Member Info for TrekMadone

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Trek

While we wait….zzzzz

‘The refinery started production in January and will be the largest in Africa and Europe when it reaches full capacity. It could upend what has been a highly lucrative Europe-to-Africa fuel trade and transform Nigeria into an exporter of fuels.’

https://www.reuters.com/markets/commodities/nigerias-dangote-refinery-is-reselling-crude-sources-say-2024-07-26/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Power-Up&utm_term=072924&user_email=b2e8c97ccc6ddb76107c5b8c6d401963987d41317d2787d216d506bcf903729b&lctg=65d3a4d7962245101d037748

Trek

Hi ART,

Have you been told your holdings will reduce by a multiple of 5??

Trek

Sold my UPL got 1.22 and added some MFAI just before they popped +16% lol!.

That’s a +35% over a day trade!

Not as good as ukog but not bad. Pity it was ‘small’ sums though.

Done lots of research on MFAI and happy to hold them now.

HEX pullback. Not worried though as all normal trading. It’ll move when it settles as has only had good ops news.

SEPL was lively today. Results tomorrow. Will prob drop back and then return over the following days as usual!

Should’ve bought some JD…. Doh! Further to go though imo. These retail plays can move on good results 180p is still on imo.

Usual caveats

Trek

That looks to me 1 MMM share = 1 GEX share????

Trek

Got some at a Penny to sell!

Trek

Agm not till 3pm so no idea why drop. Someone seen slides in advance and don’t like it? Makes no sense with so much cash now and is a bit overdone for profit taking.

Usual caveats

Trek

Two UT trades today. To put that in perspective there has only been one other in the last few weeks and pretty much zero before that.

Imo that is because all the buys are matched from the seller. When we start getting normal UT’s and no intraday delayed trades it’s a good indication that any overhang has been absorbed.

The recent brutal drop on only positive operational news could indicate that the seller has cleared out the last of what they want having reached their overall average price objectives.

The larger holders are seldom of the mindset of PI’s and have different objectives.

Following the IPO what we have seen so far trading wise is all pretty standard and takes time for things to settle.

I remain very comfortable even with my 21 & 22p buys which I will add to later if my day trade with UPL at 1p comes off.

Usual caveats

Trek

I just had a look at MMM. They RTO into GEX tomorrow.

MMM closed at 3.9p

GEX are IPO’d and 12.5p albeit with more shares.

So I think the investors shares are now worth 12.5p each instead of 3.9p albeit they own a smaller percentage of the company than before as it’s a new company with a bigger mcap (due to placing) and more shares.

Will be interesting to see how it plays out. If indeed MMM holders don’t get a split of 1 share for every 5 held they see a 200% gain assuming the 12.5p price sticks.

If that is the case it make VOY.PL even more appealing!

Obviously one wants to be invested before folk cotton on!

Usual caveats

Trek

I get the dilution through issuance of extra shares. But unless you have been told you now get 1 shares for every 5 held then you still have 12.5p a share to look forward to. If that’s the case you will have a corporate action from your broker advising of the consolidation.

The mcap is increased by the value of the extra 40m shares that the investors have taken up.

So instead of a £1.25m company that is now a new £11.2m assuming it keeps its new listing price of 12.5p

There are 90m shares at 12.5p as opposed to 32m shares at 3.9p but each share is now worth 12.5p. So you have a smaller % of a bigger mcap but a higher sp and you hold the same number of shares unless someone can conform that your broker has said you will have less shares in GEX.

TIA

Usual caveats

Trek

I hovered over the buy at .49 and didn’t buy doh! I just don’t like stocks dependent on landing gov contracts. I didn’t buy HARL for that reason and just thought better of it.

It only takes one article and it comes tumbling down. Fair play to those that have made significant profits now but I would defo take my cash out and just leave profit in. Especially while there appears to be buyers.

Usual caveats

Trek

Bit of volume ahead of results tomorrow. POO has held strong which will help but gas price has been weak.

Not expecting any news on divestment other than the recycled ‘soon’ commentary!

I expect the SP will dip tomorrow and then claw back in the follow days, same as usual!

Still I bought here for the divi income with any capital gain being a bonus.

After all that’s gone on I wouldn’t invest in Nigeria again. Having been here so long and so close I am not selling but wouldn’t buy something else with significant exposure to Nigeria. It’s almost as bad as the UKCS!!

Usual caveats

Trek

I held Ecr way back. Even bought 515151 shares was it when their CEO, Craig Brown passed. I wouldn't touch it now, huge funds needed to build a mine and constant dilution but good luck.

I just posted on MMM as they relist tomorrow as GEX. An Oz helium play.

It will be interesting for holders here to follow the SP. MMM is 1.25m and GEX will be 11.2m. The prospectus page 27-28 indicates the difference will be made up with issuing 40m new shares.

https://www.mmmplc.com/mmmplc-news-and-documents

Surely I have that wrong as that would be a real bumper for holders!

Mind you I am expecting a very good return here if we successfully RTO M3 Helium!

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Trek

You can see details here page 27 & 28.

https://www.mmmplc.com/mmmplc-news-and-documents

Listing as GEX tomorrow with 40m new shares at 12.5p

Doesn’t look like a split to me rather just adding new shares to take the mcap to 11.2m.

So holders at 4p will do well.

I haven’t read all the document so if this is wrong please can you call out.

