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Those prints as sells today are buys. One of them is mine. All at same price.
Gonna go in big here. Seller is the reason why there is an opportunity.
Gold narrative aside. Click on the director deals tab top of this page. See all the sells!…..lol!
A consistent history of buying on OPEN market. Not your usual lifestyle execs!
Real deal here I’m telling ya.
Next results have 2k POG baked in. So gold has to go below 2k to fk their guidance up. Don’t see that personally. So guidance will go up.
Lithium in US will take care of itself and the Bacanora legit is in the price already. Been kicking about for an age now and either way we can get our money back plus it’s all part of the risk management profile. Not a big %.
Once that seller clears this will fly imo. But some folk like to wait. I get that. Then you have to take a chance on liquidity.
Usual caveats
Trek
Https://www.mining.com/gold-price-sets-record-for-eighth-session-in-a-row/
Https://www.equinoxgold.com/news/equinox-gold-commences-processing-ore-at-greenstone-project-first-gold-pour-on-track-for-q2-2024/
Trident owns an offtake for 100% of the gold produced up to 58.5koz p.a. at Equinox Gold’s Mercedes Gold Mine and Greenstone Gold Project until March 1, 2027.
Nice, isn't it?
Great find Trek
Sector due a rerate or is it happening?
“ According to Business Insider, gold miners experienced their best performance in a year in March 2024. During that month, the gold mining sector outperformed all other U.S. industries, surpassing even the performance of semiconductor stocks.
Still, physical gold has outperformed shares of gold-mining companies over the past three years by one of the largest margins in decades.”
https://elements.visualcapitalist.com/gold-price-vs-gold-mining-stocks/?utm_source=VC+Elements&utm_campaign=e67df38863-VCE_Email_APRIL_09_2024&utm_medium=email&utm_term=0_f3fdb4328c-e67df38863-47046010
Trek
Still a 100k seller and they are dumping back to back 10k’s. Possibly Amati as they were the last reduce TR1.
No reason to be put off by this. TRR is lagging peers and the gold rally. Seller is giving buyers liquidity imo.
Have topped up again from sells elsewhere.
Usual caveats
Trek
Equinox Gold Commences Processing Ore at Greenstone Project: First Gold Pour on Track for Q2 2024
Vancouver, British Columbia--(Newsfile Corp. - April 9, 2024) - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) is pleased to provide an update on commissioning progress at its Greenstone Project in Ontario, Canada. The Greenstone Project is being developed as a 60/40 partnership, respectively, by Equinox Gold and Orion Mine Finance Group and will be one of the largest gold mines in Canada, producing approximately 400,000 ounces of gold annually for the first five years and more than five million ounces of gold over its initial 14-year mine life.
Ore was introduced into the grinding circuit on April 6, with first gold pour expected in May. More than 1.5 million tonnes of ore have been stockpiled and 70,000 tonnes of low-grade ore has been pre-crushed to use for early commissioning feed. Progressively higher-grade ore will be fed into the mill as production ramps up toward planned throughput of 27,000 tonnes per day, with commercial production targeted for Q3 2024.
Greg Smith, President & CEO of Equinox Gold, commented: "Following 2.5 years of construction, Greenstone is on schedule to commence gold production in the first half of the year, as planned. This is a significant achievement and a testament to the experience of the Greenstone team. Greenstone is a world-class asset, and reaching production will be a pivotal milestone for Equinox Gold. Once operating at full capacity, Greenstone will be our largest and lowest cost-mine. We look forward to first gold in May and continuing to advance the project to commercial production."
Equinox commences ore processing at Greenstone
https://www.newsfilecorp.com/release/204785/
We'll see income from stockpiles this year, with production commencing in earnest by year end. As you say, silver looking very good, and it's great timing all round.
Silver nearly $28 now.
On 15 May 2023, Trident announced the acquisition of royalty assets 1 comprising:
· 1.25% net smelter return royalty covering the Gloria and Abundancia veins at La Preciosa;
· 2.00% gross value return royalty covering all other areas of La Preciosa;
· US$8.75 million milestone payment, payable to Trident within 12 months of first silver production at La Preciosa.
La Preciosa comes to production shortly. Looks like TRR is " in the right place at the right time" again. No wonder we've seen multiple director share purchases recently.
