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Started: Smallholde, 13 Jun 2024 13:05
Last post: xtw2, 25 Jun 2024 14:54
I think Adam Davidson & the BoD have also caved in because of the disappointing performance of the Share Price. I mean, just 8 months ago, the SP was dwindling around a ridiculously low 30-35p (which is when I filled my boots) and AD & the BoD were expecting it to be hovering around 85p by now. I suspect they’re simply fed up of waiting, as well as getting nice jobs in Deterra.
RNS 13th June
"Further details of the Offer, including an expected timetable of key events, will be contained in the Scheme Document which is intended to be published, along with notices of the Court Meeting and General Meeting and the Forms of Proxy, within 28 days of the date of this Announcement, unless Trident and Bidco otherwise agree, and the Panel consents, to a later date."
So nothing missed as of yet..
Hi there- I was wondering the same. Plenty of volume since the Deterra news and some of the RNSs since indicate recent purchases and sells. No idea what it means but suggests to me that a lot of people are at least watching this! The IC article encouraged me that another bid could appear but I’ve watched some of ST’s recommendations in the past and honestly, who knows.
I still haven’t seen any information on when or how to vote- have I missed it?
Does anyone think there's someone (or several someone's) out there buying up stock to solely influence the percentage of either yes or no votes?
There's a fair few sells, so someone is still buying...
I often wondered why the sp never reflected in the true value of investments.
I just could never get my head around it.
Sorry to say I have sold, small profit.
I hope you guys can vote against it..very low offer imo.
Started: Nickthesaint11, 17 Jun 2024 14:59
Last post: Stuartrm, 21 Jun 2024 10:39
ST stated that the un-risked net asset value is 70.3p per share and the risked value is 56.3p. He went on to say that Tamesis predict a step-change in profitability with pre-tax royalties doubling from $13.3m in 2024 to $26.9m in 2027, resulting in a tenfold operating profit increase to $12.3m. Interestingly, ST did not say vote against the offer. Personally, that is my preferred option unless any improved option is significantly greater than the current one.
Pedro, the conclusion was sit tight and wait, see if another bid emerges. There seems little to lose by doing so.
Not registered but Headline says DEEP DISCOUNT to NAV
so in short NO
Started: MosquitoSqudron, 13 Jun 2024 20:01
Last post: 1DayRodney, 14 Jun 2024 11:48
I know you can't buy ASX stocks through Hargreaves Lansdown.
Https://thewest.com.au/business/mining/shares-in-deterra-royalties-sink-following-276m-cash-offer-for-london-listed-trident-royalties-c-15017926
Deterra Royalties’ long-awaited first foray beyond its lucrative BHP iron ore royalty is off to a shaky start, with one fund manager stating Deterra is turning itself into a “terrible company”.
Shares in Deterra were down 7 per cent to $4.15
Deterra Royalties Limited (They are listed on ASX: DRR). Just saying, Never bought on ASX. Wonder how to & how much it costs to deal through a UK broker? . DRR shares are apparently Australian Dollar..$4.46 each = around £2.31 a share https://www.deterraroyalties.com/investors/asx-announcements/
Started: unvrkw, 13 Jun 2024 07:37
Last post: DamayHill, 13 Jun 2024 22:18
Agree that this is disappointing. This was a 5-10 yr hold for me. The sudden change in tone from bullish independent growth and execution of strategy to circumspect caution and a proliferation of risks that may impede success is absolutely shameless. Particularly disappointed that in Adam Davidson I thought I had finally found an entirely candid and straightforward CEO - more fool me.
Why are investors buying at 48p.
What now Trek as that’s another one bought up by the private equity guys and the ones with liquidity are gobbling up assets fast.
whilst not only gold it’s amazing how many are being bought up when the retail investors isn’t hardly in as yet
This offer seems really low as I would have expected 60p plus … such a Shame as this is one of my long term hold stocks .. unfortunately the ii will get their way I fear
It will go through unless this brings out another bid. cheap so they take now, move through and BOD get on new company, shares etc. they buy out before too expensive, not cheap
Started: MosquitoSqudron, 4 Jun 2024 18:43
Last post: HermanusInclusus, 6 Jun 2024 00:32
Looks like TRR is again In-the-right-place-at-the-right-time and today's sp of 44.5p is "peanuts" what it can be in the foreseeable future.
