Thank you for a fine article. Do you know if there is actual land ownership or is it just mineral royalties? I have asked the investor relations department and was told mineral royalties only.
Fascinating. When you talked to them, did they say that there lands were considered a severed estate, where they owed the mineral rights and another entity owned the surface rights?
I did not get who owned the surface rights, unfortunately .This is the answer to my question:
Q: “Is there actual land ownership by owning shares of PSK or is it just royalty rights? I have seen it stated both ways. If there is land ownership, why would it not include surface rights?”
A: “It is ownership of the mines and minerals which does not include surface.”
Really enjoyed reading! Love the royalty business model in general, with the set up coming from the completion of TMP making PrairieSky very interesting
Thank you for a fine article. Do you know if there is actual land ownership or is it just mineral royalties? I have asked the investor relations department and was told mineral royalties only.
Fascinating. When you talked to them, did they say that there lands were considered a severed estate, where they owed the mineral rights and another entity owned the surface rights?
I did not get who owned the surface rights, unfortunately .This is the answer to my question:
Q: “Is there actual land ownership by owning shares of PSK or is it just royalty rights? I have seen it stated both ways. If there is land ownership, why would it not include surface rights?”
A: “It is ownership of the mines and minerals which does not include surface.”
Thanks for sharing!
Excellent write up on a very interesting opportunity. Thanks!
Glad you enjoyed it. Thanks for restacking it!
Really enjoyed reading! Love the royalty business model in general, with the set up coming from the completion of TMP making PrairieSky very interesting
We're glad you enjoyed it, BC! Thanks for reading. It's a situation little discussed, so we're all about it.
Do you listen to the HK Round Table?
No, we haven’t yet. Where is that accessed?
Give me an email.
We can be reached at specialsituationinvesting@protonmail.com
Sent
Gold. Thanks, JP.
Great piece. Really enjoyed listening.
That's high praise, friend. Thank you.
Where do you find who their lesee are, I don’t see it in their annual report
Good question. Page 20 of their corporate presentation (link below) has a list of their top 25 "payors" as of October.
https://www.prairiesky.com/wp-content/uploads/2023/10/PrairieSky-Royalty-Presentation-October-23-2023.pdf
Why is the liquidity so low for a fairly large company?