There is a small seller dipping 100k shares into the mix. Suites me as it’s affording an opportunity to average in atm.
Usual caveats
Trek
Now again full ask paid. Buying pressure is rising and finally Mms will have to let it go north
I bought in here today after trawling a few good plays the weekend.
I hold ECOR at 76p which led me here.
Similar model, low cost base and now price of gold and copper has moved up it hits bottom line and not in sp atm. Us lithium will take care of itself.
Will add more later
Usual caveats
Trek
Topped up again.
I bought some more yesterday. i started at 50k, not enough shares, went down until i could get a live bid at 30k worth so there aren't many available on the live bid when you want them
The Directors clearly believe this is very undervalued. There have been 8 Director purchases this year with 5 of them in March. The current recovery in commodity prices particularly gold, which TRR has much of its current income from, will soon start to show in its financial statements. TRR is very undervalued and it’s time for that to correct.
I can see this marching upwards to beyond 60p in the nexts few months and this certainly is undervalued based on guaranteed future successful royalties which provide major revenue.
BRV Capricorn
A friend just pointed me to this .. interesting read up... like you @Fincent, I sort of question where the dividend was. But it seems still quite early (perhaps a year or two away yet on first glance). But their website rather makes the strategy clear:
https://tridentroyalties.com/about/strategy
"Trident believes that the acquisition and aggregation of individual royalties and streams has the potential to deliver strong returns for shareholders as assets are acquired on terms reflective of single asset risk compared with the lower risk profile of a diversified, larger scale portfolio, including diversity as to geography (lowering geopolitical risks) and commodity exposure.
Once scale has been achieved, the Company expects strong cash generation to support an attractive dividend policy, providing investors with a desirable mix of inflation protection (through exposure to commodities), capital growth and income, with returns enhanced through conservative levels of leverage."
I thought the same and asked a few about this before buying in and thinking was a few years yet as everything is going into buying more. understood the dynamic and bought more. at what point does a business switch? in some respects i dont care, i guess based on income needed. i like this share, i'm going to watch, buy more over a longer period of time and have it as a income stream when the divi eventually starts
Could it be that this royalty company does not pay a dividend?
I own some of these, some Ecora shares, and some Duke shares.
Ecora are at a large discount to NAV but pay a dividend, their share price is now going up - shareholders buying in now are being paid to hold them and making a gain as the NAV closes.
Whilst not in the commodities royalty sector, Duke paid a dividend from the start. Their CEO explained at an early stage that he did not feel the company's growth would be held back by returning some of the trading cash to shareholders. That seems to have held true and shareholders have been rewarded for their investment from the beginning. Despite the rise in interest rates the share price has held up well and the dividend now provides a pretty good yield.
Both these other companies provide possible examples of why a dividend could be important to the share price of a royalty company. Trident only promises a dividend in the future.
@ slowandsteady... everytime I check the sp and the info as you have perfect ly laid out below I have this expression 🤔....
So gold stocks & PM royalty stocks are up c. 30% over the past 5 weeks.
LAC & most lithium stocks have almost doubled over the same period.
And yet Trident is flat over the past 5 weeks!
To add to the mystery, most smaller PM royalty stocks trading at a discount to NAV are outperforming the royalty sector.
Trident is trading at around the biggest discount to NAV of the entire royalty sector! Most derisked NAV calculations for the stock are around a quid or just below. And its NAV will have increased of late thanks to the gold price rally.
Can anyone solve this Trident Royalties whodunnit, or rather, whyitunderperfoming?
With Gold at a ATH and Lithium rising nicely, expect the SP to recover.
Copper. USd/lb. $417.20. Up $10.15 as of just now Afternoon of 3-4-2024.
Copper is up and well over the $400 marke. As of this afternoon 3rd of April 2024. Copper USd/lb. $413.30 . up $6.25.
In Production. Mimbula Copper Royalty.
Trident owns a 1.25% Gross Revenue Royalty (“GRR”) over all copper produced from the Mimbula Mine in Zambia, which is operated by Moxico Resources Plc.
IMO TRR has brilliant management . The company's PR and keeping present & future investors well informed through very regular interviews and video are 2nd to none.
Advanced stage Antler Copper Royalty.
Trident owns a 0.90% net smelter return royalty (‘NSR Royalty’) over the Antler Copper Project, operated by New World Resources, located in Arizona, USA.