Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
There is one good thing about today. All those giving negative thoughts on here will go away tonight in the knowledge that they are such great traders and wont need to come back tomorrow and will leave this board to tumble weed. Who really thinks that will happen? I wonder why not?
Well they have taken the decision to move away from coal and go for "Supporting a sustainable future." They need now to find the earners for the future! Once the "green lobby" get their way, things should start looking up. Still think they need to keep looking for more to replace kestrel. "HZM" with a tier 1 nickel mine nearing completion, next year, are looking for more funds. Makes you wonder if they may be looking in that direction?
Qui audet adipiscitur
Looks like it soon maybe time to go "dollar shop" shopping!
"Tempus fugit"
Royalty/streaming companies are specialized Financiers, they are there for just this type of situation.
Agree with what you guys say, that this would so fit Ecora Resources, with their "Supporting a sustainable future" brief. Ideal timing to replace Kestrel, they have been looking for new prospects and they definitely have the clout.
Builders back at the pound shop today for another refurbishment, took down the shutters looking at reopening. There are rumours that they asked albus to cut the ribbon.
Guess they may want to get the Q3 Trading update out before the US elections, so best guess 2nd November. However in 2018 it was out the end of October, so could surprise a week early.
*fan of buybacks, * without the buyback. I should have stuck to the Latin!
More very interesting research as always Cacher, thank you.
I have never been a fan of buyouts, I would have preferred even buying some more Labrador Iron Ore Royalty Corp LIORC, than a buyback. LIORC are not far off the price, when they were purchased in 2018 and 2019. At least we would have had a long term producing asset to show for the money.
BUT, and there always is one, there is no doubt that, without the buyout in this instance, we would have been pushed so far down the aisle of the pound shop, even albus couldn't have dragged us out. With the Q3 trading update hurtling down the road, a possible transition investment or two in the works, and a buyout that finally seems to be working throughout the day, those pound shop door hinges are getting very squeaky, very squeaky indeed.
I wouldn't dream of correcting you on anything albus!
In the words of the Great Eric Morecambe "I am playing the right notes, but not necessarily in the right order."
No worries, mydogsbestfriend, I learned a long time ago, "quieta non movere"
I needed to be able to read the signs when delivering the papers in the posh areas! "cave canem"
Is albus worried if he goes into the pound shop tomorrow, they will lock the door and wont let him out again until 2025? du**** volentem fata, nolentem trahunt
David! Don't do your video in your hairdresser, do it in the pound shop, it will have more impact!
I see albus has been donning that mask again, for his possible visit to the £1 shop! "magnum vectigal est parsimonia"
Especially for albus "abundans cautela non nocet"
Thank you albus for the summary. APF have said they will not look at any more thermal coal Royalties because of their new Green Agenda. But do we know whether they would consider another coking coal royalty, especially if it was a cracking one like Kestrel?
That old pirate cipher to hide the place you buried your treasure!
You hide it in the things your shipmates most talk about or use.
R_____ ock_______S
O__________ut____H _____ ouse
W________________O ____ men
K_____a__________R
A__hoy ma________T ____ ey
Kestrel! From the 2019 annual report "The accelerated volumes which we are receiving from Kestrel will
boost our cash flow in the short-term, but will also shorten the expected life of mining within our private royalty land."
In 2019 it was expected that there would be two to three years of very high volumes from Kestrel, following which it was expected volumes to reduce for a further two to three years before tailing off. From my reckoning the high volumes reduction is sometime in 2022. Please enlighten me where I am wrong on the timing. To replace the Kestrel income earned in 2019 would require a further £17m of additional annual revenue to be acquired over the next five years.
The Brazilian Nickel project is more jam tomorrow, 2025 to be precise, but spend today. Unless I have read the map wrong, our "superb" Kestrel coal royalty runs out of our zone well before that. We need to know what is going to fill the gap, if a decent dividend is to be maintained and the share price is not to spend the next five years in the present doldrums.