Member Info for TrekMadone

No real news — well it’s just saying ‘tickety boo!’ — that’s nice. No snags!

Show me another sub 50m mcap with three rigs operating at once!

Strapped in!

Trek

8.5m cash, flat divi and guarded outlook nom….

But and a big but… it’s a leveraged bouncer on macro (Iran) and interest rates. Bit of a TW…. If you know what I mean! ….See chart.

Revs are slightly ahead QoQ 5.2% and they have a pipeline, albeit it’s slow… so it’s a similar question to that facing TW… what’s the rate outlook!

That cost of capital dynamic has a significant impact on cyclicals…

You could be buying stock now, imo, in the sweet spot!

Remember, we don’t need a cut. Just to know that rates aren’t going higher followed by a dovish narrative!

If so likes of NEXS and esp those ebitda positive, with quality land banks, geo etc will gap up significantly— you can pretty much inversely mirror the dip charts!

But tbh — unless there is a specific underlying reason that you like NEXS… and I honestly therefore stand corrected… I would buy TW ..only if it’s in the synonymous sector/ macro play that you seek as opposed to unique stock rationale.

I would go for the higher divi and better liquidity TW has to offer — albeit I don’t really know what the liquidity is really like for NEXS as I haven't traded it! — my view is perception based on volume and mcap..

For transparency I hold TW

For transparency I trade it.. and am looking to sell my 178p buys at 185p

So whilst I have drawn similarities to TW.. it’s from a trading view only.

GL

Usual caveats

Trek

Oh the irony… see how USA has dropped down the freedom table…

https://www.visualcapitalist.com/ranked-the-freest-countries-in-the-world/?mc_cid=976f3540c5&mc_eid=5222e6014c

I guess though the measures can be a bit of a perception but one thing is for sure —- don’t take it for granted —- as many unfortunately seem to —- and it seems that freedom is still something worth fighting for based on the heroe’s of Ukraine and valued looking at the euphoria on the streets of Budapest!

A little encouragement

Trek

It’s a steel - China produce more than 50% of the worlds steel — wow!

And the EU are having a shin dig about how they can reduce dependency on China!

https://www.visualcapitalist.com/ranked-the-countries-that-produce-the-most-steel/?mc_cid=0ff1b7ab7d&mc_eid=5222e6014c

Trek

Well it’s good to see an indicative 500k sell go through in one hit.

Trade didn’t have to be broken up.

A sign that someone is happy to collect stock!

I am hoping to time one more buy here -

Enjoy the w/e sunshine!

Trek

Watch the volume for a clue.

This pull back could just be a ‘dump’ of what’s left as the majority of the work has now been done.

May prove to be a good entry / top up point for those that can.

Usual caveats

Trek

I mentioned earlier that I emailed the company- very helpful reply pasted below. But, respectfully, I don’t think that they understand that the shares must be moved off IG’s legacy platform. That can only be done by a sale or in-specie transfer, now that the paper question has been answered.

At best they can then be rebought latter once the new IG platform is in place. But the issue is of course the spread and one could miss out on all the pending news!

I think you have made the wisest choice ART - especially if you intend to hold for a longer period of time.

“ Thank you for your email, and I can only apologise for the stress this situation has caused you and other shareholders. We have been in active communication with both IG and Aquis regarding this subject. To clarify the situation, the issue stems from IG transitioning to a new custodian that will not hold Aquis-listed stocks. While Aquis is actively working to find a solution, the decision from IG’s side appears to have already been finalised.

Please be assured that we are very aware of the June 20th deadline, as are our advisers. We are actively targeting a move to AIM ahead of that date, and there is a high level of confidence across the group that we will meet this timeline. Should there be any material updates, we will notify shareholders immediately. In the meantime, we are currently working on a wider release of our previous statement to reassure the broader investor community.

I hope this provides some reassurance, but please let me know if you have any further questions.”

—-

I think this also give reassurance about the move..

Usual caveats

Trek

I really don’t understand why they can’t even hold the stock even as paper until the migration completes accepting that they can’t trade during the migration.

Once the migration is complete IG will have bigger clearing platform for AIM and other markets and that will mean potential new investors in MDH can buy MDH on their new AIM platform.

But I do think the issue is between IG and its customers rather than MDH albeit it’s admirable if Nick to help out.

GL

Usual caveats

Trek

I reached a similar discussion on selling here to meconopsis, also at SDLF, and MNG… had good profits and decided to sell them on the macro.

I only kept CSN which has proved to be the right decision.

I bought BIPS, TFIF, TRIG, FGEN, UKW and some others - so went for spreading more money with the profits across high yield giving me more income.

Whilst bagging dividends though those stocks haven’t budged.

But at my buy in prices they seem near az at the bottom and the income is now quarterly which is what I wanted.

