Member Info for OnaTrek

I think the GMET moves actually saved us. The junior explorer market has been a bloodbath lately. Most explorers have been forced into massive, dilutive capital raises just to survive, wiping out existing shareholders. POW didn't have to do that. We have a massive safety net backing the book value. I see the FDR IPO the same way: it lets them raise millions to fund their own expensive drilling, while POW keeps a massive 33% chunk of the upside without draining cash.

At some point the stock will rerate on the strength of the balance sheet, all while there are other pretty exciting projects with positive news coming online.

The mine adjacent to the FDR claim is an ASX listed stock with a similar market cap called Itech. Full disclosure, I have a small holding in both and a larger position in POW. The reason I mention this is that Itech minerals have a joint venture with SQM the chilean Lithium giants who are funding the exploration of the Itech claim on the proviso they get the bulk of the lIthium found. Itech get all of the gold and Antimony. The results of their initial drilling has been exceptional and FDR are a direct continuation of this gold trend. The Itech drilling is happening now (over 50 drill holes) with early results expected around Aug all being well. They are using GeoDrill as the drilling contractor who will be drilling FDR after Itech concludes, so the expected drill date for FDR will be late July. FDR have just announced they are now also undertaking Lithium surveys which if positive could give another boon to their project.

The gold results of the surface level initial tests for Itech were extremely good and there is no reason FDR could not see similar results to Itech. If Itech results prove as expected, they will rerate sharply. The expectation is that FDR will follow suit just off this news or conversely the opposite.

Shortening a long story, FDR could become the next great windfall for POW after GMET, as they own 33%, and this is the next project to prove the POW model.

There are a number of exciting projects further down the line from POW with many being company makers. My belief is that POW is deeply undervalued and will rerate at some point, given a little patience. obvs DYOR but for now I am holding my stock and breath.

As recommended, I looked up FDR on Twitter - sorry I can’t call it X

As mentioned in my earlier post, the drill company being used by FDR is GeoDrill the same contractor whose prior drill in the seasonal sequence is Itech - hence the importance of keeping an eye on those results as they will be the first.

Looks like FDR have also just established Itech are having their drilling funded by SQM the Chilean Lithium giant- Itech have a deal with SQM who get the lithium and Itech get the gold, antimony and other minerals. FDR are now looking to do their own survey for lithium. If they could also agree a tie up with SQM, the lower downside risk this presents as mentioned in my prior post existing for Itech would also exist for FDR.

The sharing of info about Itech was seeking to give an indication of the likely future success at FDR so people can review their position post Itech results and act early either way.

The gold being drilled by iTech Minerals at Reynolds Range and the gold targeted by First Development Resources on their plot are both part of the Stafford Gold Trend and FDR is a direct continuation of the itech claim.

The results come back as expected, FDR is going in one direction. Please DYOR as always - I am biased as I hold both

I did too, not the cat and wife situation but bought in. If Itech drill results are good, FDR should also move up solidly. I hold FDR in Power Metal Resources who own roughly 45% of the stock. I may buy separately if results are strong.

Itech are drilling with the same company as FDR, the drilling on Itech are happening late June/Early July. The next plot to be drilled will be FDR. Worth watching the first itech assay results closely

Anyone on here invested in itech, who hold the neighbouring plot and are drilling first? I am considering a speculative punt as they appear to have more downside protection

Https://substack.com/@thatstocksguy/note/p-199342224?r=6ctkdn&utm_medium=ios&utm_source=notes-share-action

Sorry - wayward phone

Https://www.investegate.co.uk/announcement/rns/xtract-resources--xtr/amghas-mining-licence-grant-and-plant-build-out/9597761

Looked like a good report to me. Margins up, ebitda up, fcf up, acquisitions integrated well and performing.

Two more quarters like that to really prove the model and DEC will rerate.

I agree with regards to tonight 9pm US time financial update, that it will be on the upside.

