Member Info for TrekMadone

Pretty negative market reaction looks like 6-7% down. That’s wiped most of the divi!

I guess the view is the BoD are coasting. They either had to have more news on the acquisition front and/or return more to shareholders.

As they have repaid debt some of that cash should have come back to us irrespective of fcf model.

I guess they need to make their mind up here what they are doing and show the market.

Sp fall a tad of an overreaction though as the income is pretty solid and now you can get it cheaper. A good buy if you think metals are going up and especially if you believe the bull case for copper. Double especially if Ukraine gets resolved!

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Trek

Strong set of numbers. Cobalt pricing has come down which I guess we knew would. Copper looking very good though.

Importantly they have significantly reduced leverage from 90 to 36m!

Divi still 7p. Was hoping for more but I think that will come soon but it’s still a sector leader!

Lots of growth opportunities in the pipelines and exposure to a good range of metals including uranium!

Potential to grow from revs in future facing metals from 33m to over 100m. Miners always very optimistic but seldom have a glidepath plan for their statements! Lol!

Still very happy to add here on this pullback. There aren’t many quarterly income plays in this space with such a range of metals exposures.

All buys now are also below recent director buys!

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Trek

Solid set of numbers. Loads of cash, $60.6m in bank and fcf now at $89.7m ! 2 x 10p divi making 20p for year. Very disappointed as last years final was 12p

On hunt for suitable acquisitions. 17 nda’s in place and two sites visited. Obviously will pick only the best! Probably why haven’t increased divi.

Still getting 8.7% yield now and good exposure to any rerate in copper price.

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Trek

UT trade 94.65p. At last!

IMO.

All it will take is a little momentum here and buyers will try and grab sub 100p shares.

Folk understandably didn’t know where the bottom was so are likely waiting for a change in trend before buying back in.

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Trek

Hi Sam,

You’ll find divi and tax info on the company website…

“ For Shareholders who complete and return the US withholding tax form relevant to them, the rate of US withholding tax will be adjusted to a rate of between 0% and 30% depending on the elections provided by the Shareholder in the Form W-8 and in accordance with the withholding rate under the applicable double income tax treaty (for example, 15% under the US-UK treaty).”

https://ir.div.energy/dividend-information

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Trek

I received £1502.40p cash with ii in an ISA for what was 50k shares at that time.

Nice post gav!

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Trek

Sgz 12p? Further to drop imo.

After that RNS they don’t know what they are doing. Measure TWICE cut once! If they cant tell wtf is in front of them then no hope! I guess not many good gold miners in Scotland. Riches are elsewhere!

CLN deal. They’ll be screwed. The SP will get savaged so the bondholders can have the spoils and sell it for more probably privately.

Let someone do the heavy lifting then put the boot in when they slip up and are weak. That’s how some financial partnerships work!

Single figs for a quick trade and out at 10p but even 5p can’t be ruled out if 10p doesn’t form a solid support.

100 people’s wages = redundancies or furlough to save money then it’s difficult to pull it back.

Only hope is a white knight with deep pockets imo!

I was hoping to catch a post placing bounce. Got that wrong! Lol!

Tooooo risky now though!

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Trek

Very unlikely imo. May just run off copper assets back to shareholders over next 11 years and invest in Moldova.

Why not everyone gets more than money back!

Be interesting to see what’s next

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Trek

Thanks Scott

It’s good to have some positive news but I would rather an interview rather than these continued posts to select groups.

Just to point out that they do not need to wait until the agm until allotting shares. See resolution 6 which is still current.

https://www.lse.co.uk/rns/PXC/result-of-annual-general-meeting-vxvqwncpv9aby9a.html

They have headroom within the existing mandate to allot shares. However, all said it’s to the companies credit that they haven’t maxed it out.

Regarding the warrants. As I have said before they are not significant and certainly not considering the strike price and sp now.

I also mentioned that the fed rates look to have peaked possibly another 25bps. It’s a reality that when attracting this sort of capital there is competition for the funds. The higher rates go then the more attractive lower risk govt bonds that can be locked in at today’s historic high rates.

This is significant as the Fed discount rate affects the coupon premium we pay which tied back to the copper price which will be a min of 5% and a max of 20% above the discount rate.

It is intimated that this will be for $80m which will mean high initial payments compared to revenue.

Imo we need an immediate revenue stream to afford the coupon unless the bond is phased in. I am unable to work out from the info we have if the mechanics of that observation is feasible or not.

The pre construction progress, ESG, NC drilling is great and ATS will significantly help but ffs don’t say nothing has changed after pointing out what a sht market it is for raising capitol and the finance package now is looking materially different from the one of over a year ago!

As I see it the finance deal needs to be on the shelf before the cash burns so that we can use the bonds to pay for the coupon until we hit meaningful production. There will then be a future point when that production will be self financing in terms of ops and pay (which will mean a lot more employees than now) and paying for the debt without eating into our cash pot.

It really is a fine balancing act and as yet the company cannot show us a budget.

The only time we will really know is when the bonds are a done deal as one will assume if they have convinced the ‘money people’ then that should be enough for us.

However, whilst the bonds aren’t underwritten in terms of an alternative finance arrangement I assume they will be by PXC assets in even of default. That we still don’t know but it is the norm.

