Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
I suspect you're the only person who hasn't filtered him
Wait until the takeover falls out of bed, that's when this will go. If the takeover goes through, you get your money back.
As close to risk free as buying T bills.
Make sure you're on the right board Guvvi, this the link and just go from Friday, there's quite a few posts, too many to copy amd paste here.
https://uk.advfn.com/cmn/fbb/thread.php3?id=43017016
Check out the ADVFN thread from Friday Guvvi, it's all on there
An RNS is not required until full mining capacity resumes and or Corica situation resolved one way or another.
Go on the ADVFN board and check it out, all the links are there, the first post from the new contractor was on Friday.
I don't see how any of this affects Yan tbh as both Yanfolila and Kor are sperate JV entities.
Looks increasingly likely that Corica have gone .. according to linked in a company called Zimalco has partnered with HUM at Kor for mining services.
Apparently it's a three year contract so unlikely just to be a stop gap until other contractors return. This is according to the other board and linkedin.
Pen oles on a rip today
Happy Easter everyone.
EOY cash at hand 6 million
Gold on hand 3.5k ounces or 7.7m at 2200
Cash received from raise 23 m
Yan Q1 18.5k AISC 1500 & 2K gold = 9.2m (FCF 11.2)
Dugbe Placing (2m)
Sub total 45.9m
Kor Q1 5k gold at 2200 (23m)
Corica full claim quantum (27m)
Q1 Debt Schedule (19.25m)
Sub total (69.25m) (19.1m)
Personally I think the most likely result is a bilateral compromise and Corica returning to work, possibly with Corica earning a royalty out of it. Worth noting that despite the war of words, neither party has yet to terminate the agreement. I think Corica will be more than aware that the commercial viability of the project is now in there hands. Is it worth 5% to get them back into work and earn a share of future earnings?
Getting harder and harder to buy.
Couldn't get a quote again so had to stick it on as a limit order.
If I'm not mistaken, HZM haver produced anything but borrowed and borrowed to fund drilling and pie in the sky DFS's.
Kor is still producing... I'm expecting 18,5k out of Yan and 5k out Kor for Q1
Also circa 3.5k ounces sat in inventory at YE produced at much much less than the 2150 collar cap.
In short I think you have held the risk here and sold out just at the point of deleveraging, just to buy the same build and capital risk at SRB.
I could be wrong of course, it's all just my humble opinion
If gold price is all that matters to you as investor then avoid gold producers Jammin and buy leveraged physical metal ETFs.
If on the other hand leveraged returns of cash are more important then you need to be looking at producers who are expected to have elevated rates of ROCE whilst ignoring debt where DCF outstrips liability.
My thoughts are that you have jumped out of the frying pan and into the fire... HUM a few weeks away from a monstrous rerate with Kor resolved and gold at 2200 puts HUM at circa 50p on a DCF based valuation.
SRB on the other hand are where HUM was relative to number of projects and ambitions more 2 years ago and with a significant funding gap over current MCAP.
Personally I think anything over 40p for SRB is expensive until they fill the gap. Plenty of people have 5h1t themselves over the volatility here, you're certainly not on your own
Exactly chique... HUM's claim against corica is non delivery of contracted tonnage., so the less Corica work the less they have to claim against HUM.
HUM need to sort out replacement fleet at the expense of Corica's exclusivity. The longer the negotiations, the longer it takes to court replacements.
You're right Jammin, we should just stop bothering mining the other 90k ounces a year at Yanfolila as it's not worth it anymore. Yanfolila alone literally produces almost 3 times what all of Searbi does, then there's kor which will be sorted by Tuesday (hopefully) then there's the 1 billion NPV at Dugbe all for less than the price of SRB's 30k
Too much here to pump and dump, this is the opposite... Dark pools are operating here.
Seriously though, don't put too many eggs on Coringa it'S been only 2 years away since 2020 and they've still not plugged the funding gap.
But it would make them more accountable Spacehoppa, IE nowhere to hide
Need to become an owner operator at both sites Spacehoppa... HUM have been nothing but D1ck3d around by fleet contractors for the last 3 years now.
Weakness starting to build in USD/JPY will be good for gold when it finally falls out of bed as it will start to make gold cheaper to buy in Japan.
*years....
Hate this phone