Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The company said its gold production was up by 17% in the first 9 months of 2023 compared to the same period in 2022, while Q3 2023 production decreased 17% year-over-year.
Victoria Gold Offtake
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. https://www.kitco.com/news/2023-10-04/Victoria-Gold-s-9M-2023-gold-production-up-17-despite-Q3-setback.html
The US Energy Department is in talks to lend a record $1 billion to the developer of one of the country’s largest lithium deposits in a push to build out a domestic supply of critical minerals.
The Biden administration and Lithium Americas Corp. are negotiating the terms of an agreement that would fund more than half of the cost of the Thacker Pass mine in Nevada, according to a person familiar with the matter who asked not to be identified discussing confidential information.
https://www.mining.com/web/us-weighing-record-1-billion-loan-for-massive-lithium-mine-in-nevada/
Https://www.theglobeandmail.com/business/international-business/article-lithium-americas-reportedly-in-talks-with-us-energy-department-for-1/
.."The Biden administration is negotiating terms of an agreement that would fund more than half of the cost of the Thacker Pass project, the report said..."
Pedrobull...well said...^ the market price is the price^..
I agree but the market price is the price.
Part of the problem is a general risk off due to interest rates and precious and industrial metal commodities are under pressure as well due cash/treasury yields and China Evergrande etc.
Also TRR is listed on AIM and that as far I'm concerned is a circus!
I'd buy more but have too many already!
GLA
I dont understand the low sp...perhaps the market doesnt understand what the companys potential really is....
Not surprisingly, more interest today...
Https://www.thisismoney.co.uk/money/investing/article-12552239/MIDAS-SHARE-TIPS-UPDATE-Lithium-powers-Trident-Royalties.html?ico=mol_desktop_moneymarkets-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Fmarkets%2Findex.html&_ga=2.157289596.758025479.1695542255-1504148608.1637757497&_gl=1*tlnvmd*_ga*MTUwNDE0ODYwOC4xNjM3NzU3NDk3*_ga_XE0XLFFF16*MTY5NTU0MjI1Mi40NC4xLjE2OTU1NDIyOTUuMC4wLjA
Two analyst notes out yesterday plus a rising commodity market with Gold at $1965 & Silver at $23.8 yet TRR drops 2% to 43.5p
TRR is around 5% of my portfolio tempted to add but maybe I'm in enough here as if does hit 80+ it'll be 10% of my portfolio!
GLA
"The royalties over the La Preciosa project provide Trident with exposure to one of the largest undeveloped primary silver resources in Mexico, noted analysts.
Stifel observed that post-interim momentum has persisted with subsequent acquisitions, including the Dandoko gold project in western Mali and the Paradox lithium project in Utah, which offer “potential for near-term revenue”.
Challenging equity and debt markets increased the attractiveness of royalty financing, noted analysts, giving Trident a 'BUY' rating with an 85p price target against a publication price of 46p.
Liberum analysts echoed the above sentiment, stating that Trident is in an “excellent position to sign more deals, with rising cost of finance making royalty financing increasingly attractive”.
Liberum also has a 'BUY' rating on Trident stock, with an 81p price target."
https://www.proactiveinvestors.co.uk/companies/news/1026944/trident-royalties-savvy-dealmaking-underpins-analysts-optimism-1026944.html
Revenue in six months to June 30 rises 44% to USD4.5 million from USD3.1 million a year earlier.
Swings to pretax profit of USD5.7 million from loss of USD800,000.
Swing to profit helped by USD7.0 million profit on disposal of intangible asset, rising markedly from USD1.9 million in 2021.
"Trident has continued to see material advancements at several key assets, with permitting decisions resulting in the commencement of construction at the Thacker Pass lithium project. Deal flow is now accelerating. The La Preciosa transaction completed during the period was then swiftly followed by two deals post-period. All three transactions have enhanced the diversity of our portfolio and are set to contribute to our growing cash flow," CEO Adam Davidson says.
HIGHLIGHTS
· 45% increase in royalty receipts in H1 2023 compared to H1 2022, with further growth expected in 2024.
