Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I’m just amazed that ANYONE would sell this stock right now. Mick’s investment in NextSource... the share price is 5x higher in a month! FAR’s re-rating hasn’t even started yet.
I guess some of the current shareholders are just being cleared out now. Sophisticated instos coming in and taking a proper long term view.
Btw... RNS said that Mick would soon be appointing another Director. I wonder who that will be. With his contact network I bet it will be someone really good ...exciting
Clearly Sir Mick thinks this is going to be a $500m+ company...otherwise why would he have negotiated a right to put more money in at 78p!!
Also deal being done with co-investment by another ex CEO of a major mining company! (ex CEO of Anglo American). Has that ever happened before where two ex CEOs team up together?!
They know what they’re doing. So the $2bn+ valuation from the Competent Persons Report must be real. This could be huge.
Topped up in the last 24 hours...but how high is this gonna go? Back to the IPO price of 60p+ probably
This is gigantic news! Mick Davis is one of the most prominent businessman in the mining industry.
I see his fund bought a stake in NextSource Materials in February...and it did 4x in a week!!
...and the NPV of FAR is 10 x that of NextSource!!
Finally, someone who can deliver this beast of an asset. It’s incredible news!
Tamesis has just released their initiation note - 40p target price. The guys at Tamesis are very experienced so I always like to see their view on the sector. The note is available from their website....just need to log in.
Confirmed that strategic investors are at the table. First time they’ve done this! ...and also mentioned that new approaches have been made. Chinese must be lining up to do a deal.
Maybe that’s why they’re doing the cost evaluation exercise....to provide bidders with updated cost info to allow a deal to complete?
Hi everyone. The CEO, Adam, is presenting at another webinar on Wed 19 August. Let’s join and share some thoughts. Keen to hear collective views (link below to register)
https://www.sharesmagazine.co.uk/events/event/shares-investor-evening--webinar-190820
Exciting times! Iron ore prices trading at c$120/ tonne. Bodes well for the Koolyanobbing payments...after the A$903k received in Q2 when iron ore was closer to $90/ tonne and with the mine ramping up. Record imports into China in July.
https://www.tamesispartners.com/research-portal#/portal/tamesis-partners
Can register here and get the Tamesis notes.
Btw, one correction: I mistakenly said A$4.7m/annum. Just re-read the note and it’s actually TOTAL. It did seem too good to be true. Still...looks to be a fantastic deal with minimal upfront cash payment, and large upside if the asset moves into production
Also...my opinion after reading the announcement:
upfront payment is A$400k and the royalty would pay A$4.7m per annum (!!!). This is at a gold price of A$1,500 or more (which is US$1,040 or more ...well, we’re safely going to stay above that price for a long time to come!)
It’s good to see TRR using a small amount of their cash to secure these kinds of royalties. The returns would be massive if this comes into production...and they’re experienced mining investors so I reckon they know what projects are worth backing.
Tamesis note came out this morning and said “ It wouldn’t be unrealistic to see production from Spring Hill within two years from now”.
“The deposit is easily accessible via existing road infrastructure and is located approximately 28km from Kirkland Gold’s (TSX: KL) Union Reef mill, which has previously and successfully trial-mined a bulk sample of the Spring Hill ore.” ...which means that they don’t need to build a new plant for the project - great!
Managed to listen into the London Mining Club webinar with TRR’s CEO, Adam Davidson (posted the link below, but can’t find a replay option). Key highlights for me are:
1) They’ve been watching the port volumes for Koolyanobbing shipments and they’re up around 60% on Q1 – with the iron ore price also up significantly, that should bode well for the Q2 payments. Should be very positive for the stock when announced
2) Adam talked to around US$3.5 – 4.5m of royalty receipts in 2021 from just the first two deals they’ve done (that’s an IRR of about 50%+!!) ...and they still have another $15m left to invest in other royalty deals (the speed these guys are moving at, I’m sure they’ll deploy that soon).
3) they’re expecting to announce a couple of deals in the next few weeks – should be positive for the stock if you look at the buying volume that came in after they announced the Moxico deal
4) also, he noted that the first two deals were both more than 20% annual returns at the time the deals were done – and commodity prices have gone up since....so they’re even higher now
Great result. These guys are not messing around. Love it
Link: https://londonminingclub.org/event/the-leaders-and-laggards-in-the-precious-metals-market/
(Let me know if someone can find a replay?)
I've investigated this. It's an ongoing arbitration between Vedanta and the government of Zambia, but that is between those two parties (nothing to do with Moxico). Moxico’s licence for Mimbula was granted in 2017 and isn’t in dispute. Mimbula definitely in production.
Great to see the Trident team deploying capital so quickly. Payback on this looks fantastic! Done well to secure a producing copper royalty...and CEO of Moxico Alan Davies has an amazing track record (ex Rio guy, who was apparently almost made CEO)