Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
What are peoples thoughts post close today?
Based on the fundamental NPV of our assets, anything north of 1P should be possible on announcement of funding. Given the focus on the industry this week, we should expect an organic rise following the presentation.
Price predictions??
And some more big buys coming in this morning too... News incoming I think!
Could not agree more Magmanus! Hoping for news later this week! :-)
GLA!
Also another question, TRP was exponentially higher than the current SP in years gone by - what were the biggest catalysts to the SP dropping to current levels?
Morning MM,
Apologies if I came across as short sighted - Looks like some great opportunities brewing. I strongly believe in African based commodities/exploration businesses and TRP has been on my radar because of this.
What are your thoughts on a prospective buyout based on the licenses held? I've just dropped some $$$ into my ii account and will be picking up some shares today.
I've heavily researched this company and the evidence we have for any long term upside is all anecdotal. Do any other LTH's have evidence to suggest there is a link between our licenses and those which have seen huge deposits elsewhere?
What are the deadlines for?
Forgive me ignorance - I can’t find any reference to dates anywhere around the funding.
Ignore me. Just answered my own question - end of September.
https://www.lse.co.uk/news/TRP/tower-resources-raises-gbp15-million-to-prepare-njom-3-well-1oo6c7h7tu8sqts.html
And when is funding expected to be announced? I notice when you zoom out and look at the 3Y and 5Y charts for TRP, the SP has been multiples higher but this was years ago. What is different about this funding compared to any previous projects?
Thanks for the reply!
I can definitely see the potential hence my interest. I just noticed lots of buys this PM along with some news coverage which popped into my feed.
I can see you've been invested for a while. Where do you see the upside potential here? AS we have fairly low MCAP with huge dilution...
All,
New to the board so forgive my ignorance.
I've done some research and I'm struggling to understand exactly what benefit TRP gets our of the TotalEnergies deal?
Like I say, new hear so go easy!
@Suhail. How do you feel about the statement below from the Chairman?
As a significant shareholder I, like you, am most disappointed that we were unable to achieve sustainable profitability at an operational level for our Capricorn Sapphire operation leading to its expected disposal at a loss, but, as the Company was unable to raise funds to re-finance Capricorn Sapphire, the Board had to take this difficult decision to sell Capricorn Sapphire.
This statement from September RNS (Interim update) suggests a difficult period ahead. I like you, am a holder but I am nervous about the potential for the company to go bust when selling off the only material asset. Interested to hear your thoughts as a well researched contributor.
Could not agree more here Suhail... I followed your advice and bought in at the low prices and I will continue to hold for the foreseeable based purely on the research I have done (never mind the information I have found by digging through some of your posts earlier this year!) My favourite is the link to the free float... http://www.richlandresourcesltd.com/investors-and-media/press-media/shareholder-information/... Based on the figures you're quoting; you hold A LOT of what's free!
Well myself (and a friend) have taken you're advice and bought big... Hope to see that 1P you're talking about; that would make for a great Christmas!
1p by Christmas? That would be an extreme rise!... Reading about the disposal, how do you think the relative value paid for the Capricorn Mine (rumoured at CAD$150,000) will be factored into the SP? This will all be confirmed by Monday either way so I expect a rise in the meantime just unsure to where... Any thoughts?
Is there an indication of Value on the Acquisition?
What are peoples target prices here? Obviously the RTO will be finalised by Monday.. Just curious to see where people think this will run in the meantime?...
That all sounds very promising. What do you think a disposal would bring to the SP though? I’m intrigued to see where it heads tomorrow/Friday....