I don’t hold and watching with interest as I just bought VOY.PL so curious as they will go through a similar exercise. I also have a for me large position in HEX so I look at peers.

FYI I see this one as one of the more risky of the Helium plays, they have one years money and will be dependent on OilCo but hopefully you guys still see some very good on listing.

Good luck,

Usual caveats

Trek

It would be pretty stupid to tee up the AGM like they have and not provide the necessary confidence.

Anyways worth a punt at a penny!

Usual caveats

Trek

I have clocked JD sports. Broken above 200dma. It tends to have the odd spurt.

They had both finalists in the euro’s kit wise and now the Olympics. Surely some good off that with improved weather.

TA wise looking good. I should have grabbed 118 when I had the chance!

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Trek

Well scouts honour (lol - scout, that’s the offtakers name!) I made my post before Alan Green’s interview! I was aware though that he had clocked VOY from this …

https://x.com/Alan__Green/status/1816507786001305743

Courtesy of panman on vOY.

But what really psses me off is his media is all rampy. He doesn’t mention the spread, the trading liquidity or that the stock could be suspended ahead of a prospectus.

See my TeCAN post at 16:14 before his rampy interview!!! Trying to help!

That’s not saying what he says isn’t bad it’s just that it misses some important facts out for fellow PI’s.

Like buy now and sell tomorrow if you are lucky, as there is little market. And if you do sell you loose 25%!

Mind you it’s like all the ii investment vehicle plugs for ETF’s and OEIC’S they push ‘em but never mention the % costs!!! And some are like 3%!!

But still I guess PI’s gotta do their own DD!

Hence I hope my diatribe is useful!

Usual caveats

Trek

Well scouts honour (lol - scout, that’s the offtakers name!) I made my post before Alan Green’s interview! I was aware though that he had clocked VOY from this …

https://x.com/Alan__Green/status/1816507786001305743

Courtesy of panman on vOY.

But what really psses me off is his media is all rampy. He doesn’t mention the spread, the trading liquidity or that the stock could be suspended ahead of a prospectus.

See my TeCAN post at 16:14 before his rampy interview!!! Trying to help!

That’s not saying what he says isn’t bad it’s just that it misses some important facts out for fellow PI’s.

Like buy now and sell tomorrow if you are lucky, as there is little market. And if you do sell you loose 25%!

Mind you it’s like all the ii investment vehicle plugs for ETF’s and OEIC’S they push ‘em but never mention the % costs!!! And some are like 3%!!

But still I guess PI’s gotta do their own DD!

Hence I hope my diatribe is useful!

Usual caveats

Trek

VOY is best I have seen since HEX Tro. So much so I took a 25% hit on the spread to get some early!

I don’t know yet how the share structure will follow post IPO. VOY are worth 2m and M3 Helium have to be well north of 40m mcap imo. Even saying they are 10m which allows for huge upside could mean a 5 for 1 split. So I get 500k shares instead of having my 100k shares. Or they can do it by price. So say a 0.2p share becomes 1p.

They recently raised 864k at 3p. It’s 4 to 4.5p to sell atm but little liquidity. Many that took up the placing will probably hold until after the prospectus and likely after the RTO.

They get 1 warrant for every 2 shares but they have to pay 6p for them. So that’s a good indication of where the sp is heading short term.

There will be media etc after the prospectus and no doubt plenty of buyers as it’s the real deal. So I think get in early and the spread will go once volume ticks up.

I notice Alan Green has just cottoned on to them which will help! lol!

Will itge new company be called Voyager Helium or just M3Helium. Ticker M3H has a molecular feel to it!

Then into orbit! 🚀🚀🚀! lol!

Just gotta switch off to it now and wait! Could also be suspended once prospectus is posted just like MMM. So don’t tie up money you may need short term!

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Trek

Hi Mick,

I think it’s inevitable that some may spread their risk. However, as word gets around other new investors may step in. The likes of HEX is significantly undervalued according to brokers. Even taking 50% off for broker froth that one still comes out at 50p min! They fancy 90p-180p range!

As for the helium market it’s actually constrained by lack of Helium so there is room for plenty more producers.

I have had a look at the GEP website as I know they are Oz based and Oz only accounts for 1% of the worlds Helium sales so far.

They have land and expect to reenter and test some old wells that are abundant in NG and Hydrogen. Interestingly no mention of Nitrogen in the initial blurb but they do say some wells have had 9% helium.

I see them as more risky but also a 5m mcap following an RTO of MMM (1.25m) still offers plenty of upside even after share alignments. But after the frenzy, if there is one, I’d bale! Looks like a investors will become another ‘cashpoint’ like at he1!

If GEP are 5m then look at VOY in US (Kansas) they have six wells, a production facility and are selling helium from the biggest gas field in USA. Where they have access to infrastructure and separation facilities!

Currently VOY are on £2m. That’s why I have taken a position in VOY and HEX (Obviously). I also have a small position in MSMN at .034. But only small as they are very high risk but not as much as GEP imo.

HE1 I wouldn’t touch it now. Imo it’s significantly overvalued and is gonna be fraught with operation issues. Luck to all there and I have done very well out of it!

These are the other listed Helium players I follow…. AST JAY and…. USA/CAN…..AVN, DME, PLSR, RHC, USEG.

HEX is by far best pick IMO.

Usual caveats

Trek