Member Info for TrekMadone

Dia,

It’s really important to read the admission document to understand the financial set up of these companies. In the case of HEX the Hereford concert party had to sell a much smaller position, then they had Edale reduce.

With GEX the Westemarket loan concert party have a huge position, 65%. GEX are also tied to the decisions of OilCo regarding farm-in.

With HEX Oberon are selling some, imo they are grabbing liquidity now fully aware that many PI’s derisk before a drill. With GEX you will likely see the same at Miton. They also tend to trade a position. Westmarket will also reduce probably to cover the warrants.

So they all have issues.

I am very optimistic with the drill at HEX. If ever there was going to be one first time hit wonder, and we are due one, Hex is a candidate.

I traded HE1 very successfully. I was aware of the warrants, the lock-in and costed the ops. So I had an idea when money would run out.

It’s all a PI can really do.

Most of the CEO’s tend to be FoS and ramp their positions. Just every now and again you do get a good one. I think Bo is playing it well so far and DM, let’s face it, learnt loads at HE1. That’s a pretty formidable team..

End of the day we can only read what is out there and need a bit of luck. Too many PI’s just rely on the luck!

I mentioned VOY-PL. Rather than chase GEX you may want to look at it. Read my posts there, they are honest. Especially regarding the liquidity and that it’s not certain. But if they do RTO which is pretty much nailed on now you have a 2m mcap company reversing into M3 helium. Now go and check out their assets in USA! 6 drills, producer, helium module etc!

The spread is sht and there are placing shares but they can’t really be sold yet. But from 2m mcap it could really kick off when folk work it out.

Anyways for a few hundred quid or whatever it’s a realistic multibagger chance getting now in before the RTO! But remember the stock will likely be suspended for a while pre admission.

Usual caveats

Trek

Hex!!

Dia,

See my reply to you on Hec.

Trek

Dia,

It could be flippers into GEX. I looked at them when they were MMM. I am not bashing GEX as I thought about buying but it meant selling elsewhere and I certainly wasn’t going to slice here.

GEX are a good prospect and valued on 2U. It’s similar to HEX.

Reason why I wouldn’t go in GEX so heavily is infrastructure. Oz only supplies 1% of world Helium and GEX do not have same market access as HEX.

Also they are dependent on OilCo. There is no guarantee that they will honour their farmout.

Then you have the warrants, The Westmarket Loan Concert party will go from 35,1% to 61.7% fully diluted. Hence the Rule 9 Waiver. (Page 4 & 5).

https://www.mmmplc.com/_files/ugd/5c57a6_2ea075ba74a04171a658b9f77eeb63cf.pdf

Their capital structure is no where near as good as HEX.

If you think HEX are up against it with selling wait till GEX start!

But if all goes to plan it doesn’t alter the opportunity which likewise is huge.

I also thought HEX had the better Bod but be to be fair it’s not really either or. Those that hold both fair play.

I also bought VOY.PL which hasn't RTO’d yet and is actually riskier again atm. But it has six wells, a helium compressor, a route to market and is already a producer. But as always there are no guarantees hence I only have a small position there and the spread is dire!

But HEX imo is a very unique opportunity. I added a few more on the last dip as it really could be a serious multi-bagger because of its low leveraged capital position, it’s simple shareholder register and the director lock-ins which are a sign of huge confidence.

Usual caveats

Trek

Been a buyer today as I sold most of my DEC for a healthy profit. 1300p - 1225 ish.

I figure there could be a bounce as a fed rate cut must be nailed on by now. Energy is well down which together with weak jobs will ease inflation curve. Also USD seems to have a cut priced in and UK has cut.

Just typical of Fed to act after the even which will unfortunately play to the Trumpets!

I only bought stock with yield and have some powder dry for Monday.

Trek

Perhaps PB is hoping that the Trin shareholder vote to stay with TXP!

Or perhaps he is counting the pennies to see if he can exceed their cash offer by whatever the t/o requisite amount is?

Or hopefully he’s just sunning himself and will get around to writing a withdrawal RNS over the weekend for Monday.

I hope so coz I bought a few hoping this sht show is now over!

Trek

Well said GGG. I think the market is holding in case PB does something stupid. Or rather something else stupid!

I just hope we don’t have RMS’s to undo all those Form 8 RNS’s!

Trek

Agree, I have added today. Sitting on my hands not to buy more in case it goes lower.

It can go lower but it also comes back up. So it’s a case of just trying to bag the best yield for your buck and then hold if it’s income you want.

Wish it was 50/50 divi like PHNX or bettter still quarterly!

Usual caveats

Trek

Nigeria - SEPl doing v well.

Hoping to bag significant Exxon divestment soon. Paying good yield and divi could double…..but but but it’s taken 2 years to get to this and it’s nearly there. The journey has been horrendous due to the Nigerian legal , corporate and politiccal system which at times has been a circus!

