Member Info for TrekMadone

Took 3 trades to sell here today.

They’ve really made a mess of this as so often is the case where minnows is concerned with financing.

Don’t want to be in a position where a heavily discounted placing is the only option. Following the spaceX IPO and with other big IPO’s coming up there will be a knock on impact to liquidity.

I am going to buy back once the balance sheet improves. The opportunity is huge, no issues there. IMO just need general capital and ops money pdq even a US sale will imo be too late now and as for SA there is no rush as things will take time.

Usual caveats

Trek

Https://www.theweek.in/news/middle-east/2026/06/22/what-caused-the-explosion-at-qatars-ras-laffan-gas-terminal-18-missing.html

Trek

Hope you get a goodprice holidaze— I posted earlier here about them needing cash. I should have sold the last then

But if you are stuck in I am pretty sure it’s a long term winner as over 6m 0z of JORC gold is a lot of cash + 20m ounces likely to come later - it’s incredible.

But as always — no point without cash. I will look to buy back in after the placing and hopefully get mores shares for same amount of money to make up for dilution

Usual caveats

Trek

“ Putin-installed authorities in occupied Crimea have now suspended all civilian fuel sales amid an ongoing wave of Ukrainian hits on logistics. Meanwhile, Putin still hasn’t publicly commented on last week’s spectacular drone-strikes in Moscow, with his big troop build-up suggesting he instead hopes to answer by taking a key city (Kostyantynivka) in Ukraine’s Donbas. (Al Jazeera)”

Well let’s hope taking it means another cage for the orcs!

Trek

Sold LEX — will wait for placing before buying back in. Looks like it could be as low as 2.5p now and the SP tends to go below whatever it is!

Ukraine — after so much good news on the peninsula and with medium range strikes on energy infrastructure looks like Kostyantynivka could fall. Ukraine desperate for recruits.

Trek

They have done well with the little cash they have and that’s the point. They need more cash to do better!

Disappointed that we haven't sold the us assets to fund SA.

Next placing is imminent imo and will do well to get away at 3p.

Will be for another minimum of 1.5m just to continue with operations. It’s all very well having inground resources but they gotta move quicker with a realisation plan.

Usual caveats

Trek

“TRIG currently yields 10% and the dividend is fully covered. TRIG’s dividend for the year ending 31/12/2026 is targeted to be held at the same level as for 2025. This follows discussions between the board and shareholders and is a recognition that the dividend is already at a very attractive level. Nevertheless, dividend cover is expected to rise over the coming years, with the long-term objective of normalising at 1.1 to 1.2×.

One factor in TRIG’s high yield is the 29% discount. TRIG and its peer group have traded at wide discounts from the outset of the higher interest rate era, but in the Dividend section we look at how wide the spread between TRIG’s yield and government bonds is, suggesting that while, yes, its share price is sensitive to interest rates, the spread over bond yields has been stretched to its widest point since TRIG’s 2013 IPO. As we see in the Portfolio section, TRIG’s NAV is much less sensitive to interest rates though.

TRIG has a comprehensive capital allocation approach in response to the discount, with a £150m share buyback programme and targeted capital recycling.“

Trek

Market doesn’t like gearing - some floating rate but BoE fixed now. I had an order filled at 592.6.

Looking for the usual bounce back through 600p. If it goes to 550 will have more.

It always seems to go back through 600p!

Usual caveats

Trek

Safe - had an order filled at 5.92 near year lows. Hoping for a bounce through 600p - it always goes back there. Will add if it goes below 550.

Trek

EST - interview

For you nom

https://open.substack.com/pub/thatstocksguy/p/east-star-resources-26d?r=4zgkh3&utm_campaign=post&utm_medium=email

Trek

Atom tro, I got stung there and waiting to buy after the obvious placing! They hadn’t done their licensing dd! Sp tanked. On a bouncer now as market believes common sense will prevail - or throwing some Paraguayan bananas backwards will do the trick!

Atom will need more cash soon. I was hoping to have caught the bounce following the placing clearance and then sell. I think lots got caught from the leftfield RNS.

Apart for the minnow resource stocks I already hold I am not adding more. It’s gonna be so tough for them with higher bond yields and mega IPO’s draining liquidity!

At HREE I am expecting a big finance deal there soon, part placing part govt grant but hopefully I have enough sp aircover to ride that one higher thereafter as it’s pretty special. The US govt should provide the liquidity.

I hold LEX and am expecting a cash call there soon. It usually follows a depressed sp so VWAp is lower! But +6m JORC and a JV makes it worth the wait+ another 12m odd to be defined!

GRX I bought after a huge placing and am expecting the litigation to come through there soon which is why I am in.

AMRQ is being walked down ahead of main market listing as TSX stock yet to clear but I am happy there as the assets are exceptional — several tier ones and previuos funding has been at sp or a premium!

EPP and UOG are moonshots — just a small position. Both will need loads of cash but still offer chance of mega upsides!

QHE is just a trading play - down on half I hold but in profit on the ones I sold!

HEX is a mega free carry so not bothered by sp atm as waiting for the Hydrogen now!

Likewise IES is so far ahead now and on a freebie!

MDH is by a long way my biggest position — it’s not often one of those come across your screen!

Fully funded for 4 more wells. 3 drills spinning atm and 6 wells producing already - albeit 5 are small. Loads of collaborations sharing the expense.

