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.
Allied Gold ... Offtake
Trident owns an offtake for 50% of the gold produced at Allied Gold’s Bonikro Mine with no production or time cap on delivered ounces. Allied Gold has turned around the Bonikro mine since its acquisition in 2019, extending the mine life to seven years.
supported by gold Proven and Probable Mineral Reserves of 645,000 ounces (15.4Mt at 1.3 g/t), on a 100% basis, with
annual gold production of approximately 100,000 ounces. Ongoing drilling is focused on expanding and converting
the existing Inferred Mineral Resource targeting a mine life of over 10 years.
Operator...Silver Lake Resources. Sugar Zone Offtake.
Trident owns an offtake for 50% of the gold produced at Silver Lake Resources’ Sugar Zone Gold Mine up to 375,000 delivered ounces. Sugar Zone ... https://www.silverlakeresources.com.au/projects/sugar-zone
Equinox Gold delivers strongest third quarter on record for production, revenue and EBITDA. https://www.kitco.com/news/2023-11-01/Equinox-Gold-delivers-strongest-third-quarter-on-record-for-production-revenue-and-EBITDA.html
Equinox Gold Los Filos Offtake
Trident owns an off-take for 50% of the gold produced at Equinox Gold’s Los Filos Gold Mine up to 1,100,000 delivered ounces.
Equinox Gold RDM Offtake
Trident owns an offtake for 35% of the gold produced at Equinox Gold’s Santa Luz, Riacho Dos Machados (“RDM”), and Fazenda Mines up to 658,333 delivered ounces.
Equinox Gold Fazenda Offtake
Trident owns an offtake for 35% of the gold produced at Equinox Gold’s Santa Luz, Riado Dos Machados (“RDM”), and Fazenda Mines up to 658,333 delivered ounces.
Equinox Gold Santa Luz Offtake
Trident owns an off-take for 35% of the gold produced at Equinox Gold’s Santa Luz, Riado Dos Machados (“RDM”), and Fazenda Mines up to 658,333 delivered ounces.
Equinox Gold Greenstone Offtake
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.The Greenstone Project is 85% complete. A third independent quantitative risk assessment completed in Q2 2023 concluded that the Greenstone Project remains on schedule to pour gold in the first half of 2024.
Equinox Gold Producing Mines https://www.equinoxgold.com/operating-mines/
TRR is a sitting duck for a takeover at these levels. It's but a tasty morsel for the larger royalty companies and it provides significant long term exposure to lithium which most are underexposed to ahead of the energy transition.
I'm hoping the stock price bounces of its own accord because I believe the long term upside for shareholders is far greater as a listed stock...
Mexico has natio nalised the lithium but they don't have the money or technology to extract it. Only China has that.
Chinese say they will stay and develop the mine with a government partnership.
This investment may still come good.
I am invested in GROC. HAGWE
Interesting to read the recent posts here...company obvously operates in complex markets...and these posts are helpful..👍
Absolutely. Lithium and copper are (in my opinion) the safest bets as we move through the energy transition
The advantage of lithium investment is that it cannot be substituted with cheaper,.more effective and lighter alternatives.
Yes, graphite is an important constituent in battery anodes - and will undoubtedly result in an increased demand. My concern centres more around where it's sourced from and substitution options.
In the case of graphite as you know, the vast majority comes from China. Taking my non-mining hat off, that sort of supply imbalance generally results in a concerted effort (in this case from the West) to manufacture that particular 'problem' constituent out of future battery chemistries.
But the even more important aspect with graphite is the synthetic graphite option. Benchmark Mineral Intelligence estimate that by 2025 two thirds of the EV battery anode market could be served by synthetic graphite. So from the point of view of the West, the solution for the graphite supply imbalance is most likely here.. (see link below)
https://www.reuters.com/world/china/synthetic-graphite-ev-batteries-can-west-crack-chinas-code-2023-09-12/
Thoughts on Cobalt, anyone. Commodity to be in or not? . https://www.cobaltinstitute.org/essential-cobalt-2/#:~:text=Cobalt%20is%20an%20essential%20component,quality%20minimizing%20greenhouse%20gas%20emissions.
Cacher. I understand what you are saying & agree Uranium may be difficult to get into for now, as its flavour of the month " as they saying goes". I think Graphite prices are low at the moment & important commodity.
I think we need to be careful with picking up assets at the top of the market - relatively speaking. Cash - in the form of equity raising, is coming pretty easy to uranium companies at the moment, so royalty deals are likely to be less accretive in that sort of environment. Additionally, I can't imagine there's many old timers to approach that are sitting on legacy royalty claims in the uranium space.
As far as graphite is concerned - personally I'm not convinced, and I'm reasonably sure TRR would prefer to get exposure to metals that are traded on a recognised exchange - LME or alike.
I don't think royalty co's can go wrong with good quality copper exposure, and that's where if like to see them focus their efforts.
What about TRR getting into Uranium & Graphite. China is going to restrict Graphite exports from 1st December 2023 apparently & is avital for the west to have a non Chinese source for Graphite. Graphite price could from 1st December go north . https://www.economist.com/business/2023/10/25/why-china-is-restricting-exports-of-graphite . Any thoughts on this anyone
In my mind I've written off the Sonora deal MS, so any positives there are a bonus imv. I'm pleased with the lithium exposure that Trident offers. I'd like to see further copper deals, as well as some nickel exposure. I'm always happy with gold - though I'm sure that with the offtake portfolio Adam and team will probably be looking elsewhere - especially in a rising gold environment and plenty of competition from precious metals royalty peers.
