any sense of what will happen if the government seize B2Golds assets
They can buy 10/30% of the mine. Doesn't affect the royalty payment.
Out for now. Back later. Q1 will be a blinder!
Gold infographic…
https://www.visualcapitalist.com/visualizing-global-gold-production-in-2023/
Trek
That's another 5% annual return looking secure.
I'm a bit concerned about the Mali situation. It seems possible that the government will take over B2G's new mine. If so, does TRR's royalty stream become worthless?
RNS link won’t open here…..
“ Trident Royalties Plc (AIM: TRR, OTC: TDTRF), the diversified mining royalty company, will announce its Q1 2024 Activities Update on Tuesday 7 May 2024 at 07.00 BST.”
https://www.londonstockexchange.com/news-article/TRR/notice-of-q1-2024-activities-update/16446195
Trek
Should get q1 activities update next week , prob Thursday. If not defo following week.
Usual caveats
Trek
Copper futures over $10k/ton