Member Info for TrekMadone

aligator,

I agree with your sentiments.

I remain invested based on the prospects and the geo and that time will very likely significantly reward this unique SP because much of the hard work has been done and the risk is now massively to the upside!

PB has been a poor finisher. Had he been working his proverbials off on site and been better engaged especially locally then I would be more forgiving.

The rhetoric we have tolerated has not been fair. For PB to have the audacity to hold another directorate when TXP demanded more that 100% of his time has been completely reprehensible!!

To have to raise money at this SP whilst obviously now necessary has been likewise a poor show because the CEO has not been on his game. So don’t shout about it being a success in this market. If I had £10m ffs I would hand it over!

You see the thing is most of us have backed an amazing asset and BoD. But it’s the management that ultimately make a difference. When TXP was coasting one really couldn’t tell how good they were.

When the chips are down. That’s when you really see the BoD’s character and ability.

Sorry to say PB has been awol when it really mattered; a little complacent expecting results to continue to drop into his lap.

This is a 100% job. I expect our ceo to be 100% engaged. FFS don’t go blaming covid when you are sat on your **** in Canada when the shop floor is in T&T!

I am a realist and do understand people make mistakes.

I would therefore expect PB to resign from SOU position and put 100% of his energy into TXP!

If he can’t do that fine, step aside. There are many others that can. You PB are not indispensable!

Raise your game to what your shareholders and you should expect!

You now have the cash and a lot of learning under your and the teams belt. An immediate improvement in management performance and no further complacency is what is needed.

Usual caveats

Trek

TXP - surprise funding today.

A slow burn for 23 and my top pick for the best performer next year in terms of a balanced return from these SP levels.

Average in now and imo you will do v well in a years time because the HC’s are there; they have an ops plan and have now brought forward expo drilling with the funding!

Have a look at the corporate presentation and the low risk multibagger potential!

That’s the thing. The market is not fair!

Buyers now that CAN average in over the next 4-6 weeks and leave a pot in there for at least a year will imo be at least 100% up after a year. That’s a doubling of their money and I expect much much more!

For sure there are other higher bag opportunities out there but the point is look at this (or any) share from a downside v upside risk.

TXP following this accelerated bookbuild and proven HC’s are in a very unique position. The SP was hammered, rightly following slow progress in T&T but lessons, not all no doubt, but many many lessons have been learnt!

I think 52-54p will be the absolute bottom. But I don’t expect to see flipping here of the placing shares at this level because they have gone so cheap! Placees will likely have at least a run up to 100p in mind and will likely hold a core beyond that.

This is not imo your usual placee derisk scenario. Thats where they sell as soon as in profit!.

For sure this type of investor seldom hold 100% to the end but my point is you can buy around their price now and they would want a profit on top of any terms advantage.

Averaging in at 55, 60, 65 and keeping your other 25% in case it goes lower over time is not a bad ploy!

It’s how I build a longer term hold position and has served me well!

Anyways, obviously I have to declare I have a substantial long term position here. I also bought more today.

My posting motive is solely to bring a potential opportunity to the notice of other PI’s with the caution that it is a longer term hold.

My price target Dec next year is 200p bad with a low of 150p!

DYOR

Usual caveats

Trek

RNS dropped in now. Will have to buy on market.

Mrs Treks ISA could also be Filling with TXP!

Usual caveats

Trek

Guidance up! Great news!

Usual caveats

Trek

Didn’t expect this but I guess all the fking about at coho had a price. 54.33p seems low. But hey I was looking to the end of 23 and that really hasnt changed.

If they invite PI’s though I am stuffed as all my money is in TXP!

If Casca come through in Q1 that’ll be great. Then we know we will be coasting.

Ever the optimist! At least with TXP!

Usual caveats

Trek

Think it was likely a sell going by trades at same time but that still is no guarantee.

GLEN settled a fine in DRC…. Also admitted bribes in Nigerian.

“ The penalty was handed to the mining firm by the Southwark Crown Court in London, where Glencore had admitted to five counts of bribery and two counts of failure to prevent bribery.

Glencore was found to have used bribes to secure better access to oil in Nigeria, Cameroon and Ivory Coast between March 2012 to April 2016.

The miner said at the time the total amount it had paid to resolve legal matters in the UK, US and Brazil "do not materially differ" from a USD1.50 billion provision it set aside in its 2021 annual results.

Shares in Glencore was up 1.1% to ZAR119.66 on Monday morning in Johannesburg.

By Artwell Dlamini; artwelldlamini@alliancenews.com”

Tidy up time would be nice!

Usual caveats

Trek

Oh yeah….newsflow for he1 ahead of placing! Lol!

Traders dream those bubbles!

Buy when they are funded now and don’t worry if you pay more it’s the difference that you sell at that matters!

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Trek

VOD, Mick Read steps down. Sounds like he has been replaced by a pizza!