I have a few higher risk growth plays that can hopefully be sold to fund income later.

GL

Trek

If you need help with the transfer you can follow up with Gemini/ChatGPT…..

“ To help you coordinate the next step, do you know how long your target broker takes to process partial ISA transfers, or would you like a recommendation on which UK platforms handle Aquis-to-AIM transitions smoothly?……”

Trek

Posted your follow up to Gemini…

“Yes, the information provided by IG is legally and operationally correct.

The key to understanding their statement lies in the phrase "once the migration is complete." Because IG is actively shifting its entire backend custody infrastructure away from Citi Bank and over to Interactive Brokers (IBKR), their platform capabilities are permanently altering.

Even though IG historically allows the trading of typical AIM-listed stocks, Interactive Brokers does not support or hold custody for Aquis-originated assets, nor do they accommodate corporate-action transitions for stocks flagged inside this specific migration pool.

Because your specific shares of Mendell Helium (MDH.PL) are tagged on IG's systems as an AQSE asset, they are blacklisted from moving into the new IBKR custody framework entirely—regardless of whether MDH.PL achieves its AIM listing before or after the June deadline.

------------------------------

## What This Means For You Immediately

* The "Wait for AIM" strategy is dead on IG: You cannot sit tight on IG and hope the AIM move completes in time. Even if Mendell Helium begins trading on AIM tomorrow, IG’s automated backend migration rules mean your specific holding will still be barred and frozen.

* Your ISA wrapper is at risk if you default: If you take no action by the deadline, IG will eventually execute a forced liquidating sale to clean their books before finishing the IBKR custody switch. If they sell your shares to cash, those funds will sit as cash in your ISA, but you will lose your position in Mendell.

------------------------------

To Proceed to hold the stock

1. Execute a Partial "In-Specie" ISA Transfer (Recommended)

As IG explicitly noted in their message, you can keep your main portfolio intact at IG and move only your Mendell Helium shares out to another broker.

* The Target Broker:

You must open an ISA account with a UK broker that fully supports the Aquis Exchange (AQSE) and its settlements. Interactive Investor (ii), Hargreaves Lansdown, or AJ Bell are standard choices.

* The Process:

Open the new ISA, select "Partial Transfer," and input your IG account details. Specify that you only want to move your MDH.PL shares.

* The Benefit:

Your shares move cleanly over "in-specie" (as equities, not cash).

Your ISA tax-free wrapper remains perfectly intact, and you will retain full trading access to Mendell both on AQSE now and on AIM later. “

So that sounds to me as you either move as suggested or obviously open another account and then sell and buyback as cash — but as you know the spread could be a huge disadvantage!

Personally I would be very psd off and start the paperwork now.

I was caught out by interactive investor recently as they just stopped all trading in a couple of stocks I hold. Other platforms have done the same and ironically I was going to open an account with IG!

GL

Trek

Well this has been walked down on low volumes …. Let’s hope if it is a placing it’s a small equity rise in tandem with the US grant.

Can’t see much evidence of those ‘in the know’ selling stock to fund placing shares. Volume has been pretty low, spread not good.

Also our wizard of Oz would no doubt hold on to any extra stock he gets as it’s a funding gap that the market is expecting.

Get it put the way and we could actually be off to the races at least operationally—plus there’s bound to be money on the sidelines to grab any cheaper stock.

So any further fallback could be short lived

Usual caveats

Trek

Oops this bit got cut off…

“ No, IG cannot force you to sell your shares; they are your legal property, held in a segregated nominee account. However, because IG is ceasing Aquis trading on 20 June, you will not be able to buy or sell them through your IG dashboard after that date”

Please do check my caveats….

Let’s hope Nick keeps up his record of delivery — I have dropped IR an email even though I don’t hold through IG!

Trek

Below message is from Gemini AI…

For balance I am a significant holder so obviously do your own research.

My point is if what AI reports is correct there appears to be more options than the posts from investors realise.

May be worth digging deeper.

Usual caveats

Trek

Option 1:

Initiate an In-Specie Transfer to an Aquis-Supporting Broker.

You can transfer your electronic shares "as is" (without selling them) to another UK broker that supports the Aquis Stock Exchange (such as Interactive Investor (ii), Hargreaves Lansdown, or AJ Bell).The Process: Open an account with a new broker immediately and request an "In-Specie Transfer".

They will contact IG to move the electronic shares across.

The Catch:

Electronic transfers usually take 2 to 6 weeks. If the transfer is not complete by 20 June, your shares may be frozen mid-flight until processed.

Option 2:

Do Nothing and Wait for the AIM Transfer.

If MDH.PL successfully moves to the AIM market before or shortly after 20 June, this may fix itself.

IG fully supports AIM-listed shares.

