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Agreed MS. Threats of nationalisation very rarely end up as such. Yes, weve occasionally seen it happen, but more often than not the government (in this case the Mali Gov) realise that the mining industry and exploitation of their natural resources (funded by foreign capital) is too important to the national economy, and simply choose to take a slightly bigger slice of the pie than before. Its a story that we've seen play out across South American nations and now in Africa.
Thought that was good news regarding Anson today.
TRR Own a % of whats in the ground not the mine. so who ever owns the mine,which is as of today B2B. a huge mining company. If they sold it or the military government took the mine over. TRR still owns a % of in ground gold etc for ever. It only cost £3 million and was a banker for the future as its a Royalty etc over exploration ground. IMO only & DYOR.
All of TRR in production Gold mining assets are bringing in cash and are in diversified locations. most in North & South America and owned by large mining company's.
But what if the Malian Govt simply expropriate B2 Golds mine?
This risk to me eas simply glossed over in their report accompanying the full year results.
They made a big statement as to why they invested in this royalty without giving any sense of what will happen if the government seize B2Golds assets
They can buy 10/30% of the mine. Doesn't affect the royalty payment.
Out for now. Back later. Q1 will be a blinder!
Gold infographic…
https://www.visualcapitalist.com/visualizing-global-gold-production-in-2023/
Trek
That's another 5% annual return looking secure.
I'm a bit concerned about the Mali situation. It seems possible that the government will take over B2G's new mine. If so, does TRR's royalty stream become worthless?
RNS link won’t open here…..
“ Trident Royalties Plc (AIM: TRR, OTC: TDTRF), the diversified mining royalty company, will announce its Q1 2024 Activities Update on Tuesday 7 May 2024 at 07.00 BST.”
https://www.londonstockexchange.com/news-article/TRR/notice-of-q1-2024-activities-update/16446195
Trek
Should get q1 activities update next week , prob Thursday. If not defo following week.
Usual caveats
Trek
Copper futures over $10k/ton
$13m income this year, costs are a million or so. Gold and copper price helping.
I hope they spend it soon, but if they feel the need to start making dividend payments it would help the share price.
Suthy yep deffo an idiot. So it's going to go below IPO even though revenue has grown 10 times since and they are cash positive and still growing? Also every single company listed on the stock exchange even banks have credit facilities.
The base case for Thacker pass is $11M in phase 1 doubling to $20M in phase 2 for 40+ years. This is not including any of the other assets maturing into production.
Why even post if you are waiting for 15p, it's never going to get there. They should have an additional $2M - $3M in revenue this year compared to 2023 where revenue we know had grown $2M compared with 2022. Muppet.
Should get there at some point
These purchases are hardly worth it
Revolving credit facilities. Seen it all before . It’s all a red getting . Be careful here
Here’s a chart!
https://www.visualcapitalist.com/u-s-debt-interest-payments-reach-1-trillion/
Phew!
Trek
I see MS is still as passive aggressive as ever.
Trek it's a fair question but comes from an idiot.
Why would they raise when they have $19M in cash? Unless it's a value accretive deal the board would not countenance it. 10p no chance.
In terms of Cash Flows they appear to have been marginally negative when taking into account the previous fully drawn loan interest payments, but now appear to be positive based on increased revenues and the lower interest cost on the new facility. Will see if YE 2023 reflects this but reality is we are not going to see that properly reflected until 2024 first half is reported. Q2 will also have 2 additional revenue streams added in a gold offtake and silver surface material processed which then starts a 12 month countdown of an $8.75M milestone payment. So basically nobody need worry about cash.
Would be nice of a new deal announcement soon, we have been treated to and have become used to lots of deal announcements, so through 2023 and 2022 but so far 2024 has been quiet.
‘ How is the cash flow here...?’
I don’t understand the context of the question. Aren’t you supposed to DYOR before considering an investment.
Trek
Trek. I added more this morning.
IMO only TRR has one of the best management teams also has great PR. Keeping present & future investors in the company informed via Video interviews etc. I don't do Arguments & will not take the bait. DYOR.
Kwale. Mineral Sands Royalty.Base Resources.Kenya.Mineral Sands. In Production.Trident owns a 0.25% free on board (“FOB”) revenue royalty .
Equinox Gold. Los Filos. Offtake. Equinox Gold.Mexico Gold. in Production. 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 Equinox Gold Brazil Gold in Production. 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 Equinox Gold Brazil Gold in Production.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.
Allied Gold Offtake Allied Gold Ivory Coast Gold in Production.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.
Blyvoor Gold Offtake Blyvoor Gold South Africa Gold in Production.Trident owns an offtake for 100% of the gold produced, less any applicable streams, at Blyvoor Gold’s Blyvoor Gold Mine up to 2,700,000 million delivered ounces.
Victoria Gold Offtake Victoria Gold Canada Gold in Production.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.
Koolyanobbing Iron Ore Royalty Mineral Resources (ASX:MIN) Australia Iron ore in Production.Trident owns a 1.5% Free on Board (“FOB”) revenue royalty covering part of the producing Koolyanobbing Iron Ore Operation in Western Australia.
Mimbula Copper Royalty Moxico Resources Plc (Private) Zambia in Copper Production. 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.
Equinox Gold Santa Luz Offtake Equinox Gold Brazil Gold in Production. 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 Equinox Gold Canada Gold in Construction.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.
i-80 Gold Offtake i-80 Gold USA Gold in Production.Trident owns an offtake for a fixed number of ounces of gold produced from i-80’s Ruby Hill, McCoy Cove & Granite Creek. 40,000 oz per annum due between 2024 – 2028.
Thacker Pass Lithium Royalty Lithium Americas Corp USA in Construction.. Trident owns a 60% interest in a 1.75% gross revenue royalty (1.05% net to Trident)
TRR ha
Mozzy,
The thing here is the uplift in metals prices is just not in the guidance. POG could go back below 2000 and TRR will still exceed numbers. Same for copper.
Best to load up before next results, esp now the 100k seller seems to have moved on!
Usual caveats
Trek
Yes, there is a placing tomorrow, and 10000000000000000000 shares are going to be issued at a price of 0.0000000000000000001p.
The directors, who gave made 8 separate share purchases on the open market since the start of the year, will look like fools.
I'd better sell up now. Thanks for your concern.