14-3-2024... Lithium Americas Receives Conditional Commitment for $2.26 Billion ATVM Loan from the U.S. DOE for Construction of Thacker Pass. https://lithiumamericas.com/news/news-details/2024/Lithium-Americas-Receives-Conditional-Commitment-for-2.26-Billion-ATVM-Loan-from-the-U.S.-DOE-for-Construction-of-Thacker-Pass/default.aspx
United States Department of Energy. https://en.wikipedia.org/wiki/United_States_Department_of_Energy
Thacker Pass Lithium is a very important US National Strategic Asset & IMO only, will be brought into production at any cost and of course by time construction is complete and the asset begins ramping up production price of Lithium could be going North again.
Short seller having a go at LAC...
https://www.bleeckerstreetresearch.com/research/lac
Since publication TRR up 10%, but LAC down 16%.
Looks like no more sells. Time to top up.
Once the profit taking's finished it should continue to climb towards 50p.
Nice finish. Tomorrow...to be continued ...
Couple of £100k buys. This is institutional investing
Started: Mullins58, 3 Jun 2024 08:24
Last post: Mullins58, 3 Jun 2024 08:24
Started: MosquitoSqudron, 28 May 2024 10:51
Last post: Cacher, 28 May 2024 12:52
The counterparty is important, as the royalty holder will want to see the asset progress. If the developer is constantly cash strapped then it's inevitably slow going. An experienced, well capitalised operator is the ideal counterparty.
The other issue is graphite isn't priced on a recognised international exchange. Adam has said in the past that the pricing for copper, gold, silver etc is transparent. Commodities such as graphite are more opaque in comparison
Just a Idea. The Royalty would be on whats in the ground, not investment in company as such because the Royalty still stands with which ever management or company ends up with TGR and its assets. TRR would get Royalty,IMO cheap but of course it's just me thinking out loud. Apart from TGR. why not look around for Graphite?.
Started: MosquitoSqudron, 24 May 2024 14:01
Last post: Genghis15, 26 May 2024 14:08
Ye Gods, TRR is a royalty co, not a corporate rescue house. TGR have good assets (potentially) but no one in their right mind would back the co under its current management.
Because they're a basket case in the middle of a family dispute.
Why not negotiate/talk to TIRUPATI GRAPHITE for a Graphite Royalty deal. TIRUPATI GRAPHITE is in production with 2 mines in Madagascar & near term mines in Mozambique. Tirupati need cash, they don't want to raise cash through selling shares. Just a thought.
Started: HermanusInclusus, 25 May 2024 00:24
Last post: HermanusInclusus, 25 May 2024 00:24
Courtesy of 'nickelmer' (advfn) "I take a much simpler view of this share and have no interest in big player comparables, their prospects are good, should the price eventually reach 60-70p and they start to pay dividends as the company matures, a 3% dividend yield at 60-70p gives me a 6% yield on my book cost and a decent capital gain which is why I invested and on a long term view."
Started: billyrvalentine, 24 May 2024 13:11
Last post: billyrvalentine, 24 May 2024 13:11
No reason we won’t see 50p …. The news is positive
BRV Capricorn
Started: HermanusInclusus, 23 May 2024 15:22
Last post: goneawol, 24 May 2024 12:36
'..Under the terms of the contracts, the purchaser has the right to purchase gold from the underlying mines at the lowest reference price from a list of specified reference prices in a defined period (the "Quotation Period"), which is between 6-8 days, dependent upon the contract, and commencing between 2-5 days prior to the delivery date of the gold. The purchaser then subsequently sells the gold, realising a margin equal to the difference between the purchaser's sale price, and the lowest reference price during the Quotation Period.'