OPTI - raises more cash. Glad I dumped them many moons ago!

VRS - secures £5m loan… many PI’s will ce;e rate as they don’t think loans need paying back!

FCRM - get life support CLN they could be gone next year!

CNR - to raise yet again! Amazing how they keep doing it. Back to pennies imo!

KWS -aquisition that s a proper company. Another on my watchlist to remind me what I dick I am for not buying!

Loads of news out there today especially as the ‘villains’ look for next years life support!

Usual caveats

Trek

You can compare AFX (951m, 0.58% yld) and AGFX (135m, 1.68% yld). They both have very similar business models.

No reason why AGFX shouldn’t quickly catch up to where AFX is now!

If you look at the 5 year you can see the slow start at AGFX

https://www.google.com/finance/quote/AFX:LON?comparison=LON%3AAGFX&window=5Y

Then look at the one year and you see they start to mirror as AGFX completes it’s transformation and expands internationally.

Both are on my watchlist and I rate both a buy esp AGFX as it catches up.

I don’t hold either as I am am fully invested elsewhere atm.

No accusations of ramping then! Lol!

Usual caveats

Trek

On the bounce this one. Looking for £10 may even get to 11 if momentum continues.

Bought at a tad over 9 for a quick return.

TA soooo strong!

Usual caveats

Trek

Aren’t the expo costs in the AISC?

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Trek

It’s not even funny as it’s so feasible! Yikes!

https://youtu.be/56Ir4AYlJtM

Trek

Fantastic cartoon graphics on this one and the other two vids it links to.

https://youtu.be/rasvB4eE4TI

I didn’t know Russia had built blast proof concrete defensible positions on the other side of the dnipro.

Trek

Hi Bebeto,

‘Best form of defence is attack’. I have always suspected SHG to bid for GCAT! They know the value.

SHG pay a small divi and have axs to funding. They could even do a similar deal to GCAT. I mean even £30m would be very cheap. Not that I’d be happy with that!

Rest we’re trying it on with SHG!

Usual caveats

Trek

“It paves the way for a J/V /merger/ takeover‘

Takeover - possibly

J/v - v unlikely

Merger - no chance

This is a self funding, producing undervalued high growth miner that will soon clear its leverage and warrants! Why share!

Usual caveats

Trek

Whilst the market headlines are ‘seller cleared’.

I will let you know another reason why it will fly today. Coz the MM’s have taken on much of the stock. That’s why I could still sell 8m in one go yesterday.

Think about it.

Be careful not to get spiked today. It’s no odds to me as it will surpass 1p eventually and I am soon blue. Just that some folk buy at 1p see 0.8p sell then it goes to a penny again and they find themselves as MM fodder!

Usual caveats

Trek

Sorry I don’t use Facebook, Twitter, telegram or tick tok. I am completely against how they refuse to arrest child abuse and allow propaganda. Telegram was the better but since Ukraine war has raced to the bottom. These platforms will never get my vote. I won’t bother with posting all the links it’s in the public domain and I choose to vote with my ‘feet’ without going into an endless debate here.

Prefer RNS or RNS Reach to refer to the company website or updated presentations so it’s fair and in line with the MAR. I noted that some of the data posted here earlier was bordering on sensitive. That’s being polite.

Trek

Hi Max,

Yep Tuesday and again tomorrow lol! I just love these soft conditions. I hit a long ball and can find it after I hit it in winter! Ha!

Been on the bike early mornings before the market opens. Love riding with the lights. Can be seen and see better. Just flipping cold atm!

Trek

So why will the MM take 8m in one go? But I can’t buy 2m without NT on ii.

I had a look and missed the dip. My buy order didn’t get filled.

Remember your previous thoughts from your posting history.

I don’t think you have quite got the hang of this yet and are trying a disruptive method to get a low entry and get your money back. Look I hope you recover your losses but not sure this is the best way.

“ 22/8/22 wSBN 15p… “ i too am deliberating whether to invest in wishbone....”
22/10/22 wsbn 9.8p… “ Can see this shooting much much higher this week maybe by another 150% or so”
Could have followed Trek in at 6.95p ish out at 10.4p ish twice!

14/9/22 RMM 13.75p “ Bailed out, My £10,000 investment was worth £2200 upon selling - yes a massive loss of £7800
money which i really need.’

16/11/22 JOUL 9.22p “ I invested in Joules based on that pillock Simon Thompson FT/investors chronicle idiot and iv lost a lot - nearly £20k”

So why are you posting here?

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Trek

“like yesterday,petrofac,was all over it,but not today,quiet as a mouse”

I think it’s coz they were demoted from the FTSE250- line 383

http://www.stockchallenge.co.uk/ftse.php

See Samantha’s predictions top right. Pretty good! Useful spreadsheet that one!

Usual caveats

Trek