It’s no wonder anything gets done there!

I see why now so many companies have left!

Usual caveats

Trek

Welcome back GG my lucky charm.

Did you note my post on the money that I sliced some at +1300p and again today with a bigger chunk of 5000 shares. +30% gains on those trades excluding divi and SP is now lower!

Do your best mate coz I am looking to trade back in for another run!

GG my lucky charm! lol!

Trek

That’s from Reuters Power Up daily email. Together with US economy scare and shorts may account for change in sentiment today.

Anyways let’s see. Trading hat back on getting ready to average back in!

Usual caveats

Trek

U.S. natural gas prices have slumped again to some of the lowest levels in decades, after adjusting for inflation, amid slow progress absorbing the huge surplus inherited from a very mild winter in 2023/24.

After bouncing a little in May and June, front-month futures prices slipped to an average of just $2.25 per million British thermal units in July. In real terms, prices have only ever been lower between February and April this year and during the crisis caused by the first wave of the coronavirus pandemic in 2020.

Ultra-cheap prices have encouraged record gas-fired generation but have so far made only a small dent in the enormous stocks inherited from last winter. Working inventories were the second highest on record for the time of year in the middle of July and 17% above the prior ten-year seasonal average.

Cheap fuel has incentivised some of the least efficient gas-fired generators to run their units for more hours largely at the expense of coal-fired plants. Single-cycle gas turbines and steam generators, which normally run only as peaking plants, ran at the highest level on record for the time of year in April.

Gas-fired generation hit daily records last month during a heatwave across much of the Lower 48 states and with solar generation in California and other western states hit by wildfires. But it has not been enough to wipe out the glut.

Extraordinarily low prices are sending the strongest possible signal to producers on the need to cut drilling and output even further after an initial round of cuts announced in February.

Prices will remain lower for longer until the inventories start to converge with the long-term seasonal average, most likely by the end of winter 2024/25.

I still think we will see £15 here. It just looks like going lower first until the shorts get an exit.

I was taken back by that rapid drop today so took some off to hedge my bets.

Being decisive served me well here last time.

Even with the drop and excluding divi I was +30% up so it made sense to have some cash cover. I also sliced some at £13 so don’t want to loose my gains now.

If it goes up I will stick with what I have. If it goes down silly again I will look to average in and hopefully catch the bounce.

Holding some cash gives one options.

I was all in the market and with Hez, Iran and Israel squaring up I thought best to have some cash ahead of weekend.

Flipping heck this is hard word sometimes!!!

Usual caveats

Trek

Well I just sold 5000 shares given the momentum of the drop searching out stops. Will look to buy the bounce later.

Trek

Looks like a concerted short attack to take it down. Could be an exit plan for someone.

This is where DEC really miss a trick and should escalate the BB. Their broker can see the real time data and should pick a moment to grab stock.

It’s got beyond investing fundamentals here and is just a battle of trading positions. The data the com-any puts out is irrelevant imo. Too many folk underwater now long and short and they all want to salvage something.

Us jobs data just out also isn’t helping and is providing a trading opportunity.

This is the nastier side of shorting imo. The alternative is folk just sell or don’t buy which can expose a stock without these wild swings.

Interims and 2nd quarter divi announcement should be around first of sept so some may be looking to close by then to avoid paying another divi!

Usual caveats

Trek

US 10year 3.99% !

“ Yields had fallen on Wednesday after Fed Chairman Powell hinted at a September rate cut after the central bank’s July meeting concluded.

“The broad sense of the committee is that the economy is moving closer to the point at which it would be appropriate to reduce our policy rate,” he said in a press conference after the Fed meeting.

Powell said the Fed would weigh economic data, expectations and risks alongside inflation and labor market signals, and respond accordingly. Depending on these factors, “a reduction in our policy rate could be on the table as soon as the next meeting in September,” he said.”

Trek

Yep that’s the one Mick,

I watched it through. Trump was pretty good imo and that’s not a reflection of my views of him just an observation.

Lesson there for the interviewer who jumped right in with an aggressive line of questioning coz she was so excited thinking she was about to nail him. Was introduce yourself properly, say good morning and don’t be late!

Trump had full control imo and the interviewers were pretty amateur!!

Trek

Well I watched it and thought the slippery snake did well turning the direct questions back and actually had applause from much of the audience. For those that aren’t interested in the facts believing it’s all a conspiracy Trump performed for them.

I was surprised at how good he is at what he doest! Or did I see the wrong vid.

Trek

Rogue trade at 15:08 for 3m at 1p. It often happens. Trades either side were within normal bandwidth.

Usual caveats

Trek

Very clear account of assets showing both strengths and developments. Long may such a candid approach continue.

Trek