Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
"....world's worst economics...."
It was based upon the original JORC that is likely at least a 10th of the resource we will be declaring soon.. and based upon a plant sized to process a much larger resource. What it showing is original JORC was marginal and uninvestable..... but on that basis a significant increase 3x... 4x... will be attractive.....
We are about to declare 8x.... 9x... 10x..... or more.
I'm afraid your arguement is a bit weak trying to suggest we won't have an attractive economic model based upon the last one produced. Best just to focus on your own investments as you seem to wear brown coloured tints when you look at XTR.
Is that an Obelisk Obelix? Or a Menhir? Lol.....
Wouldn't want to be out of this one over the weekend........
No delay reported.... and they are always up front at informing us before the stated deadline..... so I'm reading that as news likely soon.... no more delays.
Great to see the sp rising again.
Great to see a bit more chat on the board today.... hopefully we will see even more if the RNS drops tomorrow.
Gla
Your optimism is infectious Obelix..... couldn't help adding a little more.
Good point made in the groupchat..... annual results last year were published on the Monday. Ideal opportunity to update us with all the relevant news..... so I agree with Obelix... Monday Tuesday Wednesday next week we should see something interesting from the company.
I'm right in saying that Caerus are issuing a JORC soon on Troulli?
Surely that will add some bankable value here. You are right. So much good news has been knocking on our door lately but the market is hardly reacting.
GLA
Great info DCat. I wonder what discussions are going on.... wonder if they will be getting an offer just to have the resource taken off them.
Do you think the board might have an appetite for a leftfield offer? Or is it all about company building?
There has to be some news in the next 7 working days to stick to the Q1 promise so keep your eyes peeled.
No excuse now not to report something regarding all the work done over the last 9 months.
Gla
I'm interested to see how this will be reflected in the commodity prices used in the feasibility study. I like DCats numbers but want to see what Jangada are prepared to put on their flag.
You can say that about most AIM companies... especially commodities. They are on AIM to raise easy capital to progress their projects but most over the past 10 years have failed to achieve the progress they promise.
I cant speak for the past performance and it sounds like there are a lot of previous investors that will never get their shirts back on this.....
But if Mankayan gets funded we will make money (from here).... if the Cypress assets get into production (not highly capitalised projects), we will make money (from here)....... if the Zambia and Namibia projects get into production we will make money (from here)..... and at any point there is potential from Namibia, Zambia or Botswana that they might turn out to be significantly bigger than current attribution.
Always treat AIM stocks with a healthy level of cynicism.... but I doubt we won't be seeing at least one of these in production in the next 2 years.... so I can't see how we won't be making money this time around.
Imho
I hope first production at Fairbride is RNS'd along with a repeat of the JORC numbers for 2 reasons.
1. Out of respect, because its been such a journey for shareholders, and
2. So we have an RNS to point new investors to....
A post in the ground....... a line in the sand..... a declaration of independence.... (oops im on a roll).
I think the only reason for them NOT to relist would be attractive loan term for mine financing. We know that for commodities there is a definite shift in sentiment for raising money so that is a possibility.
That said..... if it were me I'd definitely spread the risk..... so I would update the portfolio for Mankayan, including updated JORC and feasibility with a clear breakdown of intended sources of funding, followed by a listing which will then have a clear (and hopefully achievable) target.
Once that money is in I'd start building the team ready to deliver the project, and secure the remainder with a mix of venture capital and forward selling of the metals.
BZT might be able to provide some money for contingency later on, once they start getting revenues from Cyprus/Africa in 2023 (or we could provide some via cash raises here too.... but I'd hope we would only do that from a significantly higher MC)
I think it all starts with the IDM listing though.... so it would be good to know timescales for this.
That's sounding really good for an end user of the TiO ore..... unless of course there is a case for our own pigment plant.
I really hope JAN publish at least the plan by month end. Even if there are some reports still to feed in, we at least deserve to know the direction of travel.
Good industry news. Definitely supportive if JAN are intending to exploit all the mineralisation they have on their licences.
Looking forward to the next RNS.... cant be long now.
Howezap, my reading of it was in line with you I think. He reiterated that he is on target for his timescales this time (unlike previous ones.... which he acknowledged).
But as we all know the permits for drilling are still being processed it must mean that additional definition on Ascot and the Racecourse southern extention will still be ongoing when we declare the 2MT......
All good in my opinion.