Member Info for TrekMadone

I just topped up here as well.

Looks like Mr Market is enjoying the sunshine and missed the RNS! Lol!

Usual caveats

Trek

SP Up on low published volumes today. Pretty surprised tbh as I also thought 820 would be tested given all the short selling.

Some posters here gotta work much harder to get seven’s!

Surely shorts are gonna need v low eights or preferably sevens from this point to make money especially after paying divi’s.

Lots averaged positions down this month and would have paid out a few divi’s now as well.

That shorting or covering of longs is for pro’s with very deep pockets imo.

But it has helped a few PI’s make a good return here!

Sat on my hands atm before adding another lot. Just waiting on a trade elswhere to flip but wouldn’t be surprised to see a bounce here before I can time it!

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Trek

Think this is dancing to the tune of dovish rates now. Got much further to go imo. I reckon 35p is on the cards on back of cost reductions. Could then test 38p from there.

Opportunity to tap in some yield as I don’t see the divi rising anytime soon but do expect some capital game if macro behaves!

I have built a longer term position here now so am obviously talking my book.

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Trek

Hi Curious,

All an unknown until well tested. Decline rates are also lower than typical gas wells. These can go on for well over 20years!

Will depend on the charge and pressures. But like I say some good numbers and if the mcap doesn’t rerate someone with deeper pockets will have this.

There really isn’t that much capex needed to completely transform revenues here and all pretty low risk!

RKB,

Did you hear about the AIM listing from Nick or do you have a link. I think I got a hint in an interview but can’t be sure.

TIA

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Trek

On their heads be it…. I added 2 lots more today at under 830 and am now well under 900p average.

Gas outlook - Reuters

“ LITTLETON, Colorado, Sept 10 (Reuters) - The northern hemisphere summer has not yet officially finished, but United States natural gas markets are already sizing up supply and demand balances for this winter and the next year, and indicate that sharply higher prices may emerge.

Forward markets for Henry Hub futures, the benchmark U.S. natural gas price, indicate that prices will average $3.20 per million British thermal units (mmBtu) in 2025, compared to an average of $2.22 so far this year, data from LSEG shows.…..”

Read on…esp ‘Demand drivers’

https://www.reuters.com/markets/commodities/us-natural-gas-markets-point-steep-price-rise-2025-maguire-2024-09-10/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Power-Up&utm_term=091224&user_email=b2e8c97ccc6ddb76107c5b8c6d401963987d41317d2787d216d506bcf903729b&lctg=65d3a4d7962245101d037748

Trek

Looking v strong with weaker USD on back of dovish Fed. 10 year T bill yields are at a year low. Gold hit ATH.

Took a ‘small’ position in CMCL. It’s just finalising ops improvements and had some great Q2 numbers and gave strong guidance.

SP on recovery path and it can motor with macro tailwinds.

Not very liquid though but should be ok with smaller position. Also it’s in Zim.

TP 1300p, from 1000p but it could go much much higher +1500.

Let’s see!

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Trek

Bought in here now. With the fantastic ops progress now embedded and the POG tail winds and with weaker USD I think this could go on quite a run from 1000p. I had it in my sights at 800 but didn’t have cash then!

Tp from here with the POG leverage has to be +1300 imo! Could even see 1500 with some solid ops figures!

Usual caveats

Trek

I got more below 830 today. Got some sells posted higher up, hope to recycle.

Sold MNG as got a feeling it will take more than a 6p hit there tomorrow (xd) so put that cash to work elsewhere and will average back into MNG again later.

Added LIO as well for a trade some hold some, a first there. May go lower ahead of budget so set some sells there at 575 to scalp a few pence and will top up if goes below 550.

As for DEC you gotta love the vix here! At least one gets paid trading around the divi. Shorters just gotta fork out more!

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820 looks to be a good call!

Trek

I have built a position here today. Been on my watchlist for an age given the yield but only just managed to have cash at the same time that it’s been below 6!

Intend to trade some and hold some to work my average here. If I get wrong side then happy to sit for the divi.

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Trek

Run by a bunch of crooks on corporate vacation in Canada and Cyprus care of shareholders!

Usual caveats

Trek

I sold at 209, sp been looking weak. Will buy back after divi. Had 200p average so look at it as having divi early!

Trek

That’s the first bit but the second bit is gas.

