Member Info for TrekMadone

Ya what a day! added a load here in 12439-1251 PHNX at 476 and TXP under 48p! Only one of my other buys not moved yet!

Not had a day like this for a while.

Just imagine DEC at 1900 in a few months time, we would be getting a huge divi at this price. Also they could put it up again! lol!

Luck can change in a blink. 🤞

Ps I agree with the earlier poster, said as much before. I wouldn’t be surprised if they eventually move to US. Single list like TUI planning and I wouldn’t blame them.

London as a finance centre since Brexit has been very poor. Whether that’s a coincidence or not no idea but it’s been sht! And I don’t want to open a Brexit debate it is what it is. Done move on.

Usual caveats

Trek

I had a reply and an email exchange the last time I contacted them.

Not had any reason to contact them recently. Comms have been pretty straightforward and well explained imo.

Also the last ppt was pretty comprehensive and they even put the whole of the finances on a slide deck.

I would say DEC are probably one of the most transparent companies out there. They even publish their hedges. Many don’t do that.

Usual caveats

Trek

Hopefully timed to perfection, two buys below 48p!

If I could buy more I would. Well I will but need time to flip trades into here.

But looking at price it may be just as well to do it anyway!

Usual caveats

Trek

Canada had to catch us up. I added 10k and just now another 5k today. My 10k was 47.60p!

PB said plan on 17th Dec so I figured sp May tick up towards that. What it does after no idea! But let’s hope it’s a costed capex plan that includes managing debt and the market likes it.

I really don’t see the point of paying of extra debt atm as their rates are so good. Better spend money on ops and run it off. But that’s just my view.

Usual caveats

Trek

I got 35k at 3.7, promised myself I would just add more as and when I could below 4p.

The news will flow in its own time.

Meantime we have good efficacy and safety profile for GaM, good of JS to give us the heads up!

I note Dr. Christopher Chitambar, MD is a haematology specialist, I have no idea what other pre-clinical studies have been undertaken outside of IQAI’s news but someone must have taken an encouraging read across.

Usual caveats

Trek

Added another 1000 and it’s only just been printed here as unknown, Seems strange.

Usual caveats

Trek

Added 500 at 1235.7554 or 61.78777 in old money! Crazy.

And to think not so long again I had a good size position in SMS!

Sometimes the market gets it very wrong!

Let’s hope they start buying for an employee share scheme soon!

Usual caveats

Trek

Didn’t get below 600 which was my buy target! lol!

Looks like at last someone has valued this ‘property’ correctly. One min it looked expensive next was cheap!

Perhaps that accounted for the up and down sp!

Still another bites the dust!

Usual caveats

Trek

HSBA trial quantum computing cyber defences!

https://www.reuters.com/technology/cybersecurity/hsbc-tests-protecting-fx-trading-quantum-computer-attacks-2023-12-06/

It’ll come. Get that computer away from my Bitcoin! Yikes!

Trek

Unbelievable I held a big position there. It was one of my trading favs. Buy at 6 sell at 7 ish. It just kept repeat he pattern to a certain extent. Also a quarterly divi payer with inflation plus annual increases. I always knew market had it wrong!

I think there could be a grab before dollar tumbles, lots of candidates in UK esp insurers that are soooo cheap!

PHNX, MNG etc and fintech like PAY

Usual caveats

Trek

You can see the futures prices here. It’s great for us as long term, future hedges are up and short term they have come down. So when the IFRS ‘opportunity gain/loss’ is published in the accounts it will show a net gain again. So we get a higher price than the market price in the results that are published. Albeit it’s not quite that simple by folk like the headlines!

https://www.cmegroup.com/markets/energy/natural-gas/natural-gas.quotes.html#venue=globex

I am hoping this share price stays lower for a little longer! I cant see this window being around much longer.

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Trek

HE1, I said a Penny and sell even at 2p! It looks like stock being walked down for a penny placing.

Peeps could have got out at over 2p then buy back after finance is sorted.

Stocks usually go below the placing price nowadays. Or rather go below any price nowadays!

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Trek

Hi Fallingknife,

The reference to march is for the rcf terms not the conclusion.

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Trek

TUI

“Tui, one of world's largest travel firms, has said it is considering quitting the London Stock Exchange in favour of a listing in Frankfurt.

The holiday giant said some shareholders had asked whether its UK listing was "optimal and advantageous".

The move would deal another blow to London's attractiveness as a base for big firms….”

They are dual listed but still

BBC

More will follow.

DEC imo will go permanently within a couple years imo.

London not credit since brexit imo that’s due to inertia and sht algorithms not all brexit.

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Trek

I think Monday latest. Completely unfair on investors to go beyond that.

They have set themselves up no one else has it’s really over to the BoD to deliver.

They could have said early next year, q1 or not said anything. They said…

“… The Company has requested this extension in order to allow sufficient time to conclude discussions with cornerstone investors regarding the Company's corporate copper bond issue, as disclosed in the Company's interim accounts dated 28 September 2023.…”

They know full well what ‘conclude’ means! They know what ‘sufficient time’ means!

They know how the market will react if they do not deliver.

One would have to be pretty stupid to make such a statement and not deliver!

Can’t dress it up any other way. It’s simple now at a juncture of trust!

Usual caveats

Trek

Killed momentum at IQAI following RNS!

This trading halt happened before recently!

London is useless.

Prices are appalling ever since Brexit it seems the market is second rate on everything!

Probably all coincidence I couldn’t care less but no one is sorting anything out!

More companies will list overseas and London will fall behind even more!

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Trek

Tichtich,

“…… the current dividend is not going to continue indefinitely (unless DEC can keep acquiring equally profitable new wells to replace the depleting ones…”

That is true to a certain extent but for now the production profile is to sustain the divi and pay off the debts.

Along the way there will be more free cash from debt repayments less the depletion to actually increase the divi.

But of course unless they add reserves at some point in the future we will have no assets…

Slide 33

https://d1io3yog0oux5.cloudfront.net/_0df73ccae117de0651aad071872b8513/dgoc/db/581/5825/pdf/DEC+Corporate+Presentation+%28November+2023%29.pdf

And slide 11

https://d1io3yog0oux5.cloudfront.net/_0df73ccae117de0651aad071872b8513/dgoc/db/581/5823/pdf/ARO_Supplement_-_Draft_vfinal_11.13.22.pdf

Usual caveats

Trek

My average is 69p price is 65p ish still in old money (20x65p=1300p)

I am staying put!

Note very few trades today only 78 at this time. Systems must by buggered by the consolidation still!

Usual caveats

Trek

Took some off. No idea how market will view…

Either they have some debt at a better package or they can up woefully short of request or the market never thought they’d get it all anyway so worth a try! Wtf.

No comments from bod with RNS! Don’t say disappointed or pleased but I can see them closing the rest with time left.

Sold 1/3 with view to buying back higher or lower.

Usual caveats

Trek

Well it’s picking back up now,

A little shake along the way,

Managed to flush out 100k,

Dropped the bid to frighten me,

But I wasn’t fooled by the spread you see,

Got a secret weapon a dummy sell,

They wanted my shares but can go to hell!

News it close for the phoenix you see

A copper bond to set millions in assets free!

The next time this moves will be to the sky!

Those sellers can rue as they bought the lie!

Best to sit tight but only invest what you can loose

That way you can relax and are not forced to choose!

Investing in tiddlers is a casino so true

But just one huge winner can still come though,

Just one 10 bagger will make the difference, you’ll see

Phoenix copper, with the usual caveats,

is the choice for me!

Trek