Member Info for TrekMadone

TB has been off his game there and here. Wake up one morning and decide that two of your biggest investments are worth zilch. Not even a 50% reduction. Straight to zilch oh and they need cash.

The hardest thing to believe is that the SP isn’t fractions of a pence…yet! Sure they have other investments but TB has really been on his game there. I mean those are different spots!

I am down to a small position here from 700k shares now. I just get the feeling TB’s house of cards is gonna tumble because he simply hasn’t been doing the basics. Where’s the revs for IB?

Outside of grants and the LA hospitals he hasn’t converted any of that tech momentum into cash. We know that coz he issued another load of basement CLN’s.

We saw a glimmer of hope in the last RNS but the market just isn’t fooled!

Thankfully I recouped my losses by putting what was left into HEX + a lot more.

Seriously thinking about selling out completely but am seduced by that rose tinted optimism that has kept me here for years. That and I genuinely feel psd for the other investors that are stuck with this narcissist!

Trek

I think we have had plenty of news and info for now. This is giving new investors time to get in around 20p.

Expect the unexpected news wise imo. These guys are about sharing risks and doing deals as well as following their costed plan.

Sp could quite easily establish a staircase pattern. Big steps either side of the lulls.

It’s only been on this step a week!

Usual caveats

Trek

Txp - throwing off cash and that cash ($20m) is set to double. Market giving it a kicking coz it’s been slow coming. Lots of engineering about to complete from now to end q3.

2 wells come on end of month then at least 6 more by end of Q4 when production should be much higher. Then take out Trin ops costs and mix it up as the acquisition completes.

Sub 40p is about as good a buy on AIM atm. For no other reason that TXP’s expansion is funded pretty much operationally proven now and is just a matter of time. This has been years in the making.

That makes for a pretty good investment proposition especially if you can tie in some cash at the lows and wait for the re-rate. You can buy now for under 38p. Let’s see what 100k shares is worth mid Dec 24. I reckon on an excellent lowish risk return from here.

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Trek

i go along with that che7win,

it’s also a big deal that they now hook up that other 490 feet of pay by the end of the month. about time they delivered something on time!

“ the completion rig was mobilized to the surface location and completion operations are underway on the co-374 well, following which the co-375 well will be completed. we expect that both development wells will be online by the end of may 2024.”

as for the casca wells, let’s hope the feasibility study shows what they need to do to hit the ground running with the other drills.

the sp should be transformed by christmas! this christmas this time!

i note the promotions = pat on the back = more pay. well fine if shareholders also see some benefits!

likewise i agree it’s about time now we are out of a close period that pb pays the market rate for stock that he has pretty much put on its ****!

not been impressed this last couple years but i think there is at last genuine light at the end of the tunnel and this time it ain’t a train!

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trek

Deepfkingvalue!

Cnbc app

“ GameStop shares rallied more than 80% on Monday after “Roaring Kitty,” the man who inspired the epic short squeeze of 2021, posted online for the first time in roughly three years.

The post, a picture on X of a video gamer leaning forward on their chair as if to indicate he’s taking the game seriously, marked Roaring Kitty’s first post on the platform — or on Reddit— since 2021.

Trading in GameStop was halted multiple times due to volatility. AMC, another meme stock, jumped 22% Monday, while Reddit traded 11% higher.

Roaring Kitty, whose legal name is Keith Gill, is a former marketer for Massachusetts Mutual Life Insurance. Also known as DeepF------Value on Reddit, Gill drew an army of day traders who cheered each other on and piled into the brick-and-mortar video game stock, and GameStop call options, between 2020 and 2021.”

The hedgies will be quivering in their mansions! lol!

Trek

Sounds like ‘inappropriate behaviour’ to me that has been known about for some time and this is part of that managed exit process.

Unfortunately seen it several times before in a past life.

Any drop though is potentially an opportunity as it shouldn’t affect the business plan and Stephanie looks more than capable of stepping in!

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Trek

People move on all the time but if that’s the case it’s stated as new opportunities, or early retirement, other business interests. No reason could indicate something inappropriate not financial but possibly relational. Employees get sacked senior execs get paid off! It’s how it goes.

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Trek

I thought as main market it had to be notified. If not it’s def at odds with the bs in the AR about shareholder respect and comms!

I am in ii and have just voted. It’s in the voting mailbox.

Votes have to be in by 23/5. There is a reject all button!

Trek

It’s so sad that because of TB’s greed and that of shthouse existing and potential investors no longer trust this Bod…

Do you remember this statement in the last placing RNS…

‘ There is no obligation on Peterhouse to exercise the Broker Option or to seek to procure subscribers for the Broker Option.’

Both had clearly no intention or had any care about existing investors. The RNS was issued on 22nd of February and the offer even closed the day before the RNS was issued!

It also said in the AR how serious the CEO was to take investor engagement! Like when was TB in front of proactive!

There was another RNS about concerns of the SP and how they were looking to buy stock. To get the price up. FFS!

This company is completely uninvestible until such time as one can believe in what we are being told.

The FDA sign off absolutely helps because it comes from outside the towers of FAB and TB. But even then folk know money will be required to move the science forward and if history repeats, which is highly likely, it could well be to the detriment of investors.

I am not buying anymore stock until I see a significant improvement in transparency and investor engagement here.

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Trek

Steve,

That’s often the case. It can be that a stock is in auction so no price or can be a ‘false rise’ that only takes buys as the MM is unloading stock.

There were lots over at he1 when the sp shot up but it was difficult to sell into the rise.

