4 Comments
User's avatar
Ian Mears's avatar

I keep meaning to say thanks for all your effort and analysis you put into all these shares. I don’t always agree with some of it (and I know you got a fair bit of flack on DEC recently) but it is appreciated.

Expand full comment
Wizard of Windsor's avatar

I'm a bit concerned about TRR's Fekola Mine Royalty with B2Gold. The way things are going in Mali, it looks like they might lose this entire stream. Haven't dug into the legals on this. Also wonder whether this is what is holding down the SP

Expand full comment
Richard Sutcliffe's avatar

what’s your thoughts in regards divi policy, possibility for trident?

Expand full comment
The Oak Bloke's avatar

Hi Richard, I'm pretty sure in an interview the CEO spoke of his amibtion to build Trident into a Royalty major. With that ambition in mind, I suspect the play here is for capital appreciation rather than dividends and given all that's going on in the resource space around energy transition there's plenty of growth for Trident too.

However when the Directors hold millions of shares the temptation to stream a reward will be there won't it.

But on balance I think dividends are some years away.

Expand full comment