Member Info for TrekMadone

Just grabbed the last 5k. Tried to get 25k no chance. Went as low as 1000 and NT still.

Now I got an odd number! Lol!

You have to send to broker to get orders filled.

Gonna move up significantly soon imo.

Usual caveats

Trek

I was a holder sold too early expecting a raise and missed the rise to 4p. I traded this down and out from around 1.8p for around evens.

I think a placing at 2.5 is a fantastic result for those obviously buying sub 2p. So at that level I would tuck away. But there are many here stuck at much higher levels that have missed out on potential gains or to be fair losses elsewhere.

The money raised is to move the company closer to clinical trials. That will assuming the absence of income (the lab letting doesn’t yield much) or a JV will mean another raise. But it should be at a much higher sp,

The TAM is almost limitless for CAR-T, albeit there are many others in that sphere but CBR is a potential game changer.

I keep HEMO on my watchlist as I have realised there is a heck of a long way to go. And tbh I am happy to buy at 5p or even 10p or 20p once they have progressed through the clinical trials hoops.

Phase 1 may not be that expensive but onto phase 2 and it will based on other p2 trials cost millions assuming they are going alone.

However, the potential upside here is literally pounds if successful with their platforms.

So I am on reflection averse to tying funds up in this high volatility when I can get income elsewhere and keep abreast of developments and then pick a potential entry.

I would rather pay the 20p with a path to 200p than pay 4p and be diluted having taken ‘all’ the risk and watch others benefit at my and others expense.

Or worse imagine those investors in at 10p and encountered the price collapse plus further dilution! So buying at a higher SP would net out the same after all the risk they have taken. That probably accounts for a lot of the bullish emotional posts here.

Still I don’t blame anyone you just gotta work it out.

A neutral pov but my learned perspective is based on my trading experiences from biotech stocks and I have done very well. One of my best was DDDD and another SNG. So that tells a story!

Usual caveats

Trek

Not confident with the financials at mode. Huge jump if they sort it. Unbelievable I held em in teens from memory

PXC broken 40 after 2 x UTs today at 40p.

YU profit takers clearing buy under 7

Likewise TXP v wuiethaving tested 80. Btfd imo.

Lgen now thro 260. 249 was a perfect top up for the quick!

N91 sold at 200 from 189 ish. Too slow. Huge employee following there.

Out in the coast path now!

Usual caveats

Trek

2 x UTs at 40p

Could it be +40p close. Still a way to go for value though.

Usual caveats

Trek

DXRX….sell IT shovels to pharma. New contract and good TU. should go higher.

Usual caveats

Trek

HEMO - got placing away. I posted here before that the time to buy was after they had raised. I used to hold and had worked out that they needed cash. It wasn’t to difficult as the admin and R&D costs were all clearly laid out in their accounts and their cash position. It’s still a great company. But it hasn’t even started a phase 1 yet. There is a long way to go. These stocks are really for traders who understand how the work or dreamers that can put a load away in the bottom drawer and either get lucky or hope 1 from 6 makes up for the other losses!

I have done very well out of biotechs and when I told my friend about Avct he bought 300k shares at around 150p. I told him when I sold and he later bought another 200k when the price dropped and is now around evens! Some folk just have a bottomless pit!

CNIC word is shorts have closed following sp buyback and SP will move back to 155. Nice little nibble trade opportunity.

I may have ago as VOD isn’t behaving so I didn’t get my buy back price but CMCX is following my predictions so may add there. Have to decide which one! I think CMCX will move quicker and I understand the liquid here!

Usual caveats

Trek

Hi eviking,

It’s 85%. The new regulations of Basel 3 classifies gold and silver as a tier 1 asset.

So in short if you hedge it you have to have a net stable funding ratio of 85% ie. Physical metal.

As comes was short $billions it was thought that the market would encounter a huge short squeeze when basel 3 came into play. However, it made little difference as the suites engineered unwinding by changing positions to balance their books probably all within the spread.

Explanation…

https://www.chards.co.uk/guides/basel-iii-and-gold/1014

Damp squib!…

https://www.kitco.com/commentaries/2021-07-13/Basel-III-s-effect-on-gold-and-silver.html

Usual caveats

Trek

Hi Gin,

Yes it is due by end of Q1. I am just saying what I would be pleased with. I think it’s pretty ambitious to have cascadura commissioned by then.

I am expecting the only guy with a pen and widget on the island to be on holiday and no one can cover him!

I would love to be surprised!

