Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
I'll be making the trip down from Doncaster next Thursday, so very much looking forward to seeing Shaun, and meeting everyone that posts here - I'll make myself known :-)
@acechaser and anyone else interested....I use Rome2rio to find out the best way to get between any 2 places in the world, including Liverpool street station to America Square. Really useful!!
2WM
There is also the same Russ Mould article trending on Yahoo finance (and in shares magazine)
https://uk.finance.yahoo.com/news/mining-stock-could-worth-weight-060000729.html
Exposure like this can only help bring in new investors....I've been here for 3yrs+ and read everything on here but don't post much as I cant add further to other informed posters.
GLA all,
2WM
Off topic a bit, but like others on here, I have been perplexed as to why gold isn't moving much higher given all the money printing and geopolitical tensions around the world. I follow David Brady (Sprott Money & Silver Chartist writer) who says all the catalysts are in place other than a Fed pivot. Interestingly, he's recently noted that Fed commentators are now talking about a softer tone being used with regard to their aggressive interest rate hiking policy......hopefully this is an early sign of cracks appearing in the dam, leading to the dollars decline and gold moving much higher over the coming months and years as GGP nears production.
Here is a link to a recent D.Brady interview on this: https://www.youtube.com/watch?v=fBEDAv-SAxc for anyone interested with an hour to spare!
Asset Update
Bamps....I wanted to thank you for your summary of GGP assets yesterday - great work! Can I ask - if these were little acorns, which one would you put your money on to produce the best oak tree ? (smiley face emoji)
Great Post Zoros,
I calculated a baseline figure of $127m for 5%......this is very simply based on GGP's MCap of £562m/$765m representing the 30% that GGP currently own (1/6th of $765m).....This does assume zero value attached to other parts of GGP.
I also considered the 30% of the 4.4m oz from the MRE (now over a year out of date)....This attributes 1.32m oz to GGP, so 5% of this would be 0.22m oz......if this was mined at a very conservative profit (after AISC & taxes etc) of say $600 per oz, then this would be worth $132m.
These represent minimum valuations for the 5% imho, and if the MRE2 doubles the resource, these figures would double also....thats still excluding additional gold not yet fully proven within Hav.....supports your $175m - $220+ valuation.
2WM
@Mattyboy - sincerest condolances Matty - I salute you for your selfless caring of your Dad and hope you have many happy memories of him.
@TomE - pleased you have the all clear - Live life to the full.
@Benrumpson1
I like you your simple 1/3rds pricing rule.....if I apply that to the known 4.4m oz, we get a bottom line figure of $132m for the 5%.
This is similar to the $127m I have calculated from the SP by assuming GGP's market cap of £562m ($764m) for 30% of Hav (not assigning any value to GGP's other tenements).
So based on this, I think anything less than $150m for the 5% is robbery......A good MRE next month could easily double these figures without factoring all the other potential rewards Hav has to offer.
Just my thoughts.
GLA all holders.
2WM
According to google, Basel 3 implementation date for the UK has been delayed by a year to 1 Jan 2023
When looking at the answer to the question 'When was Basel III implemented?', the answer given is:
Basel III was agreed upon by the members of the Basel Committee on Banking Supervision in November 2010, and was scheduled to be introduced from 2013 until 2015; however, implementation was extended repeatedly to 1 January 2022 and then again until 1 January 2023, in the wake of the Covid-19 pandemic.
2WM
Hi Mickey,
In that article, Tavi Costa makes the case that the gold miners are 61% undervalued against their historic relationship to the gold price, based on gold at current levels.
Great bit at the end where he focuses on Northern Star, where a $10k investment around 2010 would have been worth $3.4m at the peak around 10 years later!
Same again please Shaun!
2WM
Interesting interview with Keith Neumeyer (CEO of First Majestic Silver) regarding the prospect of eliminating the banks from the silver market, together with comments on silver market manipulation....IMO this guy has some balls.....if he's manages it, we'll ask him to come and do the same for gold!!
Hope the link works....
https://www.youtube.com/watch?v=V-nbataQ0sU
2WM
My top up of 23,000 at 14:03 shows as a sell......you wouldn't have thought it would be too difficult for transactions to be recorded as a buy or a sell, rather than guessing from the transaction price.
I cant help keeping topping up :-) ......this is going to be an exciting ride!
GLA GGP holders.
Hi All,
For me I appreciate simple 'back of fag packet' calculations on the company valuation, as it puts perspective on the share price - appreciate that many assumptions that have to be made though, and in 12m time it will be much higher.
I took Corradus' figure of $550 as the buyout price per oz (based on the Tropicana deal but adjusted up for a lower AISC).....the pog ($1800) minus the AISC ($600) would give a figure of$1200 which any buyer would demand a hefty discount to.
What is exciting though, is that if the Pog increases by 25% ($450), then this should elevate the buyout price to $1000 per oz without affecting the AISC too much, thereby increasing the value per share from 41.5p to some 75p. (All based on 15m oz deposit). Gold bull markets in the past have seen the pog rise by many hundred %, so a 25% rise could easily happen in time.
Have been reading on here for many months, and am fully invested....would like to thank all the informed posters for their wonderful insights and for giving small PI's like me the confidence to invest significant amounts of our wealth into GGP.
GLA holders,
2WM