'..The acquired offtake contracts provide 'royalty-like' exposure with returns driven by the gold price, volatility, production profile and exploration success. Over the last 10 years, the weighted average calculated margin of the acquired offtake contracts would be approximately equivalent to an 1.33% NSR2. The illustrative returns and revenues set out in this announcement are based on that rate and a gold price of US$1,800/oz. Over the last 15 years the NSR equivalent would be approximately 1.56%2. Between February 2020 and June 2021, under Orion's ownership, the acquired contracts have delivered an NSR equivalent return of approximately 1.7%.'
https://www.lse.co.uk/rns/TRR/acquisition-35m-placing-40m-debt-facility-1dtbyqaxycni5xj.html
Its explained on the website, but its about 2% cut of the gold price on average, I think.
"Trident holds an offtake for 100% of the gold produced at Greenstone up to 58,500 ounces per annum until 1 March 2027."
I searched previous RNSs but couldn't find any further detail on the Greenstone offtake, assume there is agreed price TRR gets the 58,500 ounces...
There you go!!!
Last post: Mullins58, 23 May 2024 07:52
'Copper is the new oil,' and prices could soar 50% as AI, green energy, and military spending boost demand, top commodities analyst says https://fortune.com/2024/05/19/copper-price-outlook-15000-per-ton-crude-oil-ai-green-energy-data-centers/
Started: MosquitoSqudron, 17 May 2024 18:20
Last post: Pedrobull, 20 May 2024 09:13
Monday 20th May
Gold $2443
Silver $32.14
Copper $5.07
GLA
Copper price up today = USd/lb. $504.75 +$17.05 +3.50%. TRR Copper Producing Royalty will be bringing in ever increasing cash into TRR company moneybox.
Gold Price up as of now 6.15 pm UK time. USD/t oz. $2,407.62 +$30.76 +1.29% bringing in Good amount of cash to TRR Moneybox.
Silver price is up USD/t oz. 31.12 +$1.24 +4.16% Also good for TRR.
Started: Mullins58, 18 May 2024 05:32
Last post: Mullins58, 18 May 2024 05:32
Copper and gold prices close in on records as metals mayhem continues https://www.mining.com/web/copper-and-gold-close-in-on-records-as-metals-mayhem-continues/
Looking much better this last week. It’s got to a massive hold from here now. If gold / copper etc manage to stay up around a high range for rest of summer.. some miners are going to be reporting monster numbers in year end results .. these royalties are about to become very valuable
Having said that I've just done dummy sell and was offered 9.25p/share
Looks like Mm's are ready to pay for your share above the mid price of 39p. Buying pressure is rising. Good sign for breaking 40p today/tomorrow
503,372 so far today and what the most important 40p can be broken this week.
By 11am today TRR traded 768K shares compared to a 3 month daily average of 495K
1 meaty trade at 38.3p of 150,000 shares
The US market hasn't taken off yet though with very light trading volumes
OTC Market
https://www.otcmarkets.com/stock/TDTRF/quote
AVERAGE VOL (30D) 5,685
Last post: Mullins58, 15 May 2024 06:24
Started: aimofthegame6, 13 May 2024 16:08
Last post: aimofthegame6, 13 May 2024 16:08
This is the first time TRR have been over the 200 day moving average since June 2023
Started: ICB888, 8 May 2024 19:19
Last post: HermanusInclusus, 13 May 2024 15:00
Looks like following ii's market is 'waking up' re TRR's real current and future value.
Https://markets.ft.com/data/equities/tearsheet/profile?s=TRR:LSE
Probably behind a paywall but 44% of TRR is held by institutional investors.
Ergo, professionals like Rick Rule have done due diligence and feel TRR is worth investing in.
Rick Rule....I am in as of market open.
That is a big vote of confidence imo.
Thanks. not aware of rock rule!! you having a laugh
I just watched this Rule Syposium intererview recorded 19 hours ago:
https://youtube.com/watch?v=Y53-X8WGbmU&si=ZdT7Ae5uJiqaVLIe
I have been a holder of TRR for sometime but was unaware that Rick Rule is a shareholder and has invited TRR to present at his famous conference in Boca Ratan in July. If you aren’t aware of Rick Rule he is a highly successful investor in commodities and remains a large shareholder in Sprott where he worked. Many of the legends of the Commodities industry attend his conference. It is for me a great endorsement of TRR that Rick Rule has invested.