Usual caveats

Trek

Hi Trot,

Well put! It’s probably just an incorrect or misrepresented conclusion.

Usual caveats

Trek

“ The authors of a 2021 report, Goehring & Rozencwajg, contend that even with prices above $10,000 per tonne, reserves cannot keep growing, specifically at porphyry deposits, where most copper is mined.

Their analysis also suggests that we are quickly approaching the lower limits of cut-off grades, concluding that we are nearing the point where reserves cannot be grown at all. In other words, peak copper.

The industry can no longer re-classify itself out of its problem. Billions and billions of dollars need to be invested in the exploration for, and development of new copper mines.

In sum, the copper industry is in the grips of a structural supply deficit that, combined with inflationary cost pressures and a creeping resource nationalism in some of the world’s largest copper producers, is only expected to get worse.

Global shortages of the metal could reach 8 million tonnes by 2032, as soaring demand fails to be matched by new copper mines. The rate of supply increases required, is equivalent to building eight copper mines the size of Escondida, the largest in the world, per year, for the next eight years. That’s insane.”

https://aheadoftheherd.com/copper-shortage-getting-real-richard-mills/

Usual caveats

Trek

Sit tight!

“ The authors of a 2021 report, Goehring & Rozencwajg, contend that even with prices above $10,000 per tonne, reserves cannot keep growing, specifically at porphyry deposits, where most copper is mined.

Their analysis also suggests that we are quickly approaching the lower limits of cut-off grades, concluding that we are nearing the point where reserves cannot be grown at all. In other words, peak copper.

The industry can no longer re-classify itself out of its problem. Billions and billions of dollars need to be invested in the exploration for, and development of new copper mines.

In sum, the copper industry is in the grips of a structural supply deficit that, combined with inflationary cost pressures and a creeping resource nationalism in some of the world’s largest copper producers, is only expected to get worse.

Global shortages of the metal could reach 8 million tonnes by 2032, as soaring demand fails to be matched by new copper mines. The rate of supply increases required, is equivalent to building eight copper mines the size of Escondida, the largest in the world, per year, for the next eight years. That’s insane.”

https://aheadoftheherd.com/copper-shortage-getting-real-richard-mills/

Usual caveats

Trek

Sit tight!

“ The authors of a 2021 report, Goehring & Rozencwajg, contend that even with prices above $10,000 per tonne, reserves cannot keep growing, specifically at porphyry deposits, where most copper is mined.

Their analysis also suggests that we are quickly approaching the lower limits of cut-off grades, concluding that we are nearing the point where reserves cannot be grown at all. In other words, peak copper.

The industry can no longer re-classify itself out of its problem. Billions and billions of dollars need to be invested in the exploration for, and development of new copper mines.

In sum, the copper industry is in the grips of a structural supply deficit that, combined with inflationary cost pressures and a creeping resource nationalism in some of the world’s largest copper producers, is only expected to get worse.

Global shortages of the metal could reach 8 million tonnes by 2032, as soaring demand fails to be matched by new copper mines. The rate of supply increases required, is equivalent to building eight copper mines the size of Escondida, the largest in the world, per year, for the next eight years. That’s insane.”

https://aheadoftheherd.com/copper-shortage-getting-real-richard-mills/

Usual caveats

Trek

“Poly”

Should have been delisted by now along with sanctioning Russian Vodka and HSBA!

Usual caveats

Trek

If it’s uranium, YCA is a good bet. From memory they are like a wholesaler so buy ore without associated expenses.

I held them a while ago from around 200p from memory. I loved the business model and managed to sell them just before they took off!!

Usual caveats

Trek

Up 1.5p and again indicative sell far outweigh buys near 2:1.

MM’s taking on stock?
Background buyer?
ADR orders?
News expected?
MM long on own book?
TA playing out driving traders behaviours?

Take your pick!

Still it’s a nicer problem than why TF is it going down!……

Oh profit taking but money coming back in and anticipated to be coming back in?

Usual caveats

Trek

Hi Trot,

Indeed why didn’t they read the RNS and subsequent comms. DEC are benefiting from the economies of scale of additional crews and multi-skilling. They are organising tours to massively reduce travel and rework.

They increased the plugging crews by 70%! Are hitting 200 pm against a target of like 20. I don’t remember exactly but it was silly low!

The point is they didn’t have to!

