Member Info for TrekMadone

‘ RM on fire ‘

More like he can’t help ‘singing’ when in front of a camera!

I wish he put the ‘slight spot discount’ data and the ‘15%’ in the RNS rather than again leaking sensitive info via an interview for ffs!

He then quotes main market DD you couldn’t make it up!

It would defo of helped had that info been released via RNS.

Oh well fingers on the button everyone!

Usual caveats

Trek

It sure is in place for a while Lukee,

But they may or may not pick up more stock.

It all depends on a variety of factors. I think cable is a pivotal one.

“ The Company believes that the current volatility and general weakness of the market combined with the strength of the U.S. dollar versus the Great British pound represents an opportunity to create value for shareholders. Under the Programme, the Company, at its discretion and on occasion, may purchase its Shares in open market transactions depending on market conditions, share price, trading volume and other factors. ”

I like that they have left the market guessing!

Usual caveats

Trek

That’s what we wanted ‘large differed publication order’

NOT advice but looking at the UT there MAY be an opportunity to grab some cheap at the bell tomorrow unless the MM has closed the books.

I have been fortunate many times in the past to catch ‘em napping but there may not be a window here after todays volume.

Worth a try though!

Usual caveats

Trek

None since 28th October.

DEC gave Stifel a remit, the terms of which we don’t known but the buyback was deemed vfm to take advantage of ‘cable’, the $/£ exchange rate. As Stirling was v weak against USD.

If you look at the fx chart the exchange rate has improved in favour of GBP since the 28th October.

It may be that Stifel are only buyers when the rate is more favourable.

https://www.macrotrends.net/2549/pound-dollar-exchange-rate-historical-chart

All guess work of course! But we haven’t been told they have stopped they just haven’t bought any interestingly since the TVR notification.

Usual caveats

Trek

Hfb,

“ The thresholds are fot the buyer and seller , not the company”

That bit is correct but it’s the issuers registered office that determines the notification threshold. In this case the issue is GCAT.

“ How to make a shareholding notification to an issuer whose shares are admitted to trading on a UK regulated market
Shareholders and holders of financial instruments falling within DTR 5.3.1R(1) should inform an issuer whose shares are admitted to trading on a UK regulated market (such as the Main Market of the London Stock Exchange) by emailing/forwarding the issuer a downloaded copy of the electronic TR-1 Form (DOC) obtainable once the submission to the FCA has been completed on the ESS.”

https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/shareholding-notification-disclosure

You will notice that in the above link there are exceptions where the FCA deems a domicile to be sufficiently regulated like USA, Canada etc…

As well as box 1a saying who the issuer is here is another definition….

“ What Is an Issuer?

An issuer is a legal entity that develops, registers and sells securities to finance its operations. Issuers may be corporations, investment trusts, or domestic or foreign governments. Issuers are legally responsible for the obligations of the issue and for reporting financial conditions, material developments and any other operational activities as required by the regulations of their jurisdictions.

Understanding Issuers

Issuers most frequently make available the following types of securities: common and preferred stocks, bonds, notes, debentures, bills and derivatives….. ”

https://www.investopedia.com/terms/i/issuer.asp

So the issuer is GCAT as they issue the stock. The buyer or seller of the stock notify the issuer when they cross the thresholds set by the DTR in my earlier link.

Hope that helps

UT at 744, disappointing but given the ‘muted rise’ we should be in for another good day tomorrow. Had we gone to 1p today I would be concerned. Under 8 still offers a huge bargain imo that’s only available because of a seller.

Usual caveats

Trek

Seems to be some confusion here.

The issuer is GCAT…

Look at box 1a…

“ 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: = GCAT”

If they are non UK then they put an x in box 1b

“ 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)”

You note it’s blank…

https://www.lse.co.uk/rns/GCAT/holdings-in-company-3ichqslnoq28x3a.html

So it’s a UK issuer, that is the stock issue is GCAT and is UK.

The threshold is therefore 3% and each full 1% crossing thereafter

“ From FCA handbook....DTR 5.1.2 sub para 1

“(1) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% (or in the case of a non-UK issuer on the basis of thresholds at 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%) as a result of an acquisition or disposal of shares or financial instruments falling within DTR 5.3.1 R“

https://www.handbook.fca.org.uk/handbook/DTR/5/

Non uk is 5% but as the issuer is GCAT the notification is 3% then each 1% crossing. So the next and final notice from GOldplat assuming they are selling out will be below 3% when they will say they no longer hold a notifiable position in the stock.

The notice period is the next full working day.

So it’s highly likely we get a TR1 tomorrow or Thursday.

You will, however, be amazed at how many TR1’s are incorrectly completed!

Usual caveats

Trek

Sold a few to buy back after divi. I don’t know if it will work or not.

