Member Info for Cacher

Quite happy buying around these levels. Will certainly add a lot more if that pound shop begins trading again..

Https://www.firmreturns.com/ecora-resources/

..whoops, accidently pressed post!

I was saying that the reporting requirements for a listed company are much more stringent, so SSR will provide regular updates - whereas Lydia didn't have those obligations. I was slightly disappointed the timeframe to production was pushed back even further, but the resource is there, and it's a world class deposit - so it's not really an issue. Plenty of growth to come from the Sandstorm portfolio over the next 5 years..

Hi MS. Yes, caught that news yesterday re Sandstorm. I'm pleased SSR have operational involvement at Hod Maden now. As a listed co the re

Presentation from KF to the OTC markets from a few days ago
https://www.youtube.com/live/jz-DnhjqPvY?feature=share

Well, I've added here a couple of times over the last two days. Well into my buy zone now. Crazy that we're just 10-15% off 'end of the world' COVID lows of 2020.
By far the cheapest royalty and streamer on the market.

I hold both (and many other royalty & streamers).
You're comparing apples and pears when putting TRR against WPM. As you say, Wheaton is predominantly precious metals focused - with some exposure to the PGM complex and also to cobalt (same stream as ECOR). Trident are pursuing a balanced portfolio across the entire mining sector - so eventually approx 1/3 will be precious metals focused. The other difference is that Wheaton specialise in streams, whereas TRR are royalties (and offtakes) up to now. So you'd hold these for different reasons. Trident are trying to fill a gap that is currently vacant. There isn't another royalty and streamer that has such a broad mandate as TRR. It gives them great leverage to go chasing deals when nobody else wants them. In comparison, Wheaton look primarily at precious metals, so face stiff competition from peers for those deals. That said, WPM are a juggernaut in this space, and only really Franco and Royal Gold can go toe to toe on spending power. Trident, in comparison, is very very small. The other interesting thing about Wheaton is that a good number of their streams are on the precious metal by-product from some of the biggest copper deposits globally. I expect the big precious metals players to be right at the forefront of financing the drive for more copper - which the world will undoubtedly need.

Afternoon MS. Yes, I added too today.
Added to a few royalty positions across the pond too.
From a TRR point of view, the volatile gold price will be very good for their offtakes

The entire Mexico/lithium/Sonora situation is messy. It was a great opportunistic move from TRR to put themselves in a position to pick up a royalty on Sonora, but there's no obligation on them to move forward if/when the opportunity arises.
This one looks like a no-go to me. Fortunately it's all systems go at Thacker Pass, and that's a company maker for Trident in itself

Surprisingly quiet here today.
Thought today's update was decent enough. Still heavily skewed towards Kestrel, but the development pipeline is where the excitement is for ECOR. Santo Domingo, Piaui and West Musgrave all rapidly heading towards production. Still, would like to see a pick up in dealflow in the near term and build some momentum.

https://renmark-drupal.s3.amazonaws.com/vndr/trident-royalties-plc/2023-04-11-10-00-00/index.html

From April, all rented commercial property will need to have an energy performance certificate (EPC) rating of band E or better to be let or sold and failure to achieve this will see landlords face potential fines of up to £150,000.

David said: “There has never been more of an incentive to embrace solar power – by occupiers and landlords alike – with buildings unlettable if they don’t meet have the required EPC rating.

“Thus, there is a significant opportunity to drive more solar energy in the UK, by over-cladding existing commercial property with PV (photovoltaic) cells.

“According to the UK Warehousing Association (UKWA), there is more than 424 million square feet of warehousing space on premises spanning over 100,000 sq ft.

“This alone could deliver nearly 10,000 acres of space for solar PV use, not to mention the potential in other property uses such as office buildings, supermarkets, and so on.”

The UKWA also says UK warehousing has the roof space for up to 15GW of new solar, which would double the UK’s solar PV capacity. This could meet National Grid’s minimum requirements for solar expansion by 2030.

With 15 GW of solar fitted, the warehouse sector could generate 13.8 TWh (terawatt hours) of renewable electricity per year – transforming the sector from net consumers to net producers.

https://www.thamesvalleychamber.co.uk/commercial-property-has-the-power-to-boost-uks-clean-energy/

https://www.proactiveinvestors.co.uk/companies/news/1011483/octopus-energy-funds-to-pour-millions-into-new-hydrogen-firm-1011483.html

Makes more sense to list on the TSX in my opinion. Many of the North American investors that I know tend to avoid the illiquid OTC markets and buy their resource stocks on either the Canadian exchanges or London.
Moving off AIM onto the main board would be a good thing, and a TSX listing equally so.
I am pleased that TRR see a NA presence as a good thing though

Natural for a royalty and streamer to buy assets using debt, and pay down that debt from cashflow. Just have to look at how the big PM streamers execute large scale deals. Most important thing is the deals themselves are accretive

https://www.oemupdate.com/press-release/aquatech-gets-contract-for-lithium-refining-process-at-lithium-americas-thacker-pass-project/

The gold royalties weren't production stage, so the price of gold was irrelevant as far as they were concerned. Equally, it'll be many years until TRR draws any income from lithium royalties, so the short term moves in the price of lithium are inconsequential. What is more relevant is the fluctuations in the price of gold - where TRR are able to take advantage through their considerable overtake portfolio.

Recording of the Capital Markets Day

https://youtu.be/591zhKpAO3U

Added today too. A lot to like, and attractive dividend.

I think that's a major aspect Sam. I wasn't convinced of the CEO appointment, and since JT left he's done very little to change my mind. Had JT still been at the helm I'd likely be adding plenty at this valuation, but unfortunately that isn't the case and I've held off. The occasional interview telling us what we want to hear isn't going to cut it. What investors really want to know is how the income gap between Kestrel running off and commencement of full ops at Piaui/West Musgrave/Santo Domingo will be filled. Where's the dealflow we were assured was coming? I appreciate not every deal meets the criteria or gets over the line, but MBL has said many times that the next deal is close.
Currently, the perception is that the board don't give a damn about the falling share price. The occasional director buy generally ignored. I see little in the way of proper PR - especially in the US and Canada to a market that's well versed in the royalty and streaming business.