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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Trident Royalties Plc | TRR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 48.60 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 48.60 | 48.60 |
| Industry Sector |
|---|
| INDUSTRIAL METALS |
| Top Posts |
|---|
Posted at 14/6/2024 06:42 by damayhill nickelmer, these announcements are existing institutional investors making an irrevocable public disclosure of the way they intend to vote (ie in favour), not of new holdings. It's not a forlorn hope that this proposal could garner 25%+ against, but unlikely I'd think. |
Posted at 13/6/2024 09:12 by donald pond I run investor relations for PXC so won't disagree with that! The advfn board may not be the best place to start though. |
Posted at 13/6/2024 09:05 by cromw3ll Yep many hoped for much higher price. I'd look at PXC now funding secured, if you are a buy and hold investor. DYOR. |
Posted at 04/6/2024 08:09 by mwj1959 Yes, I agree. A near 30% rise over past month now. Delighted to see it, but somewhat surprised given the lack (in my opinion) of price moving news flow. However, there has been more volume recently compared to previous months, which has probably contributed. Still very much a jam tomorrow stock and the challenge for investors will be what to do if the stock keeps on rising. It's struggled to stay above the 50p level in the past...and that was when lithium prices were a lot higher. |
Posted at 14/5/2024 15:30 by davidosh Trident Royalties will be presenting and exhibiting at Mello2024 on Thursday 23rd May 2024, at the Clayton Hotel & Conference Centre in Chiswick, London. The annual flagship in-person investor event will feature nearly 40 companies and keynote speakers such as Lord Lee; Christopher Mills; Georgina Brittain; Gervais Williams; Ed Croft; and many more!Get 50% off your ticket with code MMTADVFN50 For more info: |
Posted at 08/5/2024 07:08 by 888icb 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.” |
Posted at 10/4/2024 17:46 by lurker5 I don't think TRR will break much above present levels until earnigs turn convincingly into the black. Miners don't, and don't ever, approach a theoretical NPV valuation (because it is an illogical concept). Investors only value them on a yield or PER basis. TRR looks to be at least a year or two before they can do that |
Posted at 22/3/2024 09:25 by donald pond Amati Strategic Metals were once a big holder but that fund has been a disaster and I think is getting lots of redemptions. TRR is frustrating because so many investors in this type of stock want dividends and it is still in growth phase. It should do very well. I'm not sure what more the board can do tbh |
Posted at 22/3/2024 08:32 by robertspc1 This isn't going to move on retail or even director buys. It just isn't on institutional investors radars at the moment and there are probably one or two forced sellers around. But the fundamentals look good especially if the lithium price rebounds. So it is a great time to buy imho |
Posted at 19/3/2024 08:26 by 888icb A very impressive vote of confidence by the Chairman of 350000 shares taking his holding to 2.7% of the company. The Chairman knows how undervalued this company is and this is a clear signal to investors that they may wish to follow his lead. |
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