Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Apologies F1 I read your post wrong. Agree cash is approx 3.6p ish.
Wrong!
Cash stands at A$11.9m = £6.4m
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Fricking long phone call lol.
Andrew, Colin has said several times publicly: "The equity option in Moz Gold does not relate to Alluvials" "Alluvial operations are NOT the business of listed companies" We do not yet know whether the equity stake will be taken or not. My personal opinion is that the wider plan is yet to be revealed. - That's just my opinion and I'll wait (contently) until we see the bigger picture.
Olderandwiser. If you read my ‘musings’ from Thursday, I had already excluded Omnia from Alluvial contribution because their 8th Feb agreement only contributed 100tph - which I believe was purely from their mobile test plant (although that plant is capable of c150tph?) Like most, I am disappointed at the Q1 results (although I think it’s been proven that the rains this year were exceptional) My investment in XTR has however, always been based on the MCAP v DFS. I remain positive (although with eyes wide open) and I will continue to monitor progress over the next few weeks / months. For what it’s worth, I added yesterday as, like I’ve stated, the DFS is still there and getting closer.
Is Colin Bird about to play the equivalent of a Royal Flush at XTR? Moz Gold have Alluvial rights on FB block M until August. They will then move onto another area within Manica to process alluvial material - why? Omnia have a free reign on the non-DFS sites all over Manica, they are clearing / stockpiling alluvials to access the hard rock - which could be processed by Moz when they leave M block? - Is that what the equity stake / takeover of Moz is aimed at - Moz assisting in the access to Hard Rock whilst generating revenue and helping Omnia at the same time? (Maybe why Omnia agreed to MOZ taking over the Omnia Alluvial plant?) Then there’s the Omnia 50/50 split (at no risk to XTR) on non DFS Hard Rock - Dots Luck, Guy Fawkes, Boa Esperanza plus other (as yet undefined resource) within the Manica licence. *Important to note that Omnia are not heavily committed to alluvial processing in their new contract. Can Colin make a deal with Nexus? They (Nexus) take the FB DFS Hard Rock (30koz p/a) with an 80-20 split ( 20% free ride = $7.8m p/a net with spot gold c$1300) plus, they relinquish their rights to the 60% Alluvial income from Explorator. Omnia at 50/50 (risk free) non-DFS Hard Rock = $5m p/a net min’? - I can’t see Omnia agreeing to a 50/50 split without significantly more than $5m to them (net) per year? - So I consider that a conservative figure. 100% of the 25% to Explorator (assuming it’s Nexus after FB DFS) = $12m p/a net min’ (Sino + Moz) = minimum $4m p/m which is what Sino produced in Q4 ‘17 prior to their ramp up in mid January ‘18) Based on this ‘speculation’ the total revenue to XTR (including that of the 100% owned Explorator) would be: $7.8m p/a DFS $5m p/a minimum (Omnia Non-DFS) $12m +/- Alluvials (Sino and Moz) Total revenue $24.8m p/a $24.8m = £17.73m p/a COSTS: Present corporate costs XTR c£550k Increased Alluvial costs c£1.5m p/a (based on $254k Explorator / Nexus combined costs for Q4 ‘17 and allowing for increase / additional costs) Total Rev £17.73m Costs £2.05m Net Revenue £15.68m P/E of 5 (conservative on 7yr LOM which will likely be extended in due course) = £78.4m MCAP £78.4m / 350.561 Sii = 22.36pps Interestingly, this ( speculative by me) business plan would not require any additional financing or equity raises subject to agreements to conclude JV contracts. We would, I expect, provide (and pay for) further drills throughout Manica and explore new ventures over the border in Zimbabwe - following the green belt that generated the Manica resource. This would be from cash revenues if proceeded with toward the end of 2018. Perhaps this is why Colin keeps reiterating “Manica consolidation” Just my thoughts, musings and speculation. As always - Do your own research.
It could do. Possibly. ‘If’ that were the case then Colin has a very strong negotiating position. 20% of FB DFS hard rock and Nexus have to relinquish their 60% Alluvial rights from Explorator? I’d take that as a massive (non risk) step forward.
Sino took delivery of new yellow plant in January.
Agree there CB. Consolidate FairBride / Manica then pay for additional depth with cash from DFS then look to Zim.
10 year Alluvials contracts. DFS currently at 7 years. There’s a story there Weapon... something about increased mine life?
Gets paid to be controversial. Just background noise - ignore.
Lol. So the LSE and Twitter ramp is responsible for the team that DW has put together, including a former Indonesian government advisers joining the team. Tomorrows newspapers; Twitter reaches new heights - Multi million £ Oil company created with tweets!!! LOL
Bernie, Never spoken with you before but I get the impression (from reading months of your utter tosh) that you would have told Chris Akers that spending £25k on a sports website platform would be a waste of good money.......
Kool, That was what got my attention - ie; PS. This is why we're temporarily suspending. Sit back, relax, enjoy the weekend all.
People are holding here from 2,3,4 x the current SP and are unlikely to sell when it looks like a corner will be turned. Add that to the low free float and you'll see the SP tick up on just 100 / 200k trades - as happened yesterday and today. Bodes well for next week....
Unfortunately I don't have any insider knowledge so quite 'what the plans are' I don't know. But there are plans - we'll just have to wait and see. In the meantime, sentiment has just started to kick in, volume will increase (as it has) and word will spread. SP going only one way IMHO. We'll see......
Shares in issue - 185mln Directors holdings - 3mln +/- Institutions holdings 43mln +/- Free float - 139mln+/- Shares traded in last 3 days = 9.83mln including today so far. *Cash in bank *Low free float *Increase in volume *MCAP currently at 30% +/- of cash position as of 30th June *"New opportunities for transformative upside" What's not to like?
-- Significant cost reduction expected from summer 2015 abandonment program -- Continue to evaluate new opportunities for transformative upside potential -- Strong financial position including cash at June 30, 2015 of US $13.5 million -- Large reduction in ongoing G&A costs So, as of 30/6/15 we have $13.5mln cash in hand. Cash burn being greatly reduced and on the look out for assets - "new opportunities for transformative upside" Lots of cheap opportunities out there for companies with cash.....
Going on in the background. Rumours of news and sudden rises....