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How is the cash flow here...?
I am concerned about cashflow....is there a placing on the cards. I will buy in at around 10p
This is why I like commodity Royalty Companies . when a commodity is down in price or out of favor, another commodity is up in price and is flavor of the month. TRR is very diversified with its assets and metals & bringing in good cash for the company . Gold.Copper. Lithium.Silver. Mineral Sands etc . Also Royalty company's don't have the overheads that come with owning the actual mine. Even if a mining company gets sold or mining company goes under.Royalty company still owns the Royalty on that mine & land for ever. IMO only & DYOR. Gold & Copper price in a good place, as of today April 18-2024
CU now $4.41 per lb
With Copper at 2 year high TRR is looking very good
Copper Futures - May 24 (HGK4) $4.3418
Thanks MS. I believe Moxico are looking to list this year, so that'll bring more attention to the Mimbula asset. The problem with unlisted companies is that they don't have any reporting obligations
Copper (Comex) .... USd/lb. $434.75+$9.45
TRR Asset...In production... Mimbula Copper Royalty.
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.
TRR owns....Advanced Antler Copper Royalty
Trident owns a 0.90% net smelter return royalty (‘NSR Royalty’) over the Antler Copper Project, operated by New World Resources, located in Arizona, USA.
Pukaqaqa Copper Royalty
Trident holds a portfolio of three existing royalties over the Pukaqaqa Copper Project, an advancing copper asset located in the Huancavelica region in Peru.
Likewise figures distorted by cancelled or amended trades, in the case of an amendment , it will show up as 3 trades on 3rd party sites , original , canc/amnd and finally the correct print, all carrying the same time stamp. On 3rd party sites those will be seen with a HYPHEN - prefix against , usually price/volume/cost.
Only those involved in the actual trade, ever know the true status of any transaction. 🙄
As previous , unknown just chokes , nothing to do with dark arts , black trades or mm hocus pocus, that's just traders skimmers and scalpers pumpers excuses to suit their agenda. 🙄
Trades which is all the real exchange prints are mislabelled in both directions on most shares, what you see on 3rd party sites like this one ,is their rehash of the original exchange trade, trying to be helpful with trends ratio's etc, with a BEST GUESS on all.
Zero to do with MM/Market just a really dimbo Algo GUESSING , its as simple and tragic as, based on what IT thinks is the current range and mid price.
All above BUY , never the case, all below SELL ditto and all it chokes on , exactly on its mid, delayed trades , or now seen outside of its range = UNKNOWN, that popular button we all push daily. 😉😂
TRR Price 35.49 are buys but showing as sells. IMO only & DYOR.
....who and why is selling then?
They are all ‘O’ type trades. The spread is +5% but as there is a seller it looks like they are happy to offload stock.
So the ALGO put the price below the mid and prints a sell here. The ALGO can take 10mins to run as well
Remember only the agressors trade is posted for ‘O’ type so the sell can be a buy.
Usual caveats
Trek
Correct - my buy this morning also showing as a sell.
This seems to happen constantly with TRR - any ideas why?
All buys.. showing as sells
Those prints as sells today are buys. One of them is mine. All at same price.
Gonna go in big here. Seller is the reason why there is an opportunity.
Gold narrative aside. Click on the director deals tab top of this page. See all the sells!…..lol!
A consistent history of buying on OPEN market. Not your usual lifestyle execs!
Real deal here I’m telling ya.
Next results have 2k POG baked in. So gold has to go below 2k to fk their guidance up. Don’t see that personally. So guidance will go up.
Lithium in US will take care of itself and the Bacanora legit is in the price already. Been kicking about for an age now and either way we can get our money back plus it’s all part of the risk management profile. Not a big %.
Once that seller clears this will fly imo. But some folk like to wait. I get that. Then you have to take a chance on liquidity.
Usual caveats
Trek
Https://www.mining.com/gold-price-sets-record-for-eighth-session-in-a-row/
Https://www.equinoxgold.com/news/equinox-gold-commences-processing-ore-at-greenstone-project-first-gold-pour-on-track-for-q2-2024/
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.
Nice, isn't it?
Great find Trek
Sector due a rerate or is it happening?
“ According to Business Insider, gold miners experienced their best performance in a year in March 2024. During that month, the gold mining sector outperformed all other U.S. industries, surpassing even the performance of semiconductor stocks.
Still, physical gold has outperformed shares of gold-mining companies over the past three years by one of the largest margins in decades.”
https://elements.visualcapitalist.com/gold-price-vs-gold-mining-stocks/?utm_source=VC+Elements&utm_campaign=e67df38863-VCE_Email_APRIL_09_2024&utm_medium=email&utm_term=0_f3fdb4328c-e67df38863-47046010
Trek
Still a 100k seller and they are dumping back to back 10k’s. Possibly Amati as they were the last reduce TR1.
No reason to be put off by this. TRR is lagging peers and the gold rally. Seller is giving buyers liquidity imo.
Have topped up again from sells elsewhere.
Usual caveats
Trek
Equinox Gold Commences Processing Ore at Greenstone Project: First Gold Pour on Track for Q2 2024
Vancouver, British Columbia--(Newsfile Corp. - April 9, 2024) - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) is pleased to provide an update on commissioning progress at its Greenstone Project in Ontario, Canada. The Greenstone Project is being developed as a 60/40 partnership, respectively, by Equinox Gold and Orion Mine Finance Group and will be one of the largest gold mines in Canada, producing approximately 400,000 ounces of gold annually for the first five years and more than five million ounces of gold over its initial 14-year mine life.
Ore was introduced into the grinding circuit on April 6, with first gold pour expected in May. More than 1.5 million tonnes of ore have been stockpiled and 70,000 tonnes of low-grade ore has been pre-crushed to use for early commissioning feed. Progressively higher-grade ore will be fed into the mill as production ramps up toward planned throughput of 27,000 tonnes per day, with commercial production targeted for Q3 2024.
Greg Smith, President & CEO of Equinox Gold, commented: "Following 2.5 years of construction, Greenstone is on schedule to commence gold production in the first half of the year, as planned. This is a significant achievement and a testament to the experience of the Greenstone team. Greenstone is a world-class asset, and reaching production will be a pivotal milestone for Equinox Gold. Once operating at full capacity, Greenstone will be our largest and lowest cost-mine. We look forward to first gold in May and continuing to advance the project to commercial production."
Equinox commences ore processing at Greenstone
https://www.newsfilecorp.com/release/204785/
We'll see income from stockpiles this year, with production commencing in earnest by year end. As you say, silver looking very good, and it's great timing all round.
Silver nearly $28 now.
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 comes to production shortly. Looks like TRR is " in the right place at the right time" again. No wonder we've seen multiple director share purchases recently.