We would love to hear your thoughts about our site and services, please take our survey here.
Thanks MS.
So on this basis "Trident owns an off take for 100% of the gold produced up to 58.5koz per year at Equinox Gold’s Mercedes Gold Mine and Greenstone Gold Project until March 1, 2027."
if Gold sells at $2k per ounce is this 58.5K x $2K = $117M per annum?
Lets hope they start full production soon given it only runs until sometime in 2027 hopefully calendar year end
Citywire article 2nd Nov
"Yesterday, chief executive and chair Ron Zwanziger, chief technology officer and director David Scott, and chief scientist and director Jerry McAleer handed in their resignations, effective immediately, according to a stock exchange announcement."
And
"LumiraDX has outstanding debts of $350m and an equity valuation of just $26m. Having faced liquidity issues for several months, the company had to amend its $173m loan with BPCR for the 15th time yesterday."
Looks to me that BPCR are not getting paid more than a few cents per dollar on this capital
No online trade at HL by telephone only as this is listed in USD paid £50 charges to get in at 98cents though.
Ian Cowie from II
"From the macro to the micro, overseas and close to home, it all seems to be going wrong for the marine-leasing specialist Tufton Oceanic Assets Ord. Now here’s the funny thing: I recently bought more shares in SHIP and, even though these are already “underwater”, I remain more inclined to buy than sell."
https://www.ii.co.uk/analysis-commentary/ian-cowie-hat-trick-misfortunes-im-holding-my-nerve-ii529893
Bumped +36% today on huge volume 74mil to 13.5c no news I can see
15/11/23 - Net Asset Value (pence): 187.56 with shares at 157.5p that's now a 16% discount
Re-rating with CPI drop now 3670p a long way to go though i reckon
"27Bn shares in issue means the 9c dividend costs 2.4Bn EUR
Free cash flow is at least 3.3Bn EUR"
Cut the dividend in half to 5% gives almost 2.2Bn EUR spare, to reinvest and pay down debt?
Anyone else on the live Investor Meet just now?
Interesting graph on how successful Franco Nevada have been in the gold market.
TRR focus is different in that they are focussing on diversified royalties; Precious, Industrial and the "green" battery markets.
60% of the NAV is in Tier1 jurisdictions Canada, USA & Australia so low risk.
41% Lithium
32% Gold
19% Copper
6% Silver
2% Iron ore
Yes I'm a buyer here, hopefully overhang removed
I agree with KR1 and wouldn't recommend any single crypto miner stock.
A good way to get miner and crypto exposure could be the Vaneck ETF Digital Assets (DAGB)
10 largest holdings
Security Weight
APPLIED DIGITAL CORP 11.28%
MARATHON DIGITAL HLDGS INC 8.74%
BIT DIGITAL INC 6.96%
RIOT PLATFORMS INC 6.88%
MICROSTRATEGY INCORPORATED 6.37%
NORTHERN DATA AG 5.90%
TERAWULF INC 5.73%
CLEANSPARK INC 4.77%
HUT 8 MINING CORP 4.69%
BLOCK 4.37%
Here is the explanation for Barclays cut
https://uk.investing.com/news/stock-market-news/dr-martens-slumps-on-barclays-downgrade-3235184
Sharecast - The bank said that having stuck to its ‘overweight’ rating through several profit warnings, it is now downgrading due to weak Google (NASDAQ:GOOGL) trends/Similarweb data and a big second-half weighting, given macro risk.
It also pointed to increased capital intensity via store growth, pressuring EBIT margin/return on capital employed, and greater conviction elsewhere in its coverage, given the wider de-rating of consumer stocks.
I don't having been suckered a long time ag when it was called Loyalward.
I only follow for curiosity and amazement that this is still going.
Note to self, register a new company with a few directors and a dubious yet believable claim on barren piece of land with monumentally difficult legislation to overcome for planning, then sit back and watch the sunset spending other peoples money.
Is the last info we have on debt from the interim results?
£1660m is Everest sized considering market cap now £360m!
Deleveraging
At 31 December 2022 net debt was £1,728m, with leverage of 5.6x. We are already making good progress with our deleveraging plan, with leverage having reduced to 5.1x as at the end of June. This is driven by a combination of £13m growth in pro forma Adjusted EBITDA, together with a £68m reduction in net debt, to £1,660m at 30 June 2023. The reduction in net debt is primarily driven by favourable foreign exchange rate movements on the debt principle, but H1-23 also saw the Group generate £11m cash inflow (excluding customer balances) despite £23m of exceptional costs paid out in the Period.