Theory is if I buy back same number of shares for less I get a lower average and have the cash if it drops that is.

If it doesn’t I still in for 45%.

Usual caveats

Trek

Another 1m buy just gone through on 8 dead

Trek

More in the hopper now. 1.2m most can buy for 8 flat. Same as 500k. +1.2m is NT on ii.

Goldplat are dripping stock in to get a good price.

It goes NT after a mill is sold then they top up.

Not sure how long this game will last but 8 close today looking nailed on.

Just want the volume to clear then ‘coincidentally’ release the drill results that pretty obviously would have been used as part of the leverage for financing. I mean you ain’t gonna hand over money if the next lot was dust would you!

Usual caveats

Trek

Not quite, still 74/77 on ii but for smaller amounts.

Need goldplat broker to fill that hopper up!

Can’t buy larger amounts, 500’s NT, ii!

Usual caveats

Trek

400k is the most you can buy atm.

I just took the last 1m at 7664.

450k is NT

8 finish imo.

Usual caveats

Trek

Price subdued today as likely goldplat selling into the rise.

The old adage of going short on finance and long on ops looks to be playing out now!

We have had the finance news, next will be the ops news released into a reduced selling pool.

35% up today is just a start imo - bigger rises to come when we see the drill results that have likely been confidentially shared to secure finance.

I am not surprised or concerned at the lack of detail released about the finance package. It’s not unusual to keep terms confidential. I see it all the time in the Pharma space. Indeed OCIM may be arranging other finance packages so they may want to keep their cards close.

The main thing is we have hard currency and a LoM + productivity that should at some point see us through to self funding.

Long on ops now and brighter days ahead imo!

Usual caveats

Trek

Well the detail has been withheld so we will have to await accounts. Also note now March for 24k.

But the money is now there. It’s about productivity and payback. BoD need to focus on getting production up and clearing debt so we are self funded.

This deal obviously enables that trajectory.

Lights on folk getting paid and now a future!

Usual caveats

Trek

BELL - also on up. Seems a few pharma stocks bouncing atm. Mostly off lows.

Avoid the sector still though imo. There is a long long way to go so plenty of time before deciding and then only the ones with cash that have weathered the storm like ERGO, AVCT, 4BB etc

Anyone into the 1 trade Bllox lots at CAML this morning! Lol!

Usual caveats

Trek

Look at YU group RNS - stonking! Further to go there.

I sold some SEPL at the obvious opening dip today and just bought em back cheaper! I have traded my average down from +120 to 105 there. Still more to do but will be well placed for the ‘inevitable’ bounce lol! OPEC next week!

GENF about to explode! I used to hold, doh, same as SBTX a while ago (ageing process relief). I am sticking with income for now though. But GENF is being well ramped if you want a quick in and out.

VRCI - oversold on the bounce.

COBR be aware.. its all spread.

Anyone bought PAY it will creep up before xd on 2nd Dec. I am there for long term so not bothered but if you have concerns sell half before xd and buy the same amount after. That will likely give you the same cash and poss a better average SP depending when you bought.

Usual caveats

Trek

Sold at the China covid dip at the opening bell today and just bought them back cheap! Saved a few bob and got the average down again!

Trek

Hi itsyou,

Yes you are correct they only refer to cash.

I note the warrant structure and need for further cash at TRX as well back in May (from section 21 - liquidity risk) They were in a ‘similar position then to us now. Fact of life with these early stage companies.

https://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00008194&issuerType=03&projectNo=03409340&docId=5242625

They went from 4.5m to 10m cash May-Oct yet the Sp has come off. Would expect them to recover now.

Also note SHG have further excellent results today. Their t/o offer was rejected and still the sp struggles to get back through 10p. Likewise the ggp ‘darling’ is being battered even with all their prospects.

Really looks like the sector is on its knees against all the physical buying. Putting rates up during a recession defo not helping but surely something will give soon!

Usual caveats

Trek

Rising covid cases, mass gatherings, more suppression.
Rising covid cases, mass gatherings, more suppression.
Rising covid cases, mass gatherings, more suppression.

Mmmm

Trek

Hi JC,

Undeniably the numbers come out well!

But it is interesting to note the drift on TRX sp even with increased production, amazing AISC and secure finance!

All said though there is a gap for GCAT to close!

https://www.google.com/finance/quote/TNX:TSE?window=1Y&comparison=LON%3AGCAT

It makes one wonder what the likes of TRX have to do! Takes me back to my earlier post about Central Banks buying more physical gold now than at any other time in the ‘modern era’!

Physical supply and demand will imo be the catalyst and that imo is happening now! Prices will turn.

Usual caveats

Trek

Great little vid on US-China ‘chip war’. Denying China semi-conductor tech is like asking them to make candyfloss without sugar!

https://youtu.be/1AvnmkeHUuo

Usual caveats

Trek