If they transition before 20 June: Your shares will simply convert from an Aquis ticker to an AIM ticker inside your IG account.

You won't need to do anything and can continue trading normally.

If they transition after 20 June:

During the gap, your shares will be "frozen" on IG. You won't be able to sell them online.

Once they go live on AIM, IG should recognize the new listing, and your ability to trade them will return automatically.

The Risk:

If the company faces delays and fails to move to AIM, you will be left holding unlisted/untradeable shares on IG.

You would have to call IG's telephone helpdesk to execute manual trades or transfers, which can incur higher fees.

Option 3:

Sell the Position on IG Now.

If the uncertainty is too stressful or you do not want to risk being frozen during the transition, you can sell your shares on IG before the 20 June deadline.

The Advantage:

Total peace of mind and instant liquidity.

The Disadvantage:

You crystallize any capital gains or losses and miss out on potential upside if the move to AIM boosts the stock price.

Trek

IES — I told my son to buy at 9p (I know I should have kept mine as well). He has 25k shares

— I just advised him to sell 10k shares which leaves him on a free carry.

— why coz I think the last 25m raise is burnt and they will take advantage of the higher sp to raise ahead of final results in June.

— I did caveat it though saying if you wanna ride into the sunset they look like being the data centre/AI BESS!

— at least dad knows he doesn’t know best just has a better experience of living with the odds right or wrong. But protect capital while still riding winners!

Trek

In case you miss it amongst the form 8’s!

“…… We are grounded in the belief that income compounding is one of the true wonders of investing - the essential ingredient and rocket fuel of long term wealth creation.

"As owners of the business, our interests are fully aligned with our investors and we remain focused on our mission to operate, execute and allocate capital with discipline, experience and ruthless efficiency. ”

Laser focus! Fighting talk! Skin in the game!…

That’s how to deliver!

Not sure it fits into today’s wet world! But this success is driving dividends and tax revenues!

Perhaps UK plc should join in —- a sovereign wealth fund - to benefit the country - that would be capitalism with a conscience — there’s a thought!

Oh just like Norway where individuals are in credit and not mountains of govt debt from the same o&G opportunities!

Usual caveats

Trek

I also added to MDH tro

Got that covid vaccine start-up or that bitcoin treasury flywheel feeling in my veins lol! — except this time it’s the helium market!

This one should have some legs though as demand is well ahead of supplies!

That hex offtake news at spot shows what the market appetite is — that’s real intel!

It’s impossible to figure out the bottom but I just don’t see flippers at anywhere near 5p with so much short term news.

Should go on a run soon!

Usual caveats

Trek

Looking back through the posts - a few have added and the total needs updating

But suffice to say we are comfortably around 14% holding using the new fully diluted share counts.

I have taken a big punt here, for me, encouraged by the news over at HEX.

That there are offtakers willing to pay spot price for security of supply and build deals going forward from there is a pretty significant endorsement by the market!

We have seen evidence of that market appetite here in the collaborations reached and the 5m raise without warrants, other than broker warrants as the brokers were happy to take paper.

The sponsors putting up 5m would have had a pretty good insight into the scalability that their money will bring. Those funds will lift this well out of the 5p range else what’s the point.

We aren’t hitting HEX flow rates but we do have scalability with cheap shallow wells, high helium concentration and long life wells. So much so that a respected producer is putting in a production plant and locals want to buy into the wells!

The nearness of Rost 2 doesn’t guarantee success; the commentary on AIM listing doesn’t mean the paperwork will be finalised. But then, that’s why the price is languishing where it is!

I think the odds are pretty good and if Rost 2 comes in well that then confirms the next 4 wells which are funded as pure production revenue generating copycat wells!

All very boring and very predictable. Then we move forward with the next leg up funded from the producing wells. If we are still here!

But I really wouldn’t be surprised if a bigger player with deep pockets doesn’t take us out by then to rapidly develop a sovereign US asset.

Usual caveats

Trek

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Mickey & Mrs …………………..…........……..1,000,000

Finton .............................................................1,400,000

Kernowboy1…………………….…....…………622,328

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Sasha’s friend………………………...………..6,250,000

The Foocare ………………………...…...………165,000

HGGGCG……………………....……..…………2,000,000

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Clickandcollect…………….......................………40,000

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Botham………………......................……………900,000

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Marko71…………………..............…........……….84,000

Reserved..............................................................711,528

saintpeter7..........................................................911,530

Lincoln...................................................................70,000

REDDINGTONR.....................................................358,999

DJM.......................................................................150.000

IanLaurence………………..........…………………58,000

Pensionfund101………….........………………….1,100,000

s_o_h……………………………………………….318,000

CoeurdulionCdl…………………………….……..350,000

K3VMC…………………….…………………….….300,000

Schneidyman27....................................................217,000

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Rob........................................................................1,100,000