Member Info for TrekMadone

We discussed AGFX here a while back. TU out today a beat. Shares up 10%.

I don’t hold but would buy if I had more cash

Usual caveats

Trek

Then add in the capex already spent on a producing mine and it gets quite frankly ridiculous!

The market will soon correct to a sensible level of risk discount. It just takes buyers and news. We have now had plenty of news!

I am hoping the drill results land on top of the rerate then we will also be on the radar of the ‘grade junkies!’

Usual caveats

Trek

Financing secured at DUKE, GCAT, and also ONC (last week at a sp premium!). sAVE also for RTO now suspended. I did very well there from 8p and May buy back once it resumes trading and the dust settles.

Kibo suspension extended

vLS get loan
Kmk contract win, great little co I used to hold sp been punished should see a bounce today
Likewise TLY contract win and completes acquisition should also bounce now
HUW complete their placement…. Not too sure on that one!

Lots of news today Inc TU’s!

Yep and there is still plenty of time for a Santa rally!

Usual caveats

Trek

Just in case the BB haven’t seen them it’s worth reading the last two RNS’s over at save. It gives a flavour of what’s going on regarding divestment in Africa.

Usual caveats

Trek

Importantly we now have two potential ongoing sources of non dilutive finance and the relationships will strengthen over time.

These guys are in the business of lending to capitalise on PM’s. If you have a good payer where you have already undertaken substantial DD and the book can be split across two entities that makes future financing from their prospectives less risky and much less onerous which reduces financing costs.

Furthermore, if and it’s always an if, with the POG likely to go on a bull run we are now leveraged to the upside.

I strongly believe that it is now unlikely for the market to overlook the strength of having two sources of non-dilutive finance.

This has dripped down over months and will now likely rerate in days. Don’t miss out!

Usual caveats

Trek

Some very interesting articles here. Particularly on commodities in inflation and PM’s….

“…… But finding and exploiting new gold deposits is even harder, more expensive and risky.

Few gold exploration projects have the economics, scale, jurisdiction and money-raising capabilities backing them, to become mines. Those with the staying power to make it through the various development stages, from initial discovery to drilling to resource definition to first production, will be the belle of the ball, so to speak, with many major gold miners cueing up for the first dance.’

https://aheadoftheherd.com/peak-gold-richard-mills/

Usual caveats

Trek

https://youtu.be/UViVH0ZZ6A0

https://youtu.be/jx0AX_AiTik

Trek

Interesting article also link within to cAR-T

https://www.bbc.co.uk/news/health-63859184

Usual caveats

Trek

It’s the old adage - go short on finance and long on ops.

Now finance is pretty much sorted and the seller is out the market should reward the company as it makes operational progress.

With the sellers shares absorbed it really is as simple as that. The Sp will soon enough find a new level.

Usual caveats

Trek

IQAI

Amazing video just out from them…

http://files.imagingbiometrics.com/v/ncRczEChiDbV3VxXGzqfm9nsw

Can really make a difference to peoples lives! A huge achievement for IQAI getting that diagnostic suite together and on Bauer’s platform! They are financed from revs and have sponsorship for phase 1 trial for brain cancer. For sure there is always the spectre of more money needed but that would be from the director. Many companies in pharma with much bigger mcaps and not even on a p1!

3.5m mcap and a £9 sell sends the stock down 10%! Main market listed as well!. Don’t you just love our stock exchange!

Anyways defo one to watch even from sidelines as if it moves it will likely bag quickly and there will still be an opportunity to get in and make more!

Usual caveats

Trek

Not a plug for GAL, defo not!

Just to draw attention to their funding news this morning so posters are aware of what seems to be taking off in the gold funding space. Note that warrant entitlements are also purported.

“ December 9, 2022, TORONTO, CANADA - Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) ("Galantas" or the "Company") is pleased to announce that it has entered into an agreement (the "Trading Agreement") with Ocean Partners UK Ltd. ("Ocean"), whereby Ocean has sold on behalf of Galantas call options on 6,000 ounces of gold at 500 ounces per month from February 2024 to January 2025 at a strike price of US$1,775 per ounce for proceeds of US$804,000 to Galantas (an option premium of US$134 per gold ounce)…….”