But primary is water, sidetrack is gas don’t know how much.

Not a very well worded RNS.

Trek

Char well update. If you have to read it twice to understand wtf they are saying it’s usually not good!

Lipstick on a pig?

Wtfdik!

Trek

Hi RKB,

To add that we are pretty much running our business at evens now from the existing wells. Rost with booked reserves and production opens up other financing options making expansion a non dilutive possibility. These wells tend to produce for +20 years.

There is no issue selling the Helium just a case of landing the best deal!

The absolute game changer would be drilling a horizontal well as that could be perforated to flow much higher quantities. It may be more cost effective than drilling multiple verticals.

If Rost and the others could be candidates.

This company has so many options going forward and exploration risk just isn’t really one of them in the normal sense of the word. Yet the company is priced like it’s embarking on a wildcat!

Very little is attributed for the assets; like wells, trucks, PSA, acreage, permitting etc…

But then look at the news today and zero trades! Gotta get off AQSE IMO or at least dual list on AIM.

I told a friend about VOY and he couldn’t buy even if he wanted to as his provider didn’t trade AQSE stocks!

I would like to see ROST up producing and build cash then arrange finance for a horizontal well on the wells the are hooked up to the network. That would then significantly increase cashflow with relatively little risk.

Then drill more wells on Rost with finance paid by revenues and hold a cash balance.

However, I wouldn’t be surprised if a bid comes in once the Rost numbers are out.

Others with deeper pockets will spot the opportunity here given the silly low mcap!

It’s important that the RTO goes through pdq imo.

Soo many options!

And for the record, the ECR ‘basket case’ doesn’t feature in any! That was clear in the interview and I hope Nick doesn’t get any ‘hair brain’ ideas!

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Trek

Hi Curious,

I have got a foot in the door here. Reluctant to add more due to spread. I would have to sell elsewhere to add more and don’t fancy looking at a 25% loss.

Having a base now means I can add later.

Also not sure about bod experience here. Hex is special and looking at a different class of well.

If VOY get this 5.1% well away with good flow rates that’s a game changer imo. I may then add more then as I doubt many will be alert to it.

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Trek

Thought it was an excellent data driven response by OB.

The peer comparison and outlook were most reassuring. I have also posted here about the ABS run off and that some of the debt is indexed to Sofia which should come down this month. If the fed eases.

DEC is being picked on by the hyenas that hunt in packs especially when they smell blood. But this will imo turn back to £15 and they will soon scatter!

Sept and Oct dividend income from elsewhere will be heading into here. I am fortunate that this is now mostly profit invested for me but I will defo be looking to time some new money at these prices given the gas outlook.

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Trek

Well I didn’t get caught out! Just held! lol!

Letting the ops rule here.

Need a bigger boat; what’s the problem, we got the cash! Just gotta wait!

Waiting on aim…. ? It’s like having ones finger nails ripped out for some of ya!

But remember ‘data rules ok!!’

As for charts…. Absolutely. We are all chartist. When you come to buy or sell a stock what do you do?

You look at the chart!

Others just add a few bells and whistles to the voodoo.

So do I and I got this one wrong!

Had it as an ‘ascending channel’, or classic ‘staircase!’

And it was indeed in the early days now it’s looking like an Elliot Wave!

Fk it!

Think I will just hold!

Data rules ok!

lol!

Trek

IES what a sht show, raised all that cash now delays till next year. CEO retires immediately!

Mcap is only 10m more than cash pile atm!

Overreaction imo but market is the market.

Sniffing from the sidelines. One for your cnbc bottom feeder Tro!

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Trek

One of these

https://youtu.be/W7OJIDS8Jlc?si=o8FKSr7LfKR0XYTf

Trek

I just wonder if they will send the existing rig when free to Rudyard.

Rudyard will produce via a PSA which will very likely mean it’s on before CINK where they are looking for a modular processing plant.

The PSA means Rudyard Helium can be produced on site to high purities (99.99%) and trucked an hour or so to market securing earlier cash flow.

Unlikely they will free one rig until the other arrives but I wouldn’t rule out us drilling two wells simultaneously or at least after they have cased and are flow testing CINK to reduce cash risk.

Bo says again in the interview that he has been drilling Helium wells for 25 years and exclaims these are the highest shows he has seen!

That’s a pretty good yardstick!

Usual caveats

Trek