They have taken over a company and kept local folk in work and now outsource to make a profit. Even if it’s at 6x costs. That’s how these things work. It’s a market economy. I pay 6x cost rather than have all the flipping hassle! A bit like building your own extension or handing it over and the liabilities to experts! Others also exist in this space so it’s competitive!

“ The Acquisition enhances Diversified's ability to retire more wells, scales the business to drive further efficiencies in the Company's internal well plugging program, and provides additional third-party revenues from other operators and state agencies to offset Diversified's own well retirement costs. As part of the Acquisition, Diversified will add the ConServ well services and plugging division to the existing Next LVL Energy asset retirement platform.


Diversified's plugging programme now includes 15 well plugging rigs (+70% vs 1Q22) and an expanded portfolio of services that enhance the Company's ability to retire wells and perform related site preparation and reclamation activities. The Acquisition adds 3 derrick rigs that supplement the servicing and retiring of both deep vertical and unconventional wells, and also includes a number of service rigs and auxiliary equipment. Diversified's expanded suite of offerings now includes cementing, wireline, trucking and construction services, which reduce the need to incur related contractor expenses and provide incremental revenue streams.


The Acquisition significantly enhances the visibility by which Diversified will meet its stated commitment to retire at least 200 wells per year across the Company's Appalachian footprint, well in excess of state minimum plugging requirements and with locally based internal equipment and crews….

"This acquisition serves to not only highlight our long-standing commitment as responsible assets stewards and operators from acquisition to retirement, but also our dedication to doing so in a manner that is beneficial to all of our stakeholders and the environment. With our expanded asset retirement capacity, we are efficiently”

Full info

https://www.lse.co.uk/rns/DEC/acquisition-of-appalachian-plugging-company-ss7f4un9nf8fov8.html

Usual caveats

Trek

Newsday, nothing new but he is around! Lol!

https://newsday.co.tt/2023/01/25/touchstone-ceo-we-may-lose-money-with-higher-oil-prices/

Usual caveats

Trek

Was always going to be profit taking at some point after the recent run. It’ll move north again imo.

I think after the last newsflow PB is urging on the side of caution. Exceeding guidance would be preferable. Their new catchphrase of ‘focused long term value creation’ is a mantra I prefer.

I wasn’t happy at the last raise but delays where all parties were culpable made it somewhat inevitable. Now that’s out the way we have an updated corporate presentation, Jan 23, and an asset exchange that fits the aforementioned mantra.

As a consequence of previous delays PB is now in a position where he’s damned if he releases meaningless updates but damned if he doesn’t release news!

I think they could make use of RNS reach and keep the website updated. I am not a fan of Twitter for news. I don’t like the principles of the owner! Nor Facebook for similar reasons! So don’t believe I should have to go there.

If they get Cascadura on by the end of April I will be delighted. That’s the root to financing the expo beyond Royston.

I am in the camp of hoping that no news means they are on target to deliver and when we get news it’s for objectives achieved.

But some ‘small talk comms’ on the website or using their news service that you can sign up to for non RNS news like a few pics or interviews would be a nice to have.

Meanwhile let’s hope this time silence is golden rather odourless!

Usual caveats

Trek

Totally agree Jim and furthermore complaining the company uses hedging, like it’s a dark art of ‘yachting billionaires’, to protect itself should gas prices floor as being risky? The company is actually being responsible!

Also taking ESG extremely seriously and employing folk that live locally! The wells are better in DEC’s hands than previous owners and definitely better than in the tax payers.

The govt has rightly legislation and standards in place and DEC exceed them. But obviously amortisation of debt over the lifer of a well including decommissioning and revenue is beyond the comprehension of cigarette pack journalists who clearly haven’t even read or understood the companies trading statements!

If this was a reckless environmental vandal then I wouldn’t be here. They are actually reducing real emissions more than many other industries by practically managing ageing assets needed for the energy transition which would otherwise just be left to deteriorate without the necessary focus that DEC bring.

Usual caveats

Trek

A report out as expected, we get one it seems every year, saying DEC not viable. Just because the journalist can’t get his/her head around it because we actually don’t fit the norm doesn’t mean the model which has been running successfully now for many years isn’t viable.

Also they fail to mention that not all wells need plugging and we are plugging way more than mandated and can now do it much cheaper. There are no plans to use the state to plug wells we acquire. It’s almost like they want to create a problem that’s not there to vindicate their opinions!

A bit of sensationalism imo as O&G is an easy target and knocking it sells media.

https://www.ehn.org/abandoned-oil-and-gas-wells-2659296731.html

Usual caveats

Trek