ROYALTY: Free Cash Flow, Share Buybacks, 2025 Catalysts | EMX Royalty CEO Interview
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Timestamps:
00:00 Intro
00:15 Very important warning
01:28 EMX Royalty company overview
03:08 What happened in Q3, 2024?
04:56 How can EMX stabilize earnings?
07:00 Will they be buying back shares in 2025?
08:55 At what price do share buybacks become less effective?
10:00 What's the ROI on the share buybacks?
12:05 Is the size of management compensation too high?
13:50 Why are accounting/legal expenses relatively high?
14:30 Can there be a ceiling on G&A?
15:03 Will they be cash flow positive in 2025?
15:35 What's the biggest expected catalyst for 2025?
17:00 How much value does exploration at Timok add to EMX?
19:30 What are other discovery optionalities within the portfolio?
21:00 When could Peak start paying royalties?
22:30 When do the most significant changes for EMX start occuring?
23:13 Will EMX focus more on Europe moving forward?
24:00 Is EMX looking to buy other royalty companies?
24:40 Why is the stock price not moving up?
25:43 Are they planning on paying off the debt sooner?
28:30 Was the re-financing of the loan a good move?
29:57 What's the effective cost of the Franco-Nevada loan now?
31:53 Where is the relationship with Franco-Nevada going?
33:43 Are there too many royalty companies out there?
34:30 What are the main challenges for royalty companies?
36:56 Is there more competition for buying royalties today?
38:47 How's the royalty generation business going?
40:55 Would EMX look toward energy commodities in the future?
42:17 Why go into Chapi now and at this valuation?
44:17 Why is EMX going into Armenia?
45:45 How does EMX think about the timelines for ROI?
46:15 What is their marketing plan for 2025?
48:39 Why are they spending money on marketing in 2025?
49:50 What is the value proposition?
51:10 How does EMX pick teams to get involved with?
53:15 What keeps Dave Cole up at night?
54:19 VERY IMPORTANT WARNING - DO NOT SKIP
This is a EMX Royalty CEO interview with David Cole.
