Member Info for TrekMadone

I lol’d at an earlier poster saying TXP is not just for Christmas! That pretty much sums it up!

The stock is about to break out to the upside. Last week was last orders under 60p and this week under 70p imo. These cheap shares won’t be around much longer. Rig mob soon and assembling Casca plant. Licensing rounds and an accelerated drill program. Funding out the way and tops ups now from revs with POO ticking up on China news.

I have been on a roll calling IQAI, SEPL, DEC and YU amongst others pretty well this last week. GCAT was a bummer coz it turned out the cash wasn’t there but the rest have now more than made up for it.

I agree we will likely see ATH’s this year, even Malcy thinks 200p!

Obviously if the ops go reasonable well.

650p is my target by Jan 26 that’s just 3 years to £1m. Sooner if I can keep dripping more into here!!

This is a pretty rare opportunity and hence it’s YOLO status in my ISA!

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Trek

Hi Throne,

There is a link between HH and DEC as not all our gas is hedged. Also the higher it goes the better the next hedging deal could be.

But as said it’s macro that is the real driver here. We dropped on mild winter and the LNG terminal fire as much as HH price. Vol is linked to macro.

It helps though having a hedge as that should put some floor under the SP.

I don’t want to reopen hedge v not hedge debate. That’s what it is.

I have a sneaky feeling that the BoD stopped the buy back to preserve cash as well as the exchange rate going against us.

Not that we needed the cash but just that they are so prudent.

With gas vols shifting though and China opening up they may come back and buy more. But there is no hurry . This is a very risk averse BoD that really have their finger on the pulse with data. The MIS they include in their presentations is very impressive considering the number of wells!

From a TA perspective 110 was always a risk with a low of 107 and still is as that completes the flag. The triangle from the climb in July.

If we can move up through 120 then that resumes a bullish uptrend as it clearly breaks away from that flag. That then takes us back on the uptrend from Dec 21. TA is all conjecture. Sometimes it works sometimes it doesn’t but we all look at a chart before we buy or sell a stock. It’s just an extension that subconscious decision process.

Main thing is the yield looks well in tact. I have averaged down at these lows but will obviously be happier back in 120”s

Anyone looking for a bit more juice in this sector. I have mentioned before TXP. That’s a pretty low risk explorer/producer with decent upside potential and it’s funded! Due a break out very soon imo.

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Trek

Nice to hear more on pipeline security but don’t you just lol!

“NNPC has become a completely private company today. Yes, owned by the government, but it’s operating like every other company today, like Shell, Chevron and any other company you can think of in our country.…”

They have absolutely no idea about corp governance and think it’s achieved by a throw away comment!

I put the last of my trading pot back in here today. Now back to fully invested and average of 101p. Would like to get below 100p before the next xd though. Will see how things go elsewhere.

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Trek

Hi Disco,

See my post at 731.

It’s not really exciting insofar as these drills are just confirming what we and the market already know imo.

All that data feeds into strengthening the finance narrative though. And that’s the biggy!

We want 60m US. Even getting 5 or 10 will be huge for the SP as the rest should then follow as the mine progresses and on better terms for us!

The copper outlook is improving dramatically. Even the BBC saying more infrastructure is needed else the electric car revolution could fall over!

CAML a low cost producer that I know others also hold here has been on a great run and looks like has much further to go. But this is potentially a huge mine, decades of production in the US!

Also so under radar. Only a few posters here!

It’ll come!

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Trek

I go along with that legal. I took a load off as was over slightly over exposed and topped up a few at IQAI and YU. I mentioned them earlier.

Been very fortuitous timing! Once I close my YU trades out again that should hopefully be around the right time to average down in here against the ones I hold. Only if the financial narrative improves though. Else it goes elsewhere.

I am an active investor. No love for any stock. Like you as the data changes so do my views and I act on those views. I can’t sit and do nothing. Some can and that’s equally fine, each to own. You post away. Nice to hear alternative reasoned views!

Good luck to one and all!

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Trek

There’s no leak here. You are lucky to get news let alone a leak!

This is a technical breakout from oversold getting the attention of Investors whom are then looking at the timeline and the charts and putting 2 and 2 together.

All things are possible here from zero to 50p and being so close to zero and a long way from 50p means the risk reward upside is defo worth a punt. Especially if you add in a bit of research and look what the CEO & family holds!

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Trek

Vols still low here and indicative buys constantly ahead of sells but at long last after a really sht drip drip and that’s the SP not me lol! I think we have or are turning a corner! At last!

Be nice to get the Freeport news soon to help us back up!

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Trek

Now up 40% that did the trick! Lol!

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Trek

23884 to sell 500k!

I grabbed 10k shares for £250, Just to take up what’s left. Now should be NT to buy! Lol!

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Trek

What a game this is loose one day gain the next. If my IQAI hold that’s now the GCAT losses back in like 48 hours! Lol!

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Trek

Now up 27% that’s me in the blue at last! It really wasn’t that difficult to call!

Still early days though. Folks will look at the chart and see how this can spike up on a hint of news but unfortunately thus far the news hasn’t stuck as there has always been more to do!

An orphan drug decision if positive should see a significantly higher mcap than 4m! Even 30m isn’t unrealistic!

Whilst that’s still cheap it’s a few bags for buyers in at the lows!