However, going forward I would still then like to see at least a draft forecast to profitability else the obvious trading points ahead will just result in more volatility.

So nice post but still more questions than answers and that’s the bit that hasn’t really changed!

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Trek

Moved up on one more small director buy.

95p has been resistance for last month. The market needs us to close above that imo before we think about 100p.

I just don’t get why we would be below 105 still though unless as I posted before it’s the placing being hedged. If so that will end at some point.

For me though as long as it’s stays in 90’s I am ok with the ‘red amber green’ and will take the income for years to come!

Absolute gem imo for new income seekers but I am at max here now.

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Trek

THR up on insti buy, don’t rate ceo. Moly, copper, tungsten play. History of dilute promise dilute! May get it right one day but I’d avoid1

Synth- chemicals finals show restructuring not doing well, back to 80p or lower imo. Short if you can!

TUI - balance sheet has had it. Will have to cut big time. I have never believed the it’s all back to pre covid narrative. It’s mostly the youngsters travelling. Not same as before imo!

AAF was tipped in the DMail around 120, could be a buy at 100p.

VOD back in at 89 and a bit for a trade! Hoping for 97-98p. Supported by divi. If they cut would just be 30% imo and may get a positive market reaction if not it’s a buffer. Germany should be picking up now and news on other deals due. 3 also need Vod.

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Trek

Been a pretty crap couple of weeks but today all of mine looking promising at least TA wise.

Anyone looking for a trade I have tipped before TXP at 60p and said to sell at 70p which although I think will go much higher it’s not due just yet. However with drill results not far away as safe trade if there is such a thing is TXP buy now, 61.5p and sell into news. Should see 70p again soon. I am there for linger as I know the share. Well I’d like to think so. Lol!

Also YU will likely move again ahead of next TU. Grab it close to 500p and sell half at 600p, keep the rest to get more. I am targeting 800p next but that’s too risky.

Remember I mentioned CAML as my copper play. Weird action there yesterday down having been mostly bought yesterday but results tomorrow will be interesting. Anyways I was looking for another copper play ‘theshareminator’ posted TKO as a tip on CAML bb. Must say it looks interesting. It’s a North American play so safe juro and expanding ops with production. Not v liquid though,with killer spreads. But ops wise looks sound.

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Trek

And if you like Biblical prophecy…..

The story of Gog (Putin) of Magog (Russia) who invades a nation and then aligns with other states to attack Israel is one of many interpretations of events. It all takes place during a time of fires, famine, earthquakes and disease!

But as always with prophecy you can fit it to many events until after it has happened that is!

https://www.gotquestions.org/Russia-end-times.html

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Trek

These were written down from Jan. remember Blackrock closing account withdrawals as assets depreciated and investors wanted out but accounts were frozen so unable to withdraw.

https://www.telegraph.co.uk/business/2023/01/04/blackrock-keeps-35bn-property-fund-shut-face-fire-sale-pensions/

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Trek

Been down pretty much all day on lots of buys. Someone offloading, treeshake or playing results. No idea but now it’s ticking up! Same pattern over at EcOR but nowhere near level if buying as here today!

We’ll find out Wednesday.

If they increase the divi to run return the mine cash to shareholders that’ll be great or an extended LoM will be great!

Not sure how the market would react to accretive intent unless it’s a gift!

Soon find out but well paid here to wait!

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Trek

Well another junior mining Bod that are fos to add to the list!

I see JSks post has been removed. So perhaps it was a mobile phone pic of some papers after all!

My timeline of needing an update within a couple of months looks to have been accelerated!

I sold this morning got around 26p and I am not buying back! In fact think I have pretty much had enough of Juniors now.

I am fortunate to be up overall but not doing so well of late!

Good luck

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Trel

As always it depends what SP lens you are looking through. Those that paid 80p for the same story as those that paid 15p for will have a different view.

Irrespective of what the company say about ‘now’ we only have RNS’s and thus far they have come up woefully short against their own timelines.

Whilst we understand why, that’s the reality, and why the SP is where it is.

I have been fortunate enough to trade down but fully empathise with those in higher.

The Riverfort deal is nothing to celebrate, look at the sp. It shouldn’t have come to that but it had to.

About time the BoD started listening to the market and improving their comms. We had a little lift after Paul DeG’s ramping now it’s substantially fizzled out!

It would help if the BoD did a new interview to set some expectations especially this close! Whilst I remain optimistic and invested and even buying the dip the danger is some in higher may just decide enough is enough.

Darkest hour eh!

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Trek

Just gone through got 25.25 I paid 36 for them. Couldn’t care less if it bounces or comes good managed to get out before more bad news lands by looks of it.

I held PUR traded it down and more by luck got back in under 10p and out again at around 13p and recovered my losses but it could have gone other way!

Anyways let’s get the bike out!

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Trek

Yep I just put mine to the MM to take what I can get as all sells NT even 1 share!

It’s near impossible for junior miners to make it! The majority of the CEO’s seem to believe their own lies and are completely ignorant of the financials. I thought getting in after the raise for Scottish gold at a premium would give a cushion.

Shocking how they spun that raise away and conned the LTH’s!

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Trek