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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
Market seems to like it too.
LCE our cut is worth $5billion.
Boron ?
Adam Davidson, Chief Executive Officer of Trident commented:
"The material increase in Resource following the acquisition of Green Energy highlights the attractiveness of the royalty model, with value add from the acquisition immediately flowing to the royalty. Anson continues to progress Paradox aggressively and we are pleased with the significant amount of activity that has occurred within the short time since we acquired the royalty. With this royalty giving us further exposure to battery metals, and in this instance direct lithium extraction, we look forward to further progress as Anson advances Paradox towards a development decision."
FYI,
I'm a KDNC holder and stumbled upon this that you might find interesting,
Https://www.dossierpolitico.com/vernoticias.php?artid=288589&relacion=&tipo=Principal&categoria=12
Ganfeng Lithium has the possibility of resorting to an existing reciprocal investment protection agreement between Mexico and China regarding the cancellation of its concessions for the exploitation of lithium in Sonora by the government of Andrés Manuel López Obrador (AMLO).
This agreement, signed in 2008, allows a Chinese investor to initiate an international procedure, explained Carlos Ramos, partner at the Hogan Lovells law firm.
I believe this is the agreement in question:
AGREEMENT BETWEENTHE GOVERNMENT OF THE UNITED MEXICAN STATES AND THE GOVERNMENT OF THE PEOPLE´S REPUBLIC OF CHINA ON THE PROMOTION AND RECIPROCAL PROTECTION OF INVESTMENTS
https://investmentpolicy.unctad.org/international-investment-agreements/treaty-files/759/download
I would welcome a legal eye looks over, but article 7 looks very interesting:
ARTICLE 7
Expropriation and Compensation
Neither Contracting Party may expropriate or nationalize an investment either directly or indirectly through measures tantamount to expropriation or nationalization (“expropriation”), except:
(a) for a public purpose;
(b) on a non-discriminatory basis;
(c) in accordance with due process of law; and
(d) on payment of compensation in accordance with paragraph 2 below.
2. Compensation shall:
(a) be equivalent to the fair market value of the expropriated investment immediately before the expropriation occurred. The fair market value shall not reflect any change in value because the intended expropriation had become publicly known earlier;
it's a lengthy document so take a look, it appears Ganfeng have filed the first stage that give four months:
Annex to Article 13 paragraph 5
An investor shall go through the domestic **administrative review procedures as specified by the laws and regulations of the disputing Contracting Party before the submission to international arbitration in accordance with Chapter III, Section One. If the domestic administrative review procedures are not complete within four (4) months after the date an application for the review is first filed, it shall be considered that the procedures are complete and the investor may proceed to an international arbitration** The investor may file an application for the review during the six (6) months consultation or negotiation period as provided in Article 12.
GL
Please tell that to the stock/share price 🙄
Gold is up $44.20 at time of posting = $1912.70. TRR has 9 Gold Off Take etc assets bringing in good cash to TRR .
Https://www.mining.com/raising-capital-now-biggest-risk-to-mining-companies-after-esg/
It's going to make the shortages even worse.
Mining sector out of favour....despite good credentials how low is this sp going to go..? gla dyor
Victoria Gold 124,749 ounces of gold production in last 9 Months of 2023..up17% on same (9 Months of last year. 2022 of,,,, 106,441 ounces).
the Eagle and Olive deposits include proven and probable reserves of 2.6 million ounces of gold and 4.7 million ounces of gold in the measured and indicated category, inclusive of proven and probable reserves.
Victoria Gold explained that both the quarterly decrease year-over-year and the 9-month year-to-date increase were due to a reduction in seasonality as a result of year-round ore stacking on the heap leach pad, a more even distribution of planned maintenance throughout the year and a growing heap leach pad which moderates quarter over quarter gold production.
The company noted that the quarter-over-quarter decrease in grade was due to mine sequencing, adding that ore and waste mined, ore stacked on the heap leach pad and gold produced were all negatively impacted in Q3 2023 by an approximate 2 week evacuation in early August due to wildfire activity.