My target is still much higher which is of course predicated on phase 2 kicking off and a deal of sorts. Well obviously it has to be results driven but the odds are gradually improving!

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Trek

Not many cheap shares left then we should be off.

Here we go!

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Trek

Watch the volume. It’s really low here this week. Has long way to go.

Next leg through 600p easily imo chance of 680p!.

That’s stage three on the Elliot wave which is around 2.5 times the pullback of stage 2. A close above 500p indicates it’s on.

No idea how it works and if it does it’s unusual to see a pattern emerging as one usually only reads them looking back!

I have a price in mind to sell the trading pot but may hold the rest depending on the outlook and divi prospects.

A very interesting play this one!

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Trek

And my trading favs MNG, LGEN & PHNX all up strongly today. recovering from DLG divi cut and property write down scare.

I didn’t buy the dip this time though just held. Now wish I grabbed more!

I have been adding at SEPL though. They will bounce imo as production results soon and have a new pipeline + theft has been restricted significantly.

They already have enough cash to cover the divi by nearly 4x! I have bought heavily there again having sold my trading pot at 103. +110 is defo on the cards imo.

I doubt there will be news on the asset divestment until after the elections in Feb but I think now is the buy time.

As I said before if the deal falls through they get cash refunded back on top of cash and if it goes ahead they substantially increase their bopd and asset base.

Imo they haven’t increased the divi yet because they are waiting for a decision on the Exxon divestment.

If the deal goes through could see 140-150 if it fails still +110 imo and a chance of 13-15% yield from under 100p1

So win win! Those don’t come along that often.

I may tip my YU trades into there but will wait for results in case they hint at divi now as need some diversity. YU has restored my sanity!

After making a brill start to the year I wrote off £10k on GCAT. Left some in there to build from. Pf has recovered quickly back to square 1 though plus a bit now thanks to boring insurers!

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Trek

That a huge holding for a tiddler red! I hope it comes good for you and all.

We don’t need to land everything here. Just being granted orphan drug status which even if I take my rose tinted off looks very likely. There is nothing else and it’s an unmet clinical need. Period.

They are also modifying machines to utilise IQAI’s proprietary platform for IB nuro. The key here is it’s others using our stuff and pushing it forward not our small team. They have delivered the poc and regulatories.

Scale is for the likes of Bayer and they have a huge customer base. That’s the whole point of a channel partnership. The software has been proven and in use by the LA hospitals.

They have deals with universities including Wisconsin and are funded by the NHI.

Extra cash when needed will come from CLN. These companies always need money at some point but the Brown family will fund so it won’t be a high interest loan and in terms of amount just a few hundred k should see us through. They would sit as shares until conversion which would have to be at least a price inflexion to get volume to sell into.

Get phase one out the way and it’s a JV or buyout imo.

I think TB has set this one up to cash out. There would be plenty interested in US. It won’t take much to bag from a 4m mcap. That 3.7p could be blasted through with the right news even in one day!.

I added a few small amounts yesterday but could again buy and sell a lot and the spread was good. That’s not always the case here.

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Trek

Flipping heck may have timed it by skin of my teeth. That 2k share buy at 509.5 was mine!

I have a sneaky feeling based on other rises that when this goes it will pop up quickly to 550 and then possibly same for 600. It did similitude March 22.

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Trek

I have traded my average down here and it won’t take much to be blue again.

Wether it’s Aster or a client they are both fintech and potentially acquirers. At least they are still grabbing a few more and it’s not easy to pick up huge amounts of stock here in one go.

I am hoping sub 500 was the bottom and the chart is showing us back to 550 getting ready to go back to 600 probably on news the app deal has completed.

Another divi soon. I think I will just take it this time rather than try and be clever!

512p yield 7.18% with the new higher divi.

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Trek

I am half in half out atm.

Expecting RM to make a significant purchase. 10m shares comes to mind. That will be around 55k. I think last time he spent 40k.

I know it’s not right to expect CEO’s to necessarily have cash to buy their own stock but he is the one that’s set himself up here. Any small token jesters will be sold into and probably any rally will be sold into! Such is the world of ‘pseudo-aim stocks!’

Let’s hope we get some better newsflow now.

They have plenty of options to preserve cash and just focus on delivering ounces. The jam tomorrow stuff can wait.

What a difference a week makes after an amazing start to the year now pretty much back to square 1!

Still it’s nice to have the fun of a square 1! Many don’t even have that!

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Trek

What’s the EPIC, doesn’t come up here on search.

Meanwhile we break through 2p

Olddog1

I hope you haven’t asked yourself a question and forgot to change accounts when you replied? As if it would make any difference here! Lol!

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Trek

LND gonna be a drop today as need more ounces to secure an offer.

PHE a distribution agreement there should make mom happy!

GCAT I sold a few and bought in cheaper catching .54 yesterday softening the losses. I hope the CEO buys as he said else that will be a sht show. They have 3m, other cash offers and can switch stuff around until funding arrives.

IQAI, may just may see 2p today. FDA orphan drug reply due soon will mean the company is worth a lot in terms of tax credits alone which may attract a suitor.

YU. Sold in the 560’s and bought back in 480’s ready for another run imo ahead of results. Don’t let them all await the numbers though!

Usual caveats

Trek