focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Copper is performing very well. Don't forget, the minimum payments at Mimbula provide an improved level of income going forward - though Adam has stated he thinks Moxico will surpass the minimum payment plan in the not too distant future. Yes, iron ore has been weak. I think we can realistically expect a $100-120/t range going forward. Other royalty co's are modelling $75-100/t, but I'm a little more optimistic.
To be honest I don't really have an opinion on Adam's pay. Since IPO he's given me a good return on my investment. Having spoken with him/exchanged emails on many occasions I'm aware of how hard he works. He puts himself Infront of the interview cameras as much as he possibly can - much more than most other ceo's that I'm involved with. I think they're building a decent portfolio, and I also think that as Thacker Pass progresses it will be the deal that propels Trident into the big league. It's the sort of deal on an asset that you'd expect to see one of the big boys boast about.
At this stage it's important Trident strives for critical mass with smart accretive deals. So far I've been very happy with the performance.
It's difficult to know when you're relying on a translation algorithm. I guess we'll just have to wait and see whether there's more news on this front. It's not a big asset, but if MNRG take their interest up to 50% then that'll be decent cashflow. It's a relatively simple ISR deposit that doesn't need much capex to get it running. Not many London listed co's can claim they could have a uranium asset in production during this cycle. Perfectly plausible that MNRG could - or certainly have a significant interest in one either way..
One to translate into English...
https://rus.azattyq.org/a/31459438.html
I think we're very similar MS. I'm more of a gold bug too. Like you, I've got plenty of exposure via some of the precious metals royalty companies.
Yes, for a relatively small amount, the Lincoln mine provides some nice near term cashflow, with plenty of potential for expansion beyond the current resource - which'll still be covered by the royalty. Just what you'd want to see in such a deal.
New interview with TRR and the Lincoln mine operator Seduli
https://youtu.be/jFEWZWG6iZo
I agree. The potential here is very compelling, and the recent interview with VSA just underlines how close TTAU are to bringing in a partner and taking Specimen Hill (and Tectonic as a company) to a whole new level.
In my opinion, TTAU is the best positioned (and most attractively valued ) gold/copper-gold explorer listed in London right now
Here's the recording of Adam's presentation at the recent Shares Magazine Investor event
https://youtu.be/4B6ThyfoI2U
I thought that was an excellent interview. Clear that majors are very interested, and Brett's comments towards the end alluded to a transaction sooner rather than later..
Exciting time for the company, and surprised more haven't picked up on TTAU. Many of the AIM listed explorers are obvious lifestyle companies, yet trade on a much higher valuation. The real opportunity is here, imv.
Updated slide deck added to Tridents website. Presume this will be used for tomorrow's presentation
https://www.tridentroyalties.com/downloads/Presentations/Trident%20Royalties%20-%20Corporate%20Presentation%20--%20Q3-2021.pdf
Morning Albus. Hope you're well. Yes, still in Anglo Pac, though wasn't particularly happy about the news regarding JT stepping down.
Very bullish regarding Trident. They've made good progress with some interesting looking nearish term gold assets, along with the Claw deposit at Koolyanobbing soon to be mined. That's predominantly within the royalty boundary there. Minimum payments at Mimbula he'll with cashflow visibility. The jewel is obviously Thacker Pass though, and as things progress there it'll become an increasingly valuable asset. Things looking good for TRR imv.
https://www.**********.co.uk/articles/traders-s-cafe-with-zak-mir-adam-davidson-ceo-trident-royalties-8e7a4ab/
Proactive interview re today's news:
https://youtu.be/h3bxH7qOMBw
By way of a very high-level example in order to put it in perspective, if the entire Indicated Resource at Claw is mined and sold at $120/t, it would equate to approximately US$6.3m in royalty payments on a royalty that we purchased for less than US$4m and which has already paid back +US$1.3m. And this is of course separate from any royalty payments associated with our portion of the Deception Pit (which we’ve publicly estimated is 70% covered by our royalty). So while the royalty may be hit-or-miss on a quarterly basis, I’m confident that it’ll prove to be a very good acquisition. In addition, the volatility will be less pronounced as we continue to add more paying royalties.
Not sure why that cut off... Here it is again:
"By way of a very high-level example in order to put it in perspective, if the entire Indicated Resource at Claw is mined and sold at $120/t, it would equate to approximately US$6.3m in royalty payments on a royalty that we purchased for
Caught up with Adam recently. Here's what he said about the Claw Deposit when I queried the variability in the Koolyanobbing royalty:
"By way of a very high-level example in order to put it in perspective, if the entire Indicated Resource at Claw is mined and sold at $120/t, it would equate to approximately US$6.3m in royalty payments on a royalty that we purchased for