I like Dcta. Used to hold but sold out after literally weeks of trying to sell but stock so illiquid and it’s put me off buying back. There are many other similar stocks.

Sometimes though there has been good two way liquidity here and the spread narrows. I think TB has even fked that up with his games!

You just have to keep trying

Good luck

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Trek

Looks like Tyke was right….

“ If market approval for IB-003 is obtained under this RPDD, IB may qualify for a priority review voucher ("PRV"). A PRV can be redeemed to obtain priority review for subsequent marketing applications, or the PRV can be sold or transferred to another company.”

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Trek

From Reuters ‘power up’ email today…

“ U.S. gas inventories are near record highs for this time of year after an exceptionally mild winter linked to the El Nino weather phenomenon. Reuters senior energy analyst John Kemp crunches the numbers to show how the market is already re-balancing. His conclusion? The current surplus won’t be around for long.”

Imo ‘flat results’ against that backdrop is ok.

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Trek

And that is not unusual for helium supply. It is very inconsistent and the price is volatile.

Hence the importance of security of supply. Especially in the US. A parallel is lithium. Price is on its knees, there’s actually no shortage of supply and yet the DoE have invested $2.3bn into the Thacker Pass Lithium mine. Why. Security of supply.

Same principles will likely apply to helium. Perhaps more so as its needed for defence, medical and space exploration.

You don’t get security of supply from Africa, ME or China!

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Trek

Huge!

https://www.theguardian.com/money/article/2024/may/08/chinese-network-behind-one-of-worlds-largest-online-scams?utm_term=663b26cb03c62220a1470850348b267a&utm_campaign=BusinessToday&utm_source=esp&utm_medium=Email&CMP=bustoday_email

Trek

GLG increased their short on 2nd May. Ouch!

Trek

Simon 11:50….

“ I think this will temporarily go back down to 12-13p before it goes up to 20p. People will take their 20 odd per cent on opening tomorrow morning before getting back in on the dip. aimo of course.‘

Be interested what stimulated that thought process other than hoping to get in cheaper.

My thoughts are that the 2nd and 3rd of May were actually the two highest volumes days since listing. Here’s the source.

https://www.londonstockexchange.com/stock/HEX/helix-exploration-plc/trade-recap

If you download the data from the London Stock exchange you can actually see that a lot of trades were at the higher price. So imo those would be unlikely to take profits.

That leaves the earlier trades, they were all ‘O’ type trades. I would assume these are the Hereford concert party shares that have been put aside to fund the market following the tight IPO.

I base that judgement on page 38 of the listing document which you can read here.

https://wp-helix-2024.s3.eu-west-2.amazonaws.com/media/2024/04/Helix-Admission-document-final.pdf

I posted before about the one hour late prints. It is likely that the SP did not move up earlier because of a pool of stock that had to be cleared.

Another valuation point is based on peer analysis shown of page 13 of the prospectus that you can see here

https://wp-helix-2024.s3.eu-west-2.amazonaws.com/media/2024/04/Helix-Exploration-March-24-Final.pdf

It is my opinion that HEX is still significantly undervalued.

Whilst there are as yet no broker notes, not that I rate them, the peer analysis and HE1 comparison is about as good a benchmark as one can use at this stage. One then has to factor in the finance, 7.5m, tick.

The quality of the bod; Bo and battle scared Minchin are a formidable duo imo.

Then you have the political location USA and Montana which is regulatory friendly.

That’s before you even look at the geo which is a proven Helium faraway. Check out the Ryder Scott competent persons report. They come out with BS and they get sued in the USA big time!

But it’s the finance that’s key. Without that cash you have no right to expect SP growth.

So my little brain has assimilated this data and whilst accepting some trading bumpiness I do not think it will be a big profit taking day tomorrow.

Remember go short on finance and long on ops. I expect 30-40p range before spud and that’s being conservative. Based on interviews I expect a deal before then to support the expo as well. That could be a massive left field sp driver.

Oh I took a huge amount of profit on 2 from 3 visits to HE1. I only lost a small amount on one trade. The first paid for one of the kids house deposits to the tune of 50%. The second went to my income pot as I manage our pensions.

Think i’ll follow my own advice.

Thanks.

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Trek

It ain’t looking good in Ukraine. DW can’t even spin it!

If Russian get that high ground they can build from there.

Imo NATO should stop pssing about and impose a no fly zone east of the river.

https://www.youtube.com/watch?v=0T0tFoendwQ

Trek

Also US jobs report came out way before the rise. Don think it’s that either.

Could be a combo of us jobs, Fed dovishness, broker note and some published media rumour.

Seems a bit much for just oversold as well at least in this one session!

Still +10% yield though!

Guess we’ll find out soon enough!

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Trek

Don’t think this is the early redemption. Market didn’t react when RNS was posted.

Remember when there were takeover rumours with MNG (I hold). I said then that PHNx would be the likely target. It doesn’t have the AUM flow issues. It’s a lift and shift and rebrand. Just like we have done with likes of standard life. Very straightforward.

I also explained the huge cost savings to be had here from AI. I don’t think the market has got anywhere near appreciating that.

The AI bots using voice recognition and intuitive searches and questioning plus written responses are proving better than humans. It’s why solicitors are also terrified. I mean come on there is really not much to basic conveyancing outside pooling and reviewing data.

The solicitors just deal with complex stuff and system generated alerts.

I have worked with this tech and can see its potential. We really are on the cusp of another digital revolution!

These comps will soon be significantly reducing their overheads using AI.

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Trek

They don’t need to build a plant to sell helium. They will likely use a modular plant in parallel to capture and sell molecules.

Usual caveats.

Trek