Member Info for TrekMadone

There is a small seller dipping 100k shares into the mix. Suites me as it’s affording an opportunity to average in atm.

Usual caveats

Trek

If this poo and buy backs doesn’t feed back to shell sp I reckon they will be off as well. More Brexit genius!

“ The firm is undervalued compared to peers listed on Wall Street.

“If we work through the sprint, and we are doing what we are doing, and we still don’t see that the gap is closing, we have to look at all options.”

An exit by Shell would be a bruising and almost terminal blow for the London Stock Exchange after a torrid year in which new IPOs have dried up and a string of firms have scrapped their listings for New York.”

https://www.cityam.com/shell-looking-at-all-options-on-undervalued-london-listing/

Trek

Hi Tro,

I’ve noticed aim having a good day.

My I3e is now blue,.

Coro, rrr, ufo and wsbn all on a bounce.

I used to hold gpm a while back spread was a pain and not v liquid but it’s a sensible sector play. Similar principle as GDXJ.

Typically I bought TRR but DMOR and not following the herd as some of the usual suspects will use any sp rise to get a placing away.

TRR is the real deal and if it doesn’t pop before it will do when the q1 numbers come out May.

Many of the diggers that are rising don’t produce any gold. Also they have higher costs ahead of them and there is no guarantee they can actually extract the assets. Few will get placings away on good terms.

TRR as a royalty company its highest cost is the 6 employees. It doesn’t get direct exposure to the mining inflationary environment so sees mostly upside from the POG rally with a fixed cost base.

Sure it won’t do 60% in a day like ufo but it’s very unlikely to give up 60% the minute there is a pullback in PM’s.

TRR has banked profit from $2000 so the POG needs to drop from 2350 back below 2000 to materially change the outlook. Whereas a $100 drop would send non producers to the profit taking exit!

Plus I reckon TRR will be on the cusp of announcing a dividend in the next year and their directors have been buying stock on the OPEN market all year at a higher sp and not financing their ‘moorings’ from discounted forward sold placings and endless cheap options.

Still I will let the aim punters out there who think one winning trade makes them geniuses learn. I just hope they bag profit on the way.

My UPL, 25% return paid for some TRR. Sure UPL may go higher but it’s a binary event band still a good company but gotta slice!

TRR got lots of shots on goal and most of them are scoring atm as commos go to a bullish cycle.

Same as ECOR. Told the Tecans at 76p down to 70p was buy zone. 100p TP. Very few posters there. Like TRR ya gotta work it out yourself! lol!

TXP as well this week me thinks… mmm

Usual caveats

Trek

PC I get what you are saying and would have preferred acquisition and divi held but the CEO is pretty adamant that there is no better investment out there than buying ECOR atm.

Ok but it’s only 5% of stock so not that big a deal.

At least they are taking big lumps out in one go so affording an exit for sellers. That alone should help with the SP but a good set of Q1 numbers is what is really needed and a line of sight to the 100m revs, then all will be forgiven!

Usual caveats

Trek

I bought in here today after trawling a few good plays the weekend.

I hold ECOR at 76p which led me here.

Similar model, low cost base and now price of gold and copper has moved up it hits bottom line and not in sp atm. Us lithium will take care of itself.

Will add more later

Usual caveats

Trek

How did I manage to remove all the capital letters from my post between finishing it and hitting the ‘Post Message’ button.

Looks like it was written by a 10 year old! Doh!

