Member Info for TrekMadone

Imo The kingdom will buy if not there will be other interested sovereign wealth funds esp for a lump transfer.

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Trek

It should climb back to 30p TA wise . The rsi14 went way oversold down below 20!. Further than I expected hence my sub 30p buys were premature but they are back in profit now following this bounce.

This will likely pull back tomorrow if no news so there may be another buying opportunity.

I took 5k just before the close yesterday as anything more was NT so I am not surprised to see this bounce as the sp moves up and down disproportionately on low vols.

With news so close though this could be the last chance to build a position sub 30p.

Whilst the BoD is 100% aiming for non dilutive funding always imo be prepared for surprises. Remember the articles of association allow for dilution so whilst it’s not purported it’s still an elected option albeit as a fallback.

All said with 10m cash (slightly less now after run rate) they still have plenty of funds and even a small 10-20m interim raise will make an exceptional ops difference whilst they get the rest away.

Weaker USD, huge infrastructure spend, electrification, lower Cu inventories, Ukraine eventually rebuilding etc copper imo has already touched the nadir!

With a US postcode, poly metals and more than one mine with huge expo upside and so few shares in issue you will be pushed to find a better leveraged copper play imo.

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Trek

Here’s the link. It doesn’t come up right away.

https://www.proactiveinvestors.co.uk/companies/news/992303/touchstone-exploration-present-at-the-proactive-one2one-investor-forum-september-8th-2022-992303.html

Trek

Yep I am blue as well. I have traded down well here grabbing more on the last dip.

Gotta have a think now as am very top heavy GCAT but I think we are due a run to the 9’s and even a penny!

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Trek

I put my ‘last’ tranche in at the bell today. Now blue overall!

That makes a change!

Trek

Great to see…

https://wchstv.com/news/local/company-to-the-rescue-diversified-energy-steps-up-fixes-washed-out-kanawha-road

Trek

I guess the SP decline is the acknowledgement that finance is needed. Not that it’s a surprise but I note RMM today have said as much and they are down 45%.

It’s a similar outcome here just a different journey.

Once they resolve the finance then we should rerate north but for now the market is not convinced in spite of the CEO’s on the record confidence.

The commodity bounce today has passed us by. Possibly even taken money away!

Let’s hope these timescales are adhered to - something that small cap CEO’s are not often very good at!

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Trek

Well about flipping time. I mean what’s the point in all this TA if the SP goes the opposite way!

Back to 20p soon imo

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Trek

Flipping eck Mick, talk about unfortunate timing!

I just read the RMM RNS I mean they have done a smash and grab without the grab!

There must be a reason for that madness other than just raising cash but I think I will just watch from the sidelines

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Trek

Hi nom,

I like PXC for speculation, polymetallic explorer mostly copper. SP trashed atm but non dilutive funding via bonds first tranche to be announced in a few weeks.

Only 122m shares 26m mcap and based in USA. Employees, have actually sold and bought properties to be near the mine! Going to be a busy sept for news with drill results and finance. There’s more to story. I sold a chunk and bought back cheaper. Also added a few pXC and at CAML today ..

CAML, 398m mcap, 176m shares, copper and Zinc…. Paying 9% divi, are now very likely debt free as of 1st Sept but not announced to market yet as results are out on 14th Sept. They have mine in Kazakhstan and Macedonia so if when Ukraine starts rebuilding they are right next door! Obviously trading with a risk discount but divi is 1.77x covered and when debt is clear they will have cash for a special or acquisition.

Both PXC and CAML are relatively unknown which is also a bonus going by some of these BB’s!

Good luck with your investments

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Trek

I said The Kingdom were likely still buying.

SP was oversold at 600 imo.

RSI14 below 40 is buy and sell above 50. Easy side bet imo for those looking for a TA reason to take advantage of the sp oscillations here.

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Trek

Receiver called in but…No buyers at asking price…hardly surprising!

‘ Reuters reported in July, citing sources, that Evergrande was looking to sell its Hong Kong HQ via a tendering process and that the sale proceeds would be used to repay offshore creditors as part of the debt restructuring plan.

However, one person familiar with the situation said on Thursday that during the July sale about three bidders had offered less than the $1.27bn valuation, and that the bid was too low for Evergrande to accept.

Evergrande missed a self-imposed deadline to provide a detailed restructuring proposal by the end of July. It said in an update that month that the due diligence process was continuing, and it expected the work to be completed in the near future, with an aim to announce a specific plan in 2022.’

https://www.theguardian.com/business/2022/sep/08/evergrande-lenders-appoint-receiver-hong-kong-hq-china-developer?utm_term=631af10b96b7f3d28de4d4c0609f1fce&utm_campaign=BusinessToday&utm_source=esp&utm_medium=Email&CMP=bustoday_email

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Trek

Hi iPhone,

O/T as well as here I hold CAML. Check em out. 9% divi, debt free as of now but not in numbers yet. Results out 14th sept.

I am holding but you could probably sell the news there.

If Ukraine war hopefully ends soon metals will go nuts and CAML are next door with copper and zinc!

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Trek

Upbeat vid - obviously bias but still…..

https://youtu.be/lof0W36s-EA

Russia’s gas dilemma…. Wonder if the vid above is what in part forced Putin to switch off nord

https://youtu.be/D3r2xE6Kv88

Joe Blogs on Russian economy….he compares numbers before and after invasion. I like data!

2/3rds of trade impacted, even if the void is filled elsewhere will still leave huge gap!

Not having access to micro chips could end up being huge!

Very good vid, worth even a skip through!

https://youtu.be/5XMrGlP6FcI

And China’s August trade numbers…$22bn drop in balance of trade on July! GDP down 2.6% and debt to GDP up significantly (no surprise give real estate) yoy!

https://youtu.be/EJ7HSDSIW2U

When you add all this up it’s no wonder POO is down! I posted on DEC a while back about demand destruction concerns, (gas) as some folk thought the hedging was a missed upside opportunity! Lol! Glad the downside there is hedged and divi is well protected!

But all said end war in Ukraine, end lockdowns in China, move energy away from HC’s and things can turn very quickly. Worth tucking away some copper at these firesale prices imo esp as stockpiles are falling off a cliff!

http://www.kitcometals.com/charts/copper_historical.html

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Trek

Results are 14th Sept. Could be pretty upbeat even with Cu sub 3.6!

Atm Mr market only seems to listen to finance!

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Trek

I don’t understand how they are doing all this work and paying all these staff if they don’t have any money!

Perhaps I need to look up rhetorical! Lol!

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Trek

It’s not all bad nom,

Looks like herdmentality has had all his/her/Q/non binary posts removed! Or is that a conspiracy?

I mean I like a challenge but ffs it was getting ridiculous and I was about to email LSