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Market seems to like it too.
LCE our cut is worth $5billion.
Boron ?
Adam Davidson, Chief Executive Officer of Trident commented:
"The material increase in Resource following the acquisition of Green Energy highlights the attractiveness of the royalty model, with value add from the acquisition immediately flowing to the royalty. Anson continues to progress Paradox aggressively and we are pleased with the significant amount of activity that has occurred within the short time since we acquired the royalty. With this royalty giving us further exposure to battery metals, and in this instance direct lithium extraction, we look forward to further progress as Anson advances Paradox towards a development decision."
FYI,
I'm a KDNC holder and stumbled upon this that you might find interesting,
Https://www.dossierpolitico.com/vernoticias.php?artid=288589&relacion=&tipo=Principal&categoria=12
Ganfeng Lithium has the possibility of resorting to an existing reciprocal investment protection agreement between Mexico and China regarding the cancellation of its concessions for the exploitation of lithium in Sonora by the government of Andrés Manuel López Obrador (AMLO).
This agreement, signed in 2008, allows a Chinese investor to initiate an international procedure, explained Carlos Ramos, partner at the Hogan Lovells law firm.
I believe this is the agreement in question:
AGREEMENT BETWEENTHE GOVERNMENT OF THE UNITED MEXICAN STATES AND THE GOVERNMENT OF THE PEOPLE´S REPUBLIC OF CHINA ON THE PROMOTION AND RECIPROCAL PROTECTION OF INVESTMENTS
https://investmentpolicy.unctad.org/international-investment-agreements/treaty-files/759/download
I would welcome a legal eye looks over, but article 7 looks very interesting:
ARTICLE 7
Expropriation and Compensation
Neither Contracting Party may expropriate or nationalize an investment either directly or indirectly through measures tantamount to expropriation or nationalization (“expropriation”), except:
(a) for a public purpose;
(b) on a non-discriminatory basis;
(c) in accordance with due process of law; and
(d) on payment of compensation in accordance with paragraph 2 below.
2. Compensation shall:
(a) be equivalent to the fair market value of the expropriated investment immediately before the expropriation occurred. The fair market value shall not reflect any change in value because the intended expropriation had become publicly known earlier;
it's a lengthy document so take a look, it appears Ganfeng have filed the first stage that give four months:
Annex to Article 13 paragraph 5
An investor shall go through the domestic **administrative review procedures as specified by the laws and regulations of the disputing Contracting Party before the submission to international arbitration in accordance with Chapter III, Section One. If the domestic administrative review procedures are not complete within four (4) months after the date an application for the review is first filed, it shall be considered that the procedures are complete and the investor may proceed to an international arbitration** The investor may file an application for the review during the six (6) months consultation or negotiation period as provided in Article 12.
GL
Please tell that to the stock/share price 🙄
Gold is up $44.20 at time of posting = $1912.70. TRR has 9 Gold Off Take etc assets bringing in good cash to TRR .
Https://www.mining.com/raising-capital-now-biggest-risk-to-mining-companies-after-esg/
It's going to make the shortages even worse.
Mining sector out of favour....despite good credentials how low is this sp going to go..? gla dyor
Victoria Gold 124,749 ounces of gold production in last 9 Months of 2023..up17% on same (9 Months of last year. 2022 of,,,, 106,441 ounces).
the Eagle and Olive deposits include proven and probable reserves of 2.6 million ounces of gold and 4.7 million ounces of gold in the measured and indicated category, inclusive of proven and probable reserves.
Victoria Gold explained that both the quarterly decrease year-over-year and the 9-month year-to-date increase were due to a reduction in seasonality as a result of year-round ore stacking on the heap leach pad, a more even distribution of planned maintenance throughout the year and a growing heap leach pad which moderates quarter over quarter gold production.
The company noted that the quarter-over-quarter decrease in grade was due to mine sequencing, adding that ore and waste mined, ore stacked on the heap leach pad and gold produced were all negatively impacted in Q3 2023 by an approximate 2 week evacuation in early August due to wildfire activity.
The company said its gold production was up by 17% in the first 9 months of 2023 compared to the same period in 2022, while Q3 2023 production decreased 17% year-over-year.
Victoria Gold Offtake
Trident owns an offtake for 25% of the gold produced at Victoria Gold’s Eagle Gold Mine up to 1,111,500 million delivered ounces. https://www.kitco.com/news/2023-10-04/Victoria-Gold-s-9M-2023-gold-production-up-17-despite-Q3-setback.html
The US Energy Department is in talks to lend a record $1 billion to the developer of one of the country’s largest lithium deposits in a push to build out a domestic supply of critical minerals.
The Biden administration and Lithium Americas Corp. are negotiating the terms of an agreement that would fund more than half of the cost of the Thacker Pass mine in Nevada, according to a person familiar with the matter who asked not to be identified discussing confidential information.
https://www.mining.com/web/us-weighing-record-1-billion-loan-for-massive-lithium-mine-in-nevada/
Https://www.theglobeandmail.com/business/international-business/article-lithium-americas-reportedly-in-talks-with-us-energy-department-for-1/
.."The Biden administration is negotiating terms of an agreement that would fund more than half of the cost of the Thacker Pass project, the report said..."
Pedrobull...well said...^ the market price is the price^..
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."
Https://www.londonstockexchange.com/news-article/TRR/interim-results/16127373