All for £15m of which £5m is in cash! You don’t need to be a data analyst to work out the potential value there once the placing clears! So I like you have been adding cheap placing shares where I can!

Usual caveats

Trek

Almost a good little AI vid a bit long, repetitive and sensational.

Trek

From The Guardian….

“ Britain borrowed £23.3bn in May to cover the difference between government income and spending – a surge of £5.4bn more than a year ago.

That is the highest borrowing for any May since 2020, when the Covid lockdown was in force.

Worryingly, it is also also £5.6bn more than the £17.7bn forecast by the Office for Budget Responsibility, the UK’s fiscal watchdog.

This means government borrowing for this financial year (since April) is running £7.7bn over the OBR’s forecasts – at £46.3bn.”

Looks like bonds yields will go even higher, that last 6% increase in welfare payments was unaffordable - the government has to means test them and direct the pot to those genuinely in need with proper assessments that are reviewed and not on line claims forms!

They also have to do a better job at catching and punishing tax evaders!

We are not very good custodians of money. The cash is there we don’t collect enough of it and we dish it out believing too many peoples fabricated ‘X factor’ sob stories!

Manage the pennies and there will be plenty to go around for schools, hospitals, defence etc etc but you gotta do the hard bits!

Trek

Accepting the malfeasance is now history….

“ Our path forward is quite simple. Funding - detailed engineering - permitting - construction - production.”

If only it were that simple… funding only mentioned once! And with the big IPO’s like spaceX and the next lot sucking out investor cash funding is going to be tough.

400k in cash at print and 2.6m in liabilities! I doubt there is any money left indeed they forecast a shortfall by end of June.

They need an operating permit, time, and approval to raise more equity. There is nowhere left to go with savings. It’s all in there. NIU/senior bond holders could soon have a claim on this amazing asset.

Better in cash and seeing at what price any placing is.at. The sp usually goes below it for these companies — if the finances improve that’s the time to buy and then trade out before they come back to the market for the next lot!

Unfortunately shareholders, and that’s mostly PI’s, are taken for fools by the Machiavellian financial practices of AIM smallcaps. It is a casino and the house usually wins. Few PI’s survive it!

Good luck

Usual caveats

Trek

Tickety Boo!

Fab set of numbers and divi up again 1.7x covered! Also closing NAV gap to 14.7% which is very impressive in this depressed sector given 40% gearing. But if debt is underpinned by contract wins an asset accretion it’s ’good debt’.

Perhaps the market is realising that and factoring in a lesser discount for growth unlike the rest of the sector esp renewables!

Wish I had added more here sub 100p!

Still may get a chance to add cheaply today as we will probably drop on good news as Mr Market could probably want bigger discounts!

Also following the spaceX IPO and the other big ones to come there is less money slopping around, so nice to get a bigger divi!

Usual caveats

Trek

FNX - Come up on my radar —- all the financials point positive, dive ul loads, bb complete etc yet sp on its arse against low vols.

On google finance beta page it gives the TA bottom at 143

I am looking to flip some into it.

Usual caveats

Trek

Bought back some today that I sold earlier ahead of these results for pretty much evens. But it was a defensive move as opposed to a speculative trade.

In time for xd as well.

Trek

All lining up nicely!

For those that use London Stock Exchange free email RNS alerts service — MDH is now listed.

It will also transfer over to their new spark live site. If you want free email alerts — handy if this site plays up then you can sign up for the new sparklive site and create your alerts here….

https://sparklive.lseg.com/profile/news-alerts/create-news-alert

I know this churn is a pain and I am also underwater here atm but with the £5m placing out the way and the impending newsflow I see this as an even better opportunity at this mcap and am still looking to add more even after my buy today.

Don’t underestimate how well the team have done to get that placing away against the SpaceX IPO backdrop.

That IPO and the other big up and coming US tech IPO’s will suck out lots of cash. The first to yield is usually money set aside for smallcap placings.

That could put a bigger strain on companies looking for cash and result in a bigger discount. So better to be in those that are funded.

Given that MDH are fully funded now and it’s very likely that if the next couple of wells deliver will be self funded that would be a massive credit to the team and a huge message to the market!

Bubbles in Rost 2 -26 , Brobee to be expanded and Sz being dewatered + 4 more wells to drill on top of our 6 producing wells all for £15m mcap which includes £5m in cash! Lol!

Usual caveats

Trek

Excellent article on EPP financial structure….

https://www.share-talk.com/understanding-death-spiral-finance-and-why-energypathways-15-million-funding-package-is-fundamentally-different/

I don’t think many have grasped the pull that spaceX has had on backfilling capital.

Small caps are the first to suffer the liquidity squeeze and the mga IPO’s look to continue!

MDH has done very well bagging 5m and EPP with 15m

Trek

i was looking at ejfi - for the income pot. i left it on the watchlist in case of any ****roaches - they invest in small us bank debt through financial instruments.

benefit from rates going up on returns and rates coming down via knock on economic health impact on small banks.

could see a benefit from us bank consolidation as well.

their divi has been flat for years and they just increased it which is a real positive.

they don’t invest in ai derived debt - just traditional

anyways i was going to buy today and sp just went up 3.5p on one small trade ffs!

will leave it on watchlist now and just bought more mdh instead!

trek