Usual caveats

Trek

25k ate the bell for me. Starting to add back to my trading pot here. 30p target and recycle up this time as opposed to down!!

Usual caveats

Trek

It’s probably a read across from gas…

“ US natural gas futures were trading near the $5.8/MMBtu mark, bouncing back from a five-month low of $5.3 hit on December 6th, on forecasts of colder weather and higher heating demand over the next two weeks than previously expected. Still, prices remain unusually subdued for this year, with the US benchmark down more than 15% this month, as milder weather in most of October and November delayed the winter heating season while record levels of production added to the bearish sentiment. Average gas output in the US Lower 48 states rose to a record 99.6 bcfd so far in December, up from 99.5 bcfd in November. At the same time, the Freeport LNG export plant in Texas, forced to go offline in June following a fire, expects to begin bringing operations back online only by year's end, in another delay due to pending regulatory approval.…’

https://tradingeconomics.com/commodity/natural-gas

SP Positives
We have European demand ex Russia
China. Lockdown easing, it’s all in the mix
Cold weather
European LNG storage increases.
Also Rusty said we make good money 5-7 range
Divi covered, was increased and share buy back. 12 yield should prop up price!

Negatives
Probably concerned Stifel no longer buying
US replenishing sovereign supplies at fast rate
Usual ESG prohibits some SP buying of any HC’s
Share not loved

There’s obviously more but the dip in gas price has to be highest.

Usual caveats

Trek

Re pHNX and LDI…. I told ya the solvency 2 would flex it! Lol!

“ …..But Phoenix said its surplus liquidity allowed it to satisfy 'all collateral calls on its hedging instruments' in the wake of the budget and was not forced to offload assets at any point.

Consequently, it forecasts only a 'limited impact' on its Solvency II capital position and cash generation for this year to be near the high point of its target range…..’

https://www.thisismoney.co.uk/money/markets/article-11506797/Phoenix-Group-anticipates-strong-annual-result.html

Usual caveats

Trek

Last orders at sub 90?

Usual caveats

Trek

Raise at a premium and added in the TU to support decision.

Need to read it all again but on face looks a solid tuck away. May briefly dip below 40 with market malaise but imo this is pretty much as low as it will go obviously macro aside.

Usual caveats

Trek

Macro article on poo WSJ. Interesting impact hedgies have on sector share prices!

https://www.wsj.com/articles/oil-prices-and-energy-stocks-are-headed-in-different-directions-what-gives-11670294602?mod=rss_markets_main

Trek

Good news for DEC esp now US terminal up and running. Expect exports to ramp up to EU as well. Germany has been building offshore storage facilities.

Remember it’s vols as opposed to price (hedged) that can really move the dial here. Hence the drop on China lockdown etc

Sorry lazy post but links have been posted here before.

Usual caveats

Trek

Malcy comments….

‘ Touchstone is powering ahead on a number of fronts, only recently they started production at Coho where the no 1 well has delivered average net natural gas sales of 7.3 MMcf/d (approximately 1,212 boe/d) over 19 operational days in October which is impressive.

In addition the company are now ready to accelerate the drilling program which entails getting a development drilling campaign up and running at Cascadura which contrary to market gossip, is not behind schedule and so far I am expecting first gas in 1Q 2023. In addition to that the company is heading back to Royston in order to prove up the existing oil discovery

The raise appears to have been very well supported by existing and new institutional investors who can see, like me that this is a perfect time to be backing Touchstone, it looks opportune to back Touchstone at what I feel is going to be a very good year. …..”

“A very good raise by TXP which will deliver the most exciting parts of the portfolio in short order, it could be amongst the best performers of 2023…“

https://www.malcysblog.com/2022/12/oil-price-touchstone-scirocco-echo-uog-and-finally/

Trek

ADAMDK

‘ Trek, what is Paul’s SOU position?’

Here you go…

https://www.marketscreener.com/quote/stock/SOUTHERN-ENERGY-CORP-57479131/company/

Trek