Member Info for TrekMadone

ARB - primary bid 25% discount fund raise. Closes at 8pm tonight.

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Trek

Dow up on US earnings. Can’t think of any other reason why this should have moved up today. It’s gone up on sd all volume, just like it went down on sd all volume!

I still maintain though when this settles above 90 we won’t see the 80’s again. Hence I have added again! Just think this is unbelievable value so have sold other income stocks to tip into here now for the yield.

Out of fire power now unless some other trades come off!

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Trek

This vid is on the website. Don’t think it’s been posted here.

https://youtu.be/ZUYZBBGFYlE

https://www.imagingbiometrics.com/

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Trek

Been adding to IQAI. Crazy that zilch value for ODD and nearly completed a phase 1.

See interview if interested

https://www.proactiveinvestors.co.uk/companies/news/1020789/iq-ai-limited-shares-latest-progress-from-phase-i-glioblastoma-clinical-trial-1020789.html

As always it’s not for ‘widows and orphans’ I have followed it for years so know the downside v upside but things are getting close. I don’t mean weeks but certainly heading towards a rerate. 3p is lower than my new average and worth a trade even if you don’t know the story or cba’d to do the research.

Ps YU’s results soon. Looking lively there. I don’t hold anymore as moved on but my trades there paid for a nice cruise! Teeing up for a run through 700p and good chance of 800p after results imo.

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Trek

I am not a fan like some but can’t argue with this!

“ Another smart deal from DEC who continue to tidy up the portfolio with accretive deals such as this which sells non-core acreage whilst bringing in cash thus increasing liquidity. Combine these deals with the larger more strategic deals, which by the way set up these smaller divestments, and you have a strong business case.

It should be remembered as you look at the phenomenal embedded value within DEC with their huge yield and potential for buy-backs which add to the massive total return. Also if they stopped doing deals now they would be able to pay an unchanged dividend for many years without affecting the ability to pay out these significant amounts. Ive never seen protection like it.”

https://www.malcysblog.com/2023/07/oil-price-dec-beacon-petrofac-longboat-and-finally/

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Trek

Bought 50k using profits from elsewhere because this is the first time in ages they will take 500k off me in one go!

Going higher soon imo!

Whilst I am bullish on the prospects here please remember I have always maintained this is for cash you can ‘afford to loose’. It’s the only way one can sit out the vix without worrying!

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Trek

I’d like to see some skin from the new BoD members. I suspect those that pushed for change in the guard would also want to see commitment other than an options package.

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Trek

Agree cautious11 but I had another nibble. ‘Only’ 25k. Just had some cash left after some trades today and thought wtf!

I am gonna sit here at least until we get the Phase 1 results. Couple that with ODD and if successful there will be no way of keeping the SP down imo and others will want a piece!

If they do run phase 2 with another drug, for sure it opens up permutations but I don’t think it will change TB’s mind. He will look to divest.

I remember sitting on ARB at 4.5p saying this is worth £1. No matter how you cut it the market had it wrong. Then look!

You don’t always get them right or even the timing but there are often opportunities lurking out there and IQAI has a good change of being an illusive multi-bagger!

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Trek

Blue ,

TXP cascadura hook up and flow test due anytime. I think likely by Monday.

If all goes well Cascadura will produce as much FCF per month as TXP have been in a year!

In parallel they are flow testing Royston 1x well. 200 feet of pay. That’s after Casca.

If you wanna trade TXP buy now and sell the news then buy the pullback and sit it out for Royston then sell the news again.

I have tipped TXP four outta four runs from 60p to 70p. I reckon now you could get 77p to sell at + 95p. I

t should go way higher but the market doesn’t have any logic atm. If the volumes are there sell in lumps and buy the pullback.

The top is a difficult call but the buy now and sell for a profit is pretty straightforward if there is such a thing!

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Trek

Just got more at 86.7199. Sell overdone imo plus I am in for long haul!

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Trek

It’s a fair assumption notrex and right to call out….

The company did caveat… “ the Company, at its discretion and on occasion, may…. if and when implemented, will represent an appropriate use of the Company's cash resources relative to its net asset value.…..”

So their intentions have always been a BB is plan A (ish) unless another opportunity prevails that will usurp a BB over improving its NAV.

It very much looks like something has come up and they now have $56m in cash from divestments to put in the pot.

If the last divestment wasn’t the Tanos developable acreage then that’s another top up opportunity and it does seem that irrespective of what the market currently thinks there are buyers for all things gas out there!

If not there could be a buyback and/or special divi here at this rate!

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Trek

I did also think Thursday but could be next week imo. May use the weekend to pull together the final draft. PB will be a bit nervous having been told off ‘for ignorance’ before so he will be sure to tick all the regs! Could then land in Monday but earlier would be nice as so many skittish investors!

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Trek

Well Mr market doesn’t like it when we add assets and doesn’t like it when we sell them. So what do you like?

“We just like not to like!”

‘And we certainly don’t like it when folk just buy and hold a stock!”

“Nothing in that for us!”

Lol! 🖕

WSBN….. I don’t hold but Cottesloe mag results out. Looks like copper. AG as well though which usually has Au in that type of mix. Not sure if it will be enough to fool the SP though as that takes a drill! So I doubt it. Now watch it go!

PXC…. Drilling Nav Creek. Gold there but news is the bond finance. Still ratifies that the have cash with 60 RC drills planned! I do hold there.

CNIC…I knew I should have grabbed 110 as posted here. Buyback seems to be slowly eating up any sells. 140 slice was my tip.

HARL…. I did say avoid at 18p and at 15p now avoid at 10p! Buy later though. The next dip poss today could be time to build a position. I won’t but would if could.

COPD… ya try to help some folk but you just can’t save em from themselves! Could bounce from below 2 though! Small bet 50% at sub 2p and powder dry for 1.5p. Just don’t stick around! Grab any winnings and run!

IQAI… I am in for more! Don’t follow me it’s for widows and orphans. You should only risk winnings from elsewhere on that one! Sooooo tempting!

DEC…..my biggest position. The BoD know exactly what they are doing the SP doesn’t! Lol! Still I only need 89p for evens and getting +13% yield after all the taxes! Happy to hold for a long long time there!

TXP…. Soooooon not long now. By end of week or next Monday if they need time to do RNS. My second biggest position now but my average is low.

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Trek

I was hoping they may develop the 50 odd undeveloped Tanos sites but it looks like these are now the ones that are being sold. Anyone concur?

I note also…

“ The sale proceeds enhance our liquidity as we evaluate other value-accretive opportunities to generate additional free cash flow.”

So I guess that’s why the BB has been a damp squib. They have their eyes on a bigger prize which obviously will exceed 16% ROI.

Going by earlier posts I think we’d prefer accretion esp if the hedging is higher like Tanos was. Just hope the SP doesn’t drop 10% on the back of it!

Gotta hand it to them they are sticking with their model and the directors have backed it with their own skin!

Energy should cool down today following China data. Place is a house of cards but the seesaw should swing in favour of Europe and NA as inflation cools.

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Trek

A hunting we will go! Epithermal gold and some quartz veins!

Peeps may not realise that there is gold there it’s just a case of how much.

60 RC holes should give a good picture but I expect more drilling to follow once they have the geometry.

Important news to follow shortly!

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Trek

Hi Corpse, it will likely sit in open auction until they can match some orders to kick the day off. Could even be 10-15mins before any trades go through on the countdown.

I have played these before by sending sells for at best as early as possible to get to the front of the queue for the best price to sell into a shty RNS!

Similar is true for buys but you can only put through a total cash order as limit orders just sit there. But you do then run the risk of buying a spike. However, if news is good then the SP should close at a higher point at the end of the day even if it dips a bit.

You really need level 2 to make the most informed calls.

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Trek

It looks like GaM has a very good chance of meeting phase 1 based on the commentary of no toxicity issues even at the now higher dose.

Possibly two phase 2 trials. 1 with GaM and one with GaM plus another drug. That likely means a partner. That means they would have to pay to be at the table! That could open up a free ride for at least shared costs for IQAI on Phase 2. That could be me getting ahead of myself! But it’s something I hadn’t considered and am loving it!

What I also liked was…

“Behind the scenes we have a BIG TEAM OF RESEARCHERS!”

There are probably some that don’t get what opportunities and resources grant funding opens up. We have run for over 12 months and no additional CLN’s, no cash raised and yet we have access to a big team!

There is so much going on here. I don’t think scientists make good salespeople! Given that after a 4min interview we now know so much more!

Trevor also knows what’s ahead and has not been overly worried about the SP having registered a family trust to overcome the takeover thresholds. Any dilution dilutes TB as well!

Given the ODD and the timing of resolution 4 I think things may just be about to change.

Well worth tucking just a few of these away and sitting it out as the right news could have spectacular results!

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Trek

Some macro data you may find interesting

https://aheadoftheherd.com/a-moving-target-addressing-the-global-infrastructure-deficit-in-times-of-rapid-climate-change-decarbonization-richard-mills/

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Trek

WSBN… looks like MAY have bottomed.

Could be a little run before placing for the brave!

Usual caveats

Trek