Trek

said i’d look at the small cap goldies. well outside of paf,cey and perhaps pow can’t really find anything that floats. as you know i bought ecor for a trade averaging in at a tad under 76p as i see 100p soon. well that took me to trr.

trr is a royalty company. it’s 40% lithium which i wasn’t keen on but that is in the usa, the govt has stumped up 2.32bn to develop the mine with ford putting up the rest. trr have land royalties there. sure it’s jam tomorrow but it’s a risk motivator 2 years out with 30m of revs net to trr paid for by doe who want us supply security so lithium price is not the key driver.

now for gold. they got a shed load of producing assets and the pog has turned their balance sheet positive. that was at last interims. they only have 22m debt now and a new flexible 40-60m rcf at a reduced rate based on sofr+ for more acquisitions. last update was 25m cash but i am hoping that has been put to work now following rcf and pog.

the revs are positive 4.5m at interims and admin, ‘mooring fees’, at 2m are sustainable. so this lot have earnt the right to play on their boats. ebit comes in at +10, +4m adjusted.

now it’s no wonder why the directors have been buying stock!

as for the gold assets which is key the majority is in south america some us and some in the **** end of west africa where bandits are free to nick what they want but for now it’s a small % in mali but v low aisc which sits nicely in risk profile.

thing is with royalty compainies they don’t carry cost of operations. they are parasites, sorry partners that put up capitol and then make the cash off the host but claiming nsr’s or profit % or flat fees or all from the host. oh yea like a parasite! but this one at least has an element of symbiosis as both need to be successful to survive. and with the pog as is which ain’t in the numbers yet there’s a lot of symbiosis!

prob best you look at the last 3 slides here to get the gist…

https://tridentroyalties.com/wp-content/uploads/2024/03/trident-royalties-corporate-presentation-2024-v4-3.pdf

i bought a tad under £5k today. don’t have cash for more and with the rest of the pf flying apart from one i can’t really sell. so will add later with divi income.

trr is the real deal, it’s risk balanced on commo’s and geo. great balance sheet. directors are buying. it won’t bag but it ain’t going bust and there is under noticed upside from pog.

defo not for the wsbn ecr type investors who seem to love seeing 60% drops in sp!

best i could find outside paf and cey

usual caveats

trek

Nothing in London.

Trek

I get the LNG, new pipeline etc narratives. However, I note the SP here is lagging the POO macro having soaked up the UK tax concerns.

Now given I3E’s predictable revenue stream, which translates to predictable divi income. Add in the POO outlook + I3E’s ops ambitions and shareholder loyalty it’s looking a very compelling investment now for growth and income!

Today I bought back in.

Usual caveats

Trek

20k trade at iqai,

Dest also hit bottom at 25p

My trade on Upl on the money again in at 3p out at 4p! Will have another go if it pulls back but news is due. I couldn’t care less about the news though.

EcOR buy back is taking round number chunks out of it.

Put PAF on your watchlist. If it goes back below 20p buy imo. It’s the real deal.

Avct - mmmm I think it jump to 60p in one session once the dross is clear.

Usual caveats

Trek

I3E - I held them a while back. Just reinvested. I wanted to get in below 10p but couldn’t flip some in time. Have some powder now following a sell to add a few more but also like PTAL.

On gold SRB was one that I looked at with my SHG sell but opted for PAF instead. PAF done well but SRB way better! Doh!

Now of course PTAL will do better than I3E so if anyone looking for small cap income from oilies do the opposite! lol!

Also gonna get a few more ECOR to trade later.

Usual caveats

Trek

TIA! Guys

I will do likewise

Trek

Mick, all

If you find any genuine small cap goldies. Post em here I mean like producers with half decent balance sheets.

So not the likes of ECR, WSBN COBR the usual bull.

I just looked at GRL as I held them way back and did well. They are now suspended lol! Need cash!

There’s bound to be a couple out there. I have traded lots before and so far only see PAF as the real deal.

Trek

I put a lump into ECOR, I tipped it here at 76p. I bought down to 70p. Bottom was 69p but you couldn’t buy. Now 80p.

It’s a commo royalty play so ya get the upside from price without the costs or inflation.

They have copper, cobalt, uranium, nickel, no gold of note though.

CEO put in a wedge on open market.

Last results were shyte coz the mining wasn’t on their royalty areas. Now it is and big time. So next results should be better.

The thing is they halved the divi went from quarterly to bi annual and used cash to buy back stock which the ceo sees as significantly undervalued. Well he has loads of shares so he would!

But look at the chart. And look across to copper peers that have tracked the copper price.