I assume Orion continues to sell down and put pressure on the share price. I've added recently and will continue to do so here and there on further weakness.
If Trident Royalties terminates its Sonora Lithium deal. The deal was done in such away that TRR has only paid a $2.5 million refundable deposit (Which TRR gets back) . Trident Royalties can terminate the project at its own discretion without any financial loss to the company.
Don't forget TRR has just bought Advanced Stage Paradox Basin Lithium Royalty, located in the Paradox Basin of south-eastern Utah, USA.
TRR also has Thacker Pass Lithium Royalty. USA Largest Lithium mine that is in construction & located in the state of Nevada .
Disappointing slide in sp....may be best to hang on investing to let this play out further...where is it heading for ????mid 20s...
Https://www.dossierpolitico.com/vernoticias.php?artid=289114&relacion=&tipo=Principal&categoria=12
Bacanora Lithium, which in 2021 was fully purchased by China's Ganfeng, plans for an open pit mine and lithium processing plant have been steadily delayed. The pause after the formation of LitioMX was just one more. The company's financial statements already said that a first production would arrive in 2019, then they said that this would take place in the middle of this year. But now, following action by the federal government, the plans have been suspended indefinitely.
The company had also announced among its plans that the project would create between 1,200 and 2,000 employees. But the last figure that Secker gives is just 30 workers.
Secker says the main reason for the delay has been regulatory moves and the creation of the state company, about which little is still known about its operation. “While this was becoming clear, we had stopped all major works. But we are ready to start as soon as the government has more clarity on how they want to move forward. And as we said before, we are happy to work with the government if that is how they want to proceed (...). “We believe we can build a lithium center in Sonora that would benefit all of Mexico.”
The federal government had said, after the reform of the Mining Law and the creation of LitioMX, that it would not cancel any of the concessions given up to that date and that it would respect what was stipulated because the law cannot be retroactive. Bacanora Lithium's permits were valid until 2060 and 2065. Sources within the federal government have told Expansión that the company only had authorizations for the mining exploration phase, but that it did not have any directly related to lithium production. . Secker defends that Bacanora has exploration licenses, environmental approval and water exploitation permits, which supports actions close to metal processing.
Meanwhile, on the side of Ganfeng Litihium the negotiation door is not closed yet. Secker says they are willing to jointly develop the project with the local and federal government because they have the technological and financial capacity to do so: “We have had a series of conversations with the government over the years. And we have continued to try to work with them, both to tell them our development plans and to tell them that we are happy to work with them on a basis that ensures that we can try to do something very special for Sonora.”
My 15,463 buy was below mid price. Result!!!
Gold price nearing $2,000/oz as Middle East turmoil feeds safe haven demand
https://www.mining.com/gold-price-nearing-2000-oz-as-middle-east-turmoil-feeds-safe-haven-demand/
No, you are not Missing something. The Markets are down across the board apart from in 4 sectors. TRR is still brining in cash for the company. TRR invests cash into mines/mining company's and in return TRR gets a Royalty' or Offtakes from said mining company's in % of metals mined for life of mine., without the cost of owning a mine and all overheads that brings. Mineral Sands. Copper. Iron ore .Gold & soon to be Silver.. Silver Mine in construction. All brining in cash to the company. The company also has Royalty over Americas largest Lithium mine, which is under construction in Nevada. TRR has option with Another large Lithium asset in Mexico. TRR has not paid for it yet & can withdraw from the option without losing any cash. has put a $ 2 million deposit down on it, which it can get back if TRR does not activate the option, So will not lose any cash on this potential investment.
On 4th September 2023. Acquisition of Advanced Stage Lithium Royalty. Paradox Basin in Utah, USA.
The Royalty is a 2.50% net smelter return ("NSR") royalty tied to Anson's ownership of the projects. Should Anson sell a property within the Paradox Basin, Trident will be entitled to 2.00% of the net sales proceeds and the royalty would no longer apply to the sold asset. https://polaris.brighterir.com/public/trident/news/rns/story/rgz8ljw
Todays geopolitical crisis.is partly why TRR has 11 gold offtakes bringing in good cash & with top mining company's. I bought more today. I am not a day trader. DYOR .
Gold on the up but yet Trident on the plunge? What have I missed..? Directors buying at levels a lot higher than this, no bad news out. What have i missed?
Many thanks, ICB888.
The London Stock Exchange revealed on Thursday that it is investigating an "incident."
Trading on FTSE 100, FTSE 250 and IOB securities is "still operating normally" but "orders in all other instruments currently halted will now be expired," the LSE said in a notice.
The exchange said it will "provide further updates" on the situation.
There was no trading offered on AIM stocks late afternoon today I tried 3.
Unable to Buy TRR in the last couple of hours or so.
Anyone else experience the same issue?
Any idea why?
TRR Assets. 12 Of which are paying in production assets, brining good cash to company. https://tridentroyalties.com/projects#scrolled