focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
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That's clarified the situation,
Another legal action taken outside the framework of the Mining Law reform is the amparo promoted by the China-based Ganfeng Lithium, the world's largest lithium producer. In August 2023, the Ministry of Economy (SE) announced the cancellation of nine lithium concessions for Ganfeng Lithium, arguing that the company did not meet the minimum investment requirements necessary to maintain the concessions. In response to the cancellation, the company filed an amparo.
https://mexicobusiness.news/mining/news/mining-companies-have-filed-500-amparos-against-mining-law?tag=ganfeng-lithium
A positive development update today, I don't see how this will not apply to the concessions -
Dear Clients and Friends,
About our publication dated November 6, 2023, titled “First Favorable Ruling in Amparo Proceedings Against Recent Reforms to the Mining Law and Other Related Provisions” we are pleased to inform you that as of today, we have obtained a total of 7 favorable rulings for our clients.
These rulings order the exclusion of the reform from the legal sphere of our clients who have obtained the amparo and protection of the federal courts; therefore, such reforms may not be applied to our clients.
These favorable rulings have been obtained from four states: Chihuahua, Hidalgo, Jalisco, and Sonora. We are currently awaiting the remaining resolutions, which we believe will be issued pursuant to our clients’ interests.
Should you have any questions or comments regarding the foregoing, please do not hesitate to call your usual contact in the Firm.
https://ecrubio.com/ec-rubio-wins-favorable-rulings-in-amparo-actions-against-the-mining-reform/?lang=en
And bear in mind the cancellation was said to be for the lack of investment that is being denied by Ganfeng, so a possibility that's all that may be needed to challenge in international arbitration - will the Mexican government chance that if the ruling is applied, of course Ganfeng might be one of the 7!
Confidence
Director Share Purchase
The Company announces that Adam Davidson, Chief Executive Officer and executive director, has purchased 70,914 ordinary shares of £0.01 in the Company ("Ordinary Shares") on market at 36 pence per Ordinary Share. Following this share purchase, Adam Davidson holds 500,000 Ordinary Shares representing 0.2% per cent of the Company's voting rights.
Further details are set out in the PDMR form below, made in accordance with the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.
To shed a little more light on the matter....
https://www.bbc.co.uk/news/world-latin-america-67565315
old news but relevant
Copper is now in short supply after the Panamanian government shut down a huge copper mine.
Gold price enters 2024 with sights set on record highs
https://www.mining.com/web/gold-price-enters-2024-with-sights-set-on-record-highs/
TRR are severely undervalued in relation to peers at 0.4 NAV.
Before 2026 (my expectation of first dividend date) they will have around $45m income and $19m in the bank to expand their assets. Plus any borrowing they may take up
They will be even more valuable .
Don't get me wrong, nothing personal but I hope it will never come and that the only way is north.
The rise is more likely attributable to bring a pick of 5 aim stocks for 2024 on II. Bit gutted as I want to buy in but will wait for a retrace if it ever comes.
Strange it shows no trades today as just I bought £2k worth of.
Very positive start to the year to see TRR Up 3% on the back of an award of bonus shares to Directors and management at 33p. TRR is a very well managed company and in my opinion the CEO is very impressive in the regular presentations he makes. TRR seems to have suffered last year from weakness in the lithium price which is perverse because the lithium asset’s currently produce no income and won’t for sometime. The gold assets on the other hand are producing good income and should do very well in the widely expected continuation of the bull run in gold.
Copper price is strongly up today. Gold price is strongly up this afternoon.
Merry Christmas all TRR Investors .
You bought at mid price, as far as lse can guess. Well done.
That's just this LSE website I don't think that makes any difference.
Problem for me is Trident Royalties is listed in the FTSE AIM All-Share index.
Also listed on OTC ticker TDTRF but its lightly traded there as well.
I added today . they showed up as a sell?.
Between 11.24 am to 12.01 pm 9 x deals each, for 49,045 shares each deal, bought at 18.50k x 9. IMO only and DYOR.
Latest webinar well worth watching. I find Adam Davidson a very natural and compelling communicator. Absolutely no bombast, no hyperbole, just a clarity of strategy and execution. TRR one for the long term (10yr+).
Surge in lithium stocks raise hope rout in EV metal almost done
https://www.mining.com/web/surge-in-lithium-stocks-raise-hope-rout-in-ev-metal-almost-done/
Https://www.bullionbypost.co.uk/gold-price/sixmonth/ounces/USD/