Started: ICB888, 8 May 2024 08:35
Last post: ICB888, 8 May 2024 08:35
Buy recommendation from Simon Thompson:
“ A discounted smart way to play precious metals
This commodity royalty group is trading on a near-50 per cent discount to un-risked net asset value
May 7, 2024
by Simon Thompson
Royalty and offtake revenue up 21 per cent to $9.5mn
Pre-tax profit of $3.8mn reverses prior year loss of $4.6mn
Buoyed by profits on disposals, gains on asset revaluations and a higher royalty and offtake income, commodity royalty group Trident Royalties (TRR:36p) moved back into profit last year.
The sale of pre-production gold royalties to mining giant Franco-Nevada Corporation (CA:FNV) realised $15.8mn of cash proceeds, representing a 143 per cent return on capital, and highlights the value Trident is creating for shareholders.
Moreover, management continues to develop its gold offtake portfolio, holding offtake contracts over 10 mines, which accounted for almost three-quarters of group revenue in 2023. Since the year-end, Trident has announced positive news on two projects in the top-tier gold mining jurisdiction of Ontario, Canada.”
There is a lot more and this is the concluding part:
“ Well-funded
In February 2024, Trident entered a new $40mn revolving credit facility with an option to increase it to $60mn. The interest rate is SOFR (the replacement for Libor) plus a margin of 2.5-4.5 per cent (depending on leverage ratios), resulting in annual interest savings of $1.3mn once fully drawn.
Trident has net debt of $22mn, a sum equating to 20 per cent of shareholders’ funds, so it has ample headroom to fund new investments. Furthermore, the increasing royalty income is generating bumper operating cash flow, so much so that Tamesis estimates net debt will fall to $10.5mn by the year-end.
True, the 80 per cent decline in the LCE price in the past 18 months has dented investor sentiment. This is the key reason why the share price has pulled back to my entry point (Alpha Research: 'A lowly rated commodity and green energy inflation hedge’, 1 November 2021) even though 12 of the group’s 21 assets are now producing cash flow including a valuable gold offtake portfolio valued by Tamesis at $78.9mn (21.2p). Rated on a 50 per cent discount to unrisked NAV estimates, Trident shares are worth buying.”
The full article is available on the IC website.
Started: Troajan, 7 May 2024 15:00
Last post: Troajan, 7 May 2024 15:00
Started: MosquitoSqudron, 2 May 2024 16:57
Last post: Cacher, 2 May 2024 18:02
Agreed MS. Threats of nationalisation very rarely end up as such. Yes, weve occasionally seen it happen, but more often than not the government (in this case the Mali Gov) realise that the mining industry and exploitation of their natural resources (funded by foreign capital) is too important to the national economy, and simply choose to take a slightly bigger slice of the pie than before. Its a story that we've seen play out across South American nations and now in Africa.
Thought that was good news regarding Anson today.
TRR Own a % of whats in the ground not the mine. so who ever owns the mine,which is as of today B2B. a huge mining company. If they sold it or the military government took the mine over. TRR still owns a % of in ground gold etc for ever. It only cost £3 million and was a banker for the future as its a Royalty etc over exploration ground. IMO only & DYOR.
All of TRR in production Gold mining assets are bringing in cash and are in diversified locations. most in North & South America and owned by large mining company's.
Started: Nickthesaint11, 30 Apr 2024 12:08
Last post: Nickthesaint11, 2 May 2024 13:48
But what if the Malian Govt simply expropriate B2 Golds mine?
This risk to me eas simply glossed over in their report accompanying the full year results.
They made a big statement as to why they invested in this royalty without giving any sense of what will happen if the government seize B2Golds assets
They can buy 10/30% of the mine. Doesn't affect the royalty payment.
I'm a bit concerned about the Mali situation. It seems possible that the government will take over B2G's new mine. If so, does TRR's royalty stream become worthless?
Out for now. Back later. Q1 will be a blinder!
Gold infographic…
https://www.visualcapitalist.com/visualizing-global-gold-production-in-2023/
Trek
That's another 5% annual return looking secure.