focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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.
My buy shows as a sale but hey ho. GLA
Newbie to this share but agree the update was impressive but yet sincere. Have purchased a few this morning and hope to see this move in the right direction over the next few months. GLA
I’ve invested more on the back of this update. I think the shares are clearly undervalued. The prevention was honest and Adam Davidson clearly indicated such. Great potential and the royalties will grow considerably.
BRV Capricorn
A very encouraging update confirming good progress across the board. No doubt Adam will be giving a presentation and I look forward to that. The fact that Equinox’s Greenstone project will start to produce in a few months is a highlight as this will be a very large gold mine in Canada
Expect a 15p rise
BRV Capricorn
Https://www.mining.com/lithium-market-transition-comes-with-delays-layoffs-and-mas-wood-mac/
Rare Earths are another possibility. Definitely the bottom of the market.
It's a difficult product to understand and there are high barriers to entry but for the right producer it has appeal.
I know RBW are raising the remainder of their project equity finance this year, its similar to a royalty in that a %age of the asset is owned not the listed parent equity.
There is also Sierra Verde in Brazil, unlisted, liw cost producer.
Downside, I suppose, is product is not open market sellable, same with Uranium, it needs to be sold into the supply chain for processing and use. You cannot take 1% and sell it to anyone.
Karora Resources on TSX ...KRR is producing Gold & Nickel at it's Australian operations and increasing. https://www.karoraresources.com/
As much as I'd like a uranium royalty, I would be concerned if Adam and team were transacting at the top of the market. Equity capital is easy to come by right now for most uranium companies with a decent enough project - so terms are unlikely to be in TRR's favour. I'm sure Adam and team would be keen to make sure any project they identify is likely going to get into production this cycle - which makes it more challenging. As you know MS, one of the worst things for a royalty co to do is just pick up expensive optionality for the sake of it.
Personally, I'd like to see more copper (I don't think you can have enough of it). Nickel and zinc interest me too.
(AIM Listed Company. Golden Metal Resources plc). Significant Porphyry & Epithermal Potential Confirmed; Bonanza Silver Grade Returned;...Gold. . Also Uranium Target all found on their Nevada USA Asset.
Just my own thoughts. Why not get Royalties over a Uranium project. I am thinking of the likes of Aura Energy near-term production Tiris Uranium Project in Mauritania which also has significant opportunities for both resource and production profile expansion.
Would be good if US volume picked up
https://www.otcmarkets.com/stock/TDTRF/overview
Up we go
Huge buying pressure last few days
Gold.Silver & Copper prices up as of 10am today
A major catalyst over the next six months is the Sonora legal case pending Mexico nationalization where Trident owns a 50% share in 3% royalty over this lithium asset?. Not yet. Its an option to own. A refundable deposit of US$2.5 million (the “Deposit”) has been paid by the Buyer (TRR), with the balance to be paid upon completion of the Transaction, which is conditional upon a favorable resolution of a dispute between the seller of the royalty and Bacanora. If the dispute is found against the Estate, Trident’s funding is fully repayable by Sonoroy. Trident has protected its self on this deal with only paying a refundable $2,5 million deposit for the option to buy the Royalty or not and has up till 2025 to decide. Think I got that wright. TRR has great Management.Great Assets, many of which are bringing in good cash to the company. Great PR. keeping investors and potential investors informed with regular interviews and videos on line.
2024 Top picks in mining, include Capital Limited (LSE:CAPD), TRIDENT ROYALTIES PLC (AIM:TRR, OTCQX:TDTRF), Atalaya Mining (AIM:ATYM, TSX:AYM) and Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF). Do your own research.
They should be able to start production now by trucking the stockpiles to the existing mill so if first production is Q1 2024 then we should see the $8.75m milestone payment in Q1 2025 plus some ordinary royalty payments along the way. Nice start to the year.
Update on La Preciosa Silver Royalty
Trident Royalties Plc (AIM: TRR, OTC: TDTRF), the diversified mining royalty company, is pleased to note recent positive progress announced by Avino Silver and Gold Mines Ltd. ("Avino", TSX: ASM, NYSE AMERICAN: ASM) on its La Preciosa Silver Project ("La Preciosa"). 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 SILVER PROJECT
Avino recently reported that it has signed a long-term land-use agreement with a local community for the development of La Preciosa. La Preciosa hosts one of the largest undeveloped primary silver resources in Mexico and is located approximately 19 kilometres from the current Avino Mine operations, which has an operating 2,500 tonnes per day mill processing facility and all the necessary infrastructure to allow for mineral processing from La Preciosa.2
David Wolfin, Chief Executive Officer of Avino commented for the purpose of its announcement2:
"With this long-term land-use agreement in place, we can commence hauling of old surface stockpiles to our mill for processing. We are now able to begin the filing of our environmental permit for underground extraction. Pending regulatory approval, we can start developing the ramp down to our initial target of the high-grade Gloria vein. The La Preciosa mine represents a key pillar in our transformational growth strategy, as well as hosting a large endowment of silver and gold resources which we expect to process for years to come. We are delighted to work with our local community stakeholders to come to this amicable and cooperative result." 2
Adam Davidson, Chief Executive Officer of Trident commented:
"2024 is off to a great start at Trident with Avino's progress at La Preciosa. With the land-use agreement in place, Avino is moving to first production from its stockpiles while it obtains the requisite permits to commence underground production. We want to congratulate Avino on this milestone and look forward to continued growth at the broader Avino operation, with La Preciosa playing a key role moving forward."