· Sale of several pre-production gold royalties with cash proceeds of up to $15.6 million and a 140% return on invested capital.
· Solid progress across the portfolio, including the Thacker Pass Lithium Project which is now in construction.
· Completion of the La Preciosa acquisition, providing Trident with exposure to silver, further increasing the commodity diversification of our portfolio.
· Post period, the announcement of two further royalty acquisitions over the Dandoko Gold Project in Western Mali, and a royalty over Anson's flagship Paradox Lithium Project in Utah.
· Admission to the OTC Market in North America, improving investor accessibility and strengthening Trident's presence in the US.
Adam Davidson, Chief Executive Officer of Trident commented:
"Trident has continued to see material advancements at several key assets, with permitting decisions resulting in the commencement of construction at the Thacker Pass Lithium Project. Deal flow is now accelerating. The La Preciosa transaction completed during the period was then swiftly followed by two deals post-period. All three transactions have enhanced the diversity of our portfolio and are set to contribute to our growing cash flow.
It has been a solid start to the year and the Board and I eagerly anticipate sharing further updates as the year progresses."
Https://www.londonstockexchange.com/news-article/TRR/interim-results/16127373
US committee recommends royalties on minerals for EVs in sweeping reform proposal
https://www.mining.com/web/us-committee-recommends-royalties-on-minerals-for-evs-in-sweeping-reform-proposal/
They appear to be about 30km apart, if I have got the right place.
https://www.google.com/maps/dir/McDermitt+Mine,+Nevada,+USA/Thacker+Pass,+Nevada,+USA/@41.767597,-118.2199574,10z/data=!3m1!4b1!4m13!4m12!1m5!1m1!1s0x54b49221ba19a07b:0xcc8bd7813f668b6d!2m2!1d-117.8123665!2d41.91878!1m5!1m1!1s0x54b4de728714d627:0x87a76d8380de6e14!2m2!1d-118.0729281!2d41.6998969?entry=ttu
Scientists say they have discovered the largest lithium deposit in the world inside an extinct volcano in the United States, capable of meeting global battery demand for decades.
Volcanologists and geologists reported evidence of the McDermitt caldera on the border of Nevada and Oregon containing up to 120 million tonnes of lithium, holding the potential to disrupt the price and supply dynamics of lithium globally.
Mining could begin as early as 2026, according to geologists at Lithium Americas Corporation, who made the discovery alongside GNS Science and Oregon State University.
https://www.independent.co.uk/tech/lithium-volcano-battery-electric-cars-b2409045.html
Thacker Pass is in the middle of the biggest lithium deposit on the planet. 3x the previous biggest, in Bolivia.
Gold Price up at time of writing.
Silver. Up at time of writing.
Cooper. Up at time of time writing.
All above and other commodity's brining in good cash for TRR.
Https://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=5&vw=own&SecurityToken=0P0001EPPX%5D3%5D0%5DE0WWE%24%24ALL&Id=0P0001EPPX&ClientFund=0&CurrencyId=BAS
This new investment and Blackrocks World Mining Trust (that I also own) take institutional mining funds to near or over 50%.
Professionals obviously get the TRR strategy.
Https://phys.org/news/2023-08-evidence-mcdermitt-caldera-largest-lithium.amp
Good management shall always prevail in time. As with TRR.
Nothing wrong with Trident, in fact the company is growing at a steady , well thought-out and diligent pace & with a management keeping investors and would be investors well informed regularly. I am not a day trader & don't do arguments on here. “ Any fool can criticize, condemn and complain and most fools do.”. Good informative discussion needed on here. I have been here from beginning & could of sold at 60p but I know better than to do that. I take responsibility for my own actions & if I get it wrong,not just here but also in life. I get a good night sleep and start over the next day . DYOR people.
Yes just watched Adam Davidson video..he seems a well grounded sensible kind of guy..but as with a lot of new aim quoted companies the sp can be a bit up and down....the jam tomorrow is pretty certain though...dyor etc..