Trident Royalties PLC (AIM:TRR) (AIM:TRR) Adam Davidson explains to Proactive London why he has welcomed to proposed acquisition by Ramelius Resources of Apollo Consolidated, in which Trident has a royalty interest.
Trident has a 1.5% net smelter return gold royalty over Apollo’s flagship Lake Rebecca Gold Project in Western Australia. The board of Apollo has recommended acceptance of the Ramelius offer.
He says Ramelius is a well capitalised, ASX listed mid-tier gold company with substantial existing producing gold centres in Western Australia and this is the kind of deal the firm will be looking for in the future.