Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Excellent news this morning. Just the broader lawsuit against LAC and Thacker Pass to get past now. Judge ruled in favour, though the appeal from a couple of environmental groups will be heard over the next couple of months.
LAC and Thacker Pass has the full support of the Biden administration.
Yes agree it's frustrating. Must admit I've added some shares recently given the cobalt, met coal performance and the lack of acknowledgement of that in the APF valuation. To a generalist investor, the CEO selling down his holding will always be a turn off. For me, it's provided an opportunity in a company that I think should outperform over the medium/long term.
I'm looking forward to seeing who comes in to fill JT's boots. I'm hopeful they'll be better at telling the story here - especially over in North America. I suspect we'll see a proliferation of diversified/battery metal/non-precious metals focused royalty companies come to market over coming years - just as we have in the precious metals royalty sector recently. I'd like APF to be that little bit better with their media efforts in today's modern world.
Same to you Albus. Have a great Christmas everyone. I think 2022 bodes very well for APF and for royalty companies in general. With operators wrestling with opex creep and developers feeling the inflationary hit In their capex projections it's a great time to be invested in royalty companies and sheltered from those cost over-runs.
I can't see anything other than a material rerate for both Altus and Trident based on their very accretive recent transactions. Both now have substantially different cashflow profiles than before. Both companies recognising the key to a successful, growing royalty company is achieving scale through leveraged acquisitions. Using their newly acquired cashflow to enable cheaper debt funding in order to grow is the tried and tested way that the big precious metals royalty companies have achieved phenomenal returns.
Yeah this is looking extremely bright.
Another good interview today. Nice to hear from Paul Smith
https://audioboom.com/posts/7996653-traders-cafe-with-zak-mir-paul-smith-chairman-trident-royalties
Adam interviewed about today's transformational deal
https://youtu.be/9FhDWvGmPb0
Halted on the TSXV pending a news release
Here's the presentation from yesterday afternoon. A particularly good Q&A session
https://youtu.be/6pwmVCqRgv8
Hi Dusty. From what I understand, 90% of 2022 production at kestrel will be on APF royalty land. That drops to 60% in 2023.
Some good information too in the video link below. The Brazilian Nickel CEO talks about smaller scale nickel production from Piaui by mid next year. That'll be a huge plus for APF when that particular operation gets into production.
Will be interesting to see what's discussed tomorrow..
https://youtu.be/bBeXQ4J-o6w
Here's Harvey's pitch at the recent MATPN Event
https://youtu.be/ySy41SzAzig
Here's the video presentation from last night:
https://ukinvestormagazine.co.uk/trident-royalties-investor-presentation-november/
Lake Rebecca is a great addition to the portfolio. An uncapped NSR covering the entire land package - it captures all of the exploration upside that Ramelius will undoubtedly want to undertake. They haven't bought this for its current 10 year mine life. I expect Lake Rebecca to be producing on a 20+ year production profile. Excellent cornerstone income stream for Trident. They did very well to get hold of this one.
Excellent 30+ page research document available on VSA's website too. 175p target, as you say.
Dividend payment day - yes.
Next XD is 25/11 for 1.75p
Here's the Yellowstone Advisory presentation from last night:
https://youtu.be/Czykp97XZhI