ECOR has been overlooked coz the market thinks it’s mostly cobalt. Cobalt has been in dumps but now has been reforecast at a CAGR of 8-9%. So should stop falling! That’s showing on the charts. You can see them on trading economics.

ECOR got 100p written all over it. Brokers rate +150p, they would be! IC also tipped. After me of course! lol!

I am gonna likely sell at 100p but will flip some more in there and elswhere.

I have some stocks that are between divi’s now. Like MNG and I should have sold them earlier like I did last time! I held coz they were so strong on the run up to divi and with Phnx are the best value income plays. But sometimes you have to ignore logic move and come back! Work those bucks!

So ECOR 100p, chart looks like a foot about to kick a football! Average out at 100p!

Fully funded, buying back 5% of own stock. Next results can’t be as bad as last!

Usual caveats

Trek

Obviously a bot, it’s picked up on the chart momentum which we can all see but the earning forecast is….well.. one of the reasons we were so unloved, coz some folk couldn’t figure it out and nor can the bot!

Hope folk were able to average down a tad or at least use the recent divi to do so.

My position is well in the blue now and I will be looking to use that base to average up as I still see this as a very solid income play with more to come sp wise.

Will be tipping some divi’s from elsewhere into here hopefully under 1000!

Usual caveats

Trek

Reckon a lot of small cap goldies will be leveraging the price of gold soon. Atm they are probably hanging back for dovish Fed but once that rate cut lands they’ll be knocking on the doors of investors.

Gold should go higher once rates are cut as treasuries come down.

Yellow used to be an inflation hedge but it hasn’t-payed out like that this time around as investors have piled into us treasuries.

Once those rates are cut and ya chuck in the macro risk plus the fed balance sheet then gold will really motor. There is little risk reward for holding us treasuries. So use PM’s

So now is the time to buy the small cap PRODUCERS, not the shty stocks with jam tomorrow lifestyle CEO’s. Else all you will be doing is funding the mooring fees for their boats!

You have to pick the minnows that are chucking out the ounces and ideally don’t have too much debt. If they are in a stable geo all the better but they are difficult to find. Else go with the slightly bigger players that are expanding ops like PAF, CMCL and CEY.

It’s better to have a steady rise and even some yield than spread out over a few minnows in the hope that one multibags.

For sure one multibagger can change everything but even then just punt money unless you really have found a genuine winner!

I haven’t found one honest ceo out there yet amongst the tiddlers, they have all ended up being FoS so would love to know if you have found one! lol!

Usual caveats

Trek

Gonna see 100p soon.

The market likes the cut in divi and moving to bi-annual. I don’t. It’s not what this investment pot is for.

I will likely be selling and moving for income. But for now there is no point as it will imo hit 100p.

Next TU should be so much better. Caml had a pretty ordinary set of results and imo a shty investment yet the market has just moved it up on the copper price.

This one will follow soon enough, an 80p close sets the momentum. Folk may start to average down then confident the worm has turned.

Usual caveats

Trek

SEPL - I posted there yesterday that it should move on POO and macro tailwinds. Today up 7p.

Plus there’s a treble divi due soon.

Been one of my tips from below 100p that one and I hold a wedge.

Ready to test 200p soon me thinks. Balance sheet is excellent way more cash than debt, new pipelines come on in q4.

Also have chance of divestment from Exxon which when signed off should put sp well into 200p.

The Nigerian listing is 40% more expensive than shty London! And the fx has been flat!

It’s been a sensible downside v upside risk play esp with oil prices hitting the profits instantly.

There are only a few of us that post regularly there. We like the yield and the metrics. Still a buy.

Usual caveats

Trek

Looks like the POO penny has dropped, I guess that’s a start!

Trek

Ya can change your name to something even more stupid but it doesn’t matter!

Problem they will have is customers want to be associated with rising stars so they will not renew contracts if the sp is under further pressure.

They got a lot to do. Sell and look to buy back cheaper if you like the risk. Traders only imo.

Usual caveats

Trek