Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
A very interesting interview. Those investors demanding an update should listen to it because that's what it was. I will keep my thoughts to myself but it was very informative. Those epecting news will and should wait for an RNS.
CB last bought at 0.73p on june 2000 after we had just bought the Kalahari licenses and 6 months later we initially sold 9 of them 6 months later to SFR when the SP spiked over 2p. CB knows he can't buy too many due to the SP spiking but to me this is a huge vote of confidence and 2p will be with us very soon
Flipper I'm not even thinking that the NW Zambia license is in the top 8 of our licenses. It might be one day but it is years off finding something. We have assets where the drilling as started and the news is already very good.
Just to confirm my takeove analysis was everything gone for £200 million for the 9 licence areas so £22 million per area. Sandfire might have to pay us £80 million on the ones we have sold them. So why not pay £200 million for everything and they have inside information.
I do think Sandfire will take us over but not yet. They will probably build up their stake up to 15% first. I also don't see the Kalahari assets being sold quite yet and Sandfire will be very interested. They also stragtegiccally will be wanting to build a position in Zambia next door to Botswana. I think CB will be offloading the Nevada, Bulawayo and Kamativi prospects first. I hope Luansobe will be sold off but CB likes Zambia and so it might be a core holding and we involve a contractor to go mining.
My reasoning for Sandfire taking us over is that we are worth £12 million and they would get the Kalahari licenses they're definitely interested in and a Zambia land grab for the future. However, they would need to offer £200 million which could be paid for in Sandfire shares.
Data I think Sandfire have a 10/15% stake in AFP but they have ditched the AFP kalahari licenses. So I see Sandfire more as a silent partner in AFP. However, GLR are definitely there for Sandfire to complete big deals and investment.