DEC Hedges the majority of it's oil and gas production to maintain stable margins but is less able as a result to take advantage of increased oil prices. I believe 55% of their oil production is hedged. What that does mean though is that their financial forecasts should be relatively accurate. Their gas had been hedged above the going rate so i'm expecting good results and strong free cash flow in the financials. We'll just have to wait and see what the data says! I've topped up my fairly large holding and am looking to retain them for the foreseeable.

I agree, Trump will not get to decide when the strait of Hormuz is reopened. The waterway and trade through it has been weaponised and I don't see the Iranians going back to normal just because Trump says so. I've been lucky enough to take advantage a number of times trading on the opposite outcome of Trumps big speeches, like the Ukraine Russia war being over in a day. That was a huge buying signal for defence stocks which crashed on the statement only to recover fast.

If legacy customers can be converted to recurring managed services revenue on modern platforms, then this is a deep value share. A sticky customer base where it's painful to change provider, long contract periods and a growing cash pile. This must be up for a rerate towards 2027

After a strong run, BBOX is looking like a solid contender to enter the FTSE 100 next month. Still at a 12.4% discount to NAV and a close to 5% dividend, my view is this one still has a little further to go.

Here is an AI summary of the key points from the conference:

Oxford Nanopore Technologies @ JPM Healthcare Conference (Jan 2026) – Key Takeaways

✅ Strong 2025 trading – Company expects £223–224m in 2025 revenue, ~24% constant-currency growth and ahead of guidance, with ~£300m+ cash on hand. Growth was broad-based across all regions. (Pubs - Bio-IT World)

✅ Applied markets gaining share – Clinical up ~60%, biopharma ~30%, industrial ~27%. Applied now ~1/3 of revenues, with life-science research tools still ~2/3. (Pubs - Bio-IT World)

✅ Technology positioning – Reinforced direct native DNA/RNA sequencing advantage and multi-omic capability (SNPs, structural variants, methylation) versus traditional sequencing. (Pubs - Bio-IT World)

✅ Product progress – Highlights include PromethION throughput gains, new MK1D, and continued accuracy improvements (Q30 current, aiming towards Q50 with AI). (MarketBeat)

✅ Clinical/biopharma workflows – Rapid metagenomics diagnostics shortening turnaround to hours; adaptive sampling for real-time enrichment; advanced mRNA and contaminant testing in biopharma. (Pubs - Bio-IT World)

✅ Leadership transition – Founder & CEO Gordon Sanghera to step down end of March 2026, successor Francis Van Parys (experience scaling medtech/biopharma businesses) joining to drive applied market growth. (Pubs - Bio-IT World)

✅ Path to profitability – Reiterated EBITDA break-even target of 2027; shift to CAPEX instrument sales model to improve margins/cash flow. (MarketBeat)

Bullish points: strong growth, applied market traction, product innovation, leadership continuity.

Watchpoints: path to profitability still multi-year, execution in competitive sequencing market.

They look very interesting - thanks for your insight on Substack. The market for their products is huge and market share appears to be growing nicely. Good potential, have added to my portfolio.

I don't believe the purchase of warehouse assets announced between Tritax and Blackstone today relates to the Warehouse REIT assets.

It does however create a very interesting connection between Blackstone and BBox as Blackstone looks to strengthen its position in the UK warehousing sector, the deal leaves Blackstone owning nearly 9% of BBox. Alongside a potential bid on the table for Big Yellow Storage from Blackstone today positions them as a major player in a short space of time.

Having invested much time and money into due diligence over WHR I felt sure Blackstone would counter.

I’d personally far rather remain in the sector and BBOX look well priced with a decent divi so I’m much happier with that deal.

Looks like Blackstone are attempting to push for a forced takeover as they secured regulatory approval to switch from a scheme of arrangement to a takeover. Blackstone seem determined to acquire Warehouse REIT

The WHR board have recommended the latest offer so all eyes must now be on a response from BBOX.

Any thoughts on whether BBOX is likely to respond.