Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Good luck Jimmyjohn, Amtech, Baillo Aidan and all the other LTH ers I’ve missed. The times I’ve despaired at URU over the years. I hope today is a significant watershed for us all, no matter how long we’ve been here. What the Zeb mine actually holds is, for now, irrelevant because nobody knows the answer. The sp will reflect sentiment, not the reality.
Techguru, I’m with you on the positivity and don’t intend bailing when I get back in the blue. Looks like there is a fair bit to unfold here and I don’t intend leaving the party early. Just want the luxury of having the choice to recover my hard earned.
Dave85 - excellent analysis of a key element of the filing statement. The avoidance of specific language is a legal necessity to avoid any possible future claim of negligence. Your explanation of the context in this case is very a helpful for those who may have been un-nerved by the ‘no mineral resources’ in the filing statement.
GL to all, particularly LTH ‘ers.
Jono, pages 34-52 of the 240 page filing statement on Sedar.com clearly set out the ‘prospective’ resources in considerable detail. I suspect, as a matter of legal precision, the part of the filing statement that says Zeb has no mineral resources, reflects the exploratory nature of the venture. It also says this is a risky exploration but we’re getting a chance to invest based on the potential with Zeb, based on what is believed, rather than what is proved.
It would be wrong to categorically say Zeb has no mineral assets and any interpretation that is the case is, in my view, likely to be very misleading.
Of course, we are free to draw whatever interpretation we chose from the documents available. I prefer the optimistic outlook.
A few on here seem to have very high expectations in a very short time. I agree there are issues of concern but it’s only 3 weeks or so since the presentation. I see no reason to run for the hills any time soon. Covid is a major concern across the globe and diagnostics companies are expanding to counter the threats from future pandemics. We’re all still learning so I’m staying calm, keeping my short term expectations in check and sitting on my ODX investment for some time to come.
No idea at all I’m afraid jono. All I know is that time will tell. Blue Rhino have submitted the filing statement but also commissioned the January 2021 survey, which says something entirely different. Both made be works of fiction but people doing their research ought to be aware of them both.
Jono, it’s fair to point people towards the filing statement from Blue Rhino but to show balance, they ought to be made aware of the Zeb survey commissioned by Blue Rhino in January this year, see a link in a post on here Wednesday last week. I know your view on this but others ought to read both documents and make their own minds up. Your sweeping dismissal may not be entirely accurate. I’m not stating a view on what may happen short or long term but I’ve been here long enough to know things have not always been as they seem when JZ is involved.
The RNS says that shareholders will be notified when trading will resume. My interpretation is that we will have a further RNS before 2.30pm if it’s going to happen today. Happy to be corrected on this.
Jono, I’ve no idea why the report comments on prospective minerals in that way.
See the below from Castaway last Wednesday. After a considerable body of research for Blue Rhino, the consultants estimated the value of the minerals to be in excess of $1,000 million. Well worth a read.
https://www.rns-pdf.londonstockexchange.com/rns/9390Q_1-2021-3-2.pdf
I’ve just been through the filing statement. Any LTHs who think this is another pig in a poke scheme may be reassured by the detail and analysis in this document.
ZEB Nickel Corp may take this project into production one day and URU currently have a controlling interest. I hope that works out very indeed for all shareholders.
Noob - good luck this coming week. Fingers crossed.
Very valid concerns Legalwolf. AP did gloss over the partner question but it may be that the board are all sufficiently confident of the asset that they drive prospective partners away with very tough terms. AP’s commitment to underwrite the issue may support that view. He also referred to ‘sticky money’ coming in. That may be from offshoots of the current board or NEDs, but either way, it supports the confidence argument. A little further down the track, prospective partners may re-appear and be tempted on our terms, not theirs.
I haven’t written off the idea that AP knows what he’s doing with the asset and with partnering.