Member Info for TrekMadone

Could get another TR1 from Perpetual as they continue to decarbonise their pf. They haven’t tick the non uk box so should get one for crossing 4% and 3% or just 3% if they sell a lot. That may then help explain some of the selling.

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Trek

Added 35k shares over several trades today. Gives me a tad over 16k a year income after the tax deductions. V much needed to top up my pension!

My position here should be covered by my holding in TXP. The two make up most of my investments now. DMOR and back my convictions. This is a 5 year min hold for me during which I hope to get ny capital back. The markets can be wrong especially with all these distractions atm! GL!

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Trek

Make sure you catch ‘Queens of the Stone Age’ ( QoTSA) the best glasto live performance by miles imo!

Trek

It’s a ‘double shuffle’ same as any energy story.

Ask why TotalEnergy are buying? …See earlier post 21/06/23 08:51

I think they, given their profitable history and divi record have a better view of the future than us ‘pontificators’ to coin Agricore’s phrase have.

We are still a small fish by mcap. Benefit is we can hedge away and sustain our divi. We are vulnerable to t/o but unlikely imo. Or as posted we can use our financial strength for ‘gorilla acquisition tactics’ to pick up more low decline assets on the ‘cheap’ atm.

Our debt base is fixed for long term so the asset pays the debt. Gas prices for 24/25, our next hedging epoch are now rising!

https://www.cmegroup.com/markets/energy/natural-gas/natural-gas.quotes.html

The irony is our biggest risk is probably Ukraine gets settled and there is a rebuild which reverses the global commodity decline and gas goes back through the roof!

So we get a higher SP and lower divi albeit we benefit from volume. However, our Sp will be much lower than peers as it will be restricted by hedging. So you can optimistically buy now bagging a pretty ‘sure yield’ with ‘limited capital gain’ or you can take a chance elsewhere even with a different commodity like copper/lithium/steel/wheat/ etc in anticipation of capital gain based on your own macro view.

I am in the camp of a bit of both. But first and foremost I go for income and DEC is my biggest holding to deliver that. I can tolerate the swings for a regular 12.5% yield after taxes etc and expect to get my capital back in dividends within 5.5 years at the current yield!

Hence I will be buying more here reinvesting the divi and any trading proceeds from elsewhere which I actually used to build a position here! Opting for income having got away with ‘glory!’ Mostly enabled by covid plays and ARB. Now look at their SP’s!

I am more than comfortable with the business plan here. I have read all the RNS’s, ppt’s, , AR’s and viewed all the media. I also had an email exchange with Eric and have found their IR very helpful.

But I will also continue to trade my average. And I think that is the case for many holders here and probably accounts for some of the SP machinations!

A solid buy at this level imo esp getting below recent director top ups!

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Trek

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Trek

Vid on tanks blowing up! This guy pulls together stuff pretty well. It’s obviously biased but not insidiously done.

https://youtu.be/K-UwD0f--zs

Trek

Next year, or rather the year after ‘we could be millionaires Rodders!’

Holding 150k shares!

Why because it’s the best chance highest upside play with the lowest downside risk stock out there that I can find!

The secret is to find a producer that is financed for high impact expo in a lower risk geo. If TXP land Cascadura and or Royston that finances more drills on the same fairway. Similar geo. About 20 short term plays open up so they just keep looping with rapid growth and eventually a divi.

Trinidad isn’t perfect (zzzz! Lol!) but it’s politically stable and fiscally better than the UKNS! They also have govt on side who will buy ALL the gas they find.

After several years of patience things may just be about to kick off and it’s sooo under radar!

Problem is though MGW is also a fan and says 200p this year! Still he must be right once! Lol!

I think £6-£8 in another three years IF the ops go to plan. So far it’s been a bumpy ride so as always…..

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Trek

Hi photo,

The last ppt updated end May is pretty current. Slides 15 & 16 have timeline.

https://www.touchstoneexploration.com/wp-content/uploads/2023/05/Corporate-Presentation-May-2023.pdf

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Trek

Looks like it’s starting it’s run now 62.5p. Closed up in Canada at 68p equivalent.

I have successfully tipped it to run from 60p to 70p 3x in a row and again recently got a fourth time. It pulled back to nearly 57p but it’s still on track to return to 70p. That would be a 40p return on 4 trades if it comes off again.

I have a large position there for a longer term hold and hence know the stock well and am expecting much higher returns given the exceptional underlying story. But these opportunities often come along near the bottom. Not too late to still make a few pennies profit imo.

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Trek

Hi cautious,

Not heard from Mike. I may have been a bit too precise in my missive asking him about the said expected news!

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Trek

Bit of an oxymoron - Anyone post that doesn’t talk their book or opinion. I am long but work my average.

Trek

No surprise. They are nibbling away a bit at a time. Market wil read this as min 3 months to bond finance. I am now expecting longer as ATS and regs won’t be quick imo.

Expecting a dip today but not selling what I have left in as it’s there for the story which is very much in tact.

Will add more over time and restore my overweight position.

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Trek

Been waiting for a move. Topped up 2 x 50k. 100k left atm before NT

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Trek

“ Jeremy O'Brien - APS March meeting 2021

PsiQuantum CEO Jeremy O’Brien outlines how, by the middle of this decade, PsiQuantum will have completely stood up all the manufacturing lines and processes necessary to begin assembling a final machine: a fault-tolerant, error-corrected quantum computer with hundreds of logical qubits and billions of gates.”

https://psiquantum.com/resources

You can invest in PSIQuantum via EWI…

https://www.hl.co.uk/shares/shares-search-results/e/edinburgh-worldwide-investment-tst-ord-1p

Anyone else have other QC plays?

Trek

“ TotalEnergies of France is buying a 17.5% stake in U.S. liquefied natural gas developer NextDecade for $219 million, America Hernandez reports here, which will help facilitate the LNG company’s long-awaited decision to build its Rio Grande LNG project to export the super-cooled fuel. Last year, LNG cargoes from the United States helped ease the pain for Europe after it lost its biggest supplier, Russia, following that country’s invasion of Ukraine.

More projects are in the works, with substantial new supply expected beginning in 2024 – which will bring more LNG to Europe and Asia from the United States. In addition, Total’s involvement makes this the largest supply contract that NextDecade has signed. TotalEnergies is the world's third-largest LNG player, with a roughly 12% market share and global portfolio of about 50 million tons of LNG per year. ‘

Well if that’s Patrick Pouyanne, CEO of TotalEnergies, view from last Thursday, source Bloomberg energy (sorry no link as on email), then I think that’s pretty bullish for LNG & a shuffle to DEC!

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Trek

Download Brave from the App Store. It’s a free search engine like safari but comes with blockers. It’s stops all on LSE other than their own annoying pop up video. I have been using Brave for years. It also uses Brave AI when you do a search which is very quick.

Worth downloading even if you just set up for LSE and keep your other stuff on your main platform.

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Trek

Expected a dip but not this early. Should get news next week whether coupon is to be extended or not.

My view is it will be extended as PXC have better things to do with their cash as the prorata dilution is pretty minimal.

Nonetheless the market usually over reacts hence affording a potential opportunity to rebuy the shares I sold in tranches back in tranches for less.

But I still hold some just in case!

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Trek

Great article

https://aheadoftheherd.com/new-copper-supply-offset-by-multiple-hits-to-existing-operations-richard-mills/

Trek

Worth a skip read…

https://www.theguardian.com/world/2023/jun/16/nigeria-economy-stocks-and-cost-of-living-soar-bola-tinubu-policies?utm_term=648c0b9e15f82e7635f99dd13f3fd866&utm_campaign=BusinessToday&utm_source=esp&utm_medium=Email&CMP=bustoday_email

Trek

I added another 7k shares today. Just can’t anywhere else better for income!

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Trek

At last!

🥳🎉🍾💸🤑🤞🍀

Trek