Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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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/
TRR has 8 Gold off takes & 1 gold Royalty, which is the Lincoln Gold Royalty, all on producing mines & bringing in good cash to TRR & of course, there is also the Avino Silver and Gold Mines Ltd. Mexico Silver mine which is in Construction which TRR has Royalty etc on.
Gold has just opened in Asian markets and has gone ballistic Up 50 points at 2121. Let’s see how it’s doing when the UK market opens but it looks as if TRR should have a good start to the month with all its gold royalties.
The Feb contract closed at $2091 on Friday which is new ATH
I also hold Legal & General Gold Mining ETF & Vaneck Junior Gold Miners ETF
.
Chief Financial Officer Richard Hughes buys 200,000 shares at 32.13 pence, worth £64,260, on Wednesday. He is now interested in 800,000 shares.
I don't really listen to many people/investors on these boards but Cacher & Mullins58 I do have time for, as I know they are real & Present investors in TRR etc. I follow my own investing instinct and take responsibility for my own judgments. Good & bad. Good Informative Posts needed & when needed Informative Criticism.
Ped , I will try to remember next time. ATB
Proves the market worth of this business and more importantly the execution that they can get a lower rate in today credit market.
PS - Mullins any chance you can add a description to the posts you title RNS, eg, RNS - Credit Facility
New Low-Cost Revolving Credit Facility
Trident Royalties Plc (AIM: TRR, OTC: TDTRF) is pleased to announce that it has entered into a commitment letter with BMO Capital Markets and CIBC for a new US$40 million revolving credit facility (the "RCF"), with an option to increase the facility to US$60 million via an accordion feature. The proceeds will be applied to retire the existing US$40 million secured debt facility provided by Macquarie Bank Limited.
The key terms of the new RCF are:
- US$40 million senior secured revolving credit facility;
- Additional US$20 million accordion feature, allowing further debt capacity, subject to certain conditions;
- Interest coupon of SOFR plus 2.5 - 4.5% (depending on leverage ratios), resulting in interest savings of up to US$1.3 million per annum if fully drawn, relative to current SOFR plus 5.75% rate1;
- Revolving facility, with flexibility to be drawn and repaid, with the undrawn portion only subject to a standby fee of 0.88% - 1.58% per annum, providing further savings relative to the current fully drawn term facility;
- Three-year term, with a one-year extension option.
Closing and drawdown of the RCF are expected in early Q1 2024 and are subject to the execution of definitive documentation and related security, and other conditions customary for a financing of this nature. Net debt currently stands at approximately US$21 million, post completion of the Antler acquisition.
Adam Davidson, Chief Executive Officer of Trident commented:
"This refinancing marks a key step in Trident's evolution, as we develop our capital structure by introducing a flexible lower-cost debt facility which has the potential to expand to support future acquisitions. Lowering our cost of capital directly improves our competitiveness, increasing our ability to deploy capital to drive value accretive growth. We are delighted to have the support of both BMO and CIBC, who are leading financiers to the sector and share our long-term vision for building a substantial diversified mining royalty business."
Https://www.mining.com/web/global-ev-mandates-would-require-388-new-mines-fraser-institute/