Member Info for Cacher

This looks an interesting fund for anyone with a longer term outlook. December video with the fund manager really sets out it's stall.

https://ceo.ca/@businesswire/altius-reports-fourth-quarter-2020-attributable-royalty

Crossover with APF LIORC revenue

Good to see. Adds a bit of confidence

Yes, I suspect it'll be once Adaro have reported on Kestrel. Should be soon.

Expecting the numbers for Q4 next week

Brief mention in today's VSA energy transition podcast
https://soundcloud.com/user-596578261/vsa-capital-tech-transitional-energy-podcast-261120

Took an initial position today. Was impressed with this morning's news, then even more impressed when I delved deeper into the value on offer here. Market valuation paltry - especially given the potential going forward in an increasingly green energy powered world.

Q4 and FY 2020 Production and Sales Highlights:

Record quarterly V2O5 production of 3,340 tonnes (7.4 million lbs1) in Q4 2020, an 11% increase over Q4 2019
Record annual V2O5 production of 11,825 tonnes (26.1 million lbs1) in 2020, an increase of 12% over 2019; Within 2020 V2O5 production guidance of 11,750 – 12,250 tonnes
Quarterly global V2O5 recovery4 of 80.6% in Q4 2020, a 4% increase over Q4 2019
Record annual global V2O5 recovery4 of 81.4% in 2020; a 4% increase over 2019
2020 sales guidance exceeded: Total V2O5 equivalent sales of 10,260 tonnes in 2020, exceeding high-end V2O5 sales guidance by 260 tonnes
Record quarterly sales of 3,751 tonnes of V2O5 equivalent in Q4 2020, a 31% increase over Q4 2019
2021 Guidance

V2O5 equivalent production of 12,000 – 12,500 tonnes; V2O5 equivalent sales of 12,250 – 12,750 tonnes; Cash operating cost excluding royalties2 of $3.10 – 3.30/lb V2O5 sold; Total cash costs of $3.50 – 3.70/lb V2O5 sold; Sustaining capital expenditures6 of $8.0 – 10.0 million; Vanadium trioxide (“V2O3”) processing plant expenditures of $7.0 – 9.0 million
Planned shutdown in January 2021: Implementation of kiln feed rate improvements to increase nameplate production capacity to 1,100 tonnes of V2O5 per month; Kiln and cooler refractory replacements; Planned preventative maintenance program
The Company will strongly focus on the advancement of Largo Clean Energy and its VCHARGE± battery technology for the fast-growing renewable energy storage sector

Playing very much into SEIT's bread and butter...

https://www.reuters.com/article/us-usa-climate-business-idUSKBN29O2JN

News out from Altius Minerals today that their renewable energy royalty spin out should IPO next month. I'm of the opinion that once Altius is back to its knitting of being a diversified mining royalty co, a possible merger with Anglo Pacific could be on the cards. Both CEO's talk openly of the need to get scaled up and reach the critical mass that some of the precious metal royalty peers have achieved. I think today's news from Altius brings that merger a step closer.

Downing Renewables & Infrastructure Trust plc ("DORE") has signed an exclusivity agreement with Bagnall Energy Limited ("Bagnall") in relation to a proposed investment in a 100 MW nearshore, shallow water wind farm to be constructed in Lake Vänern in southern Sweden (the "Wind Farm"), developed by Cloudberry Clean Energy AS ("Cloudberry").

Bagnall is part of the Downing Estate Planning Service, which is managed by Downing LLP, DORE's investment manager.

The exclusivity agreement gives DORE the option to enter into a commitment for the Wind Farm once certain conditions have been met. Once these conditions have been met, DORE would own c.40% of the project, with Bagnall and Cloudberry owning c.40% and 20% respectively. Confirmation of the acquisition is expected to be be announced in the summer of 2021.

The 100 MW wind farm project in Lake Vänern is the second wind farm on the lake and is situated close to existing grid infrastructure. It includes 16 turbines with an estimated annual power production around 350 GWh, significantly strengthening the access to clean and renewable energy in the region.

DORE, which raised GBP122.5 million in its IPO on the London Stock Exchange in December 2020, is targeting investment in a diversified portfolio of renewable energy generating assets and other infrastructure assets in the UK, Ireland and Northern Europe.

This project forms part of the renewable energy and infrastructure pipeline identified by Downing LLP and disclosed in DORE's prospectus dated 12 November 2020.

Tom Williams, Head of Energy & Infrastructure at Downing LLP, said:

"We are delighted to sign this exclusivity agreement today with the option to co-invest with Bagnall. We look forward to commencing the imminent construction of the 16-turbine project with an operational launch date for 2023/24. Cloudberry is a leading hydropower and wind power plant expert in the Nordics and the wind farm is going to significantly improve the region's access to clean and renewable energy, supporting our mandate of investing in a diversified portfolio of high-quality renewable projects while continuing to play our part in global efforts to combat climate change."

http://investomania.co.uk/2021/01/are-sse-shares-undervalued-at-their-current-price/

*I should say Adaro move out of the area

Hey Albus.
Kestrel move out of the area covered by the APF royalty within the next 2-3 years. The royalty covers a portion of the wider Kestrel area. The estimate was from around 2022/23 production would come from a blend of reserves - some existing within and the rest outside of the area covered by the royalty, and thus income falling away once the royalty covered area is depleted.

This looks a decent place to park some cash over the long term. Clean/green energy efficiency is a trend that isn't going away for the foreseeable. Management team seem to have their fingers on the industry pulse too. Decent dividend.

https://www.braziliannickel.com/capital-raising-27-million/

I've added more over the last couple of days too. Happy to sit on these and see where it goes

Holding up nicely

Anglo Pac flying on TSX. Well over £1.50 equivalent

I'm in heavily on both and, unsurprisingly, I think you'll do very well. A lot to like in the diversified mining royalty space over the next decade or so, given the expected global infrastructure spending, electrification thematic and general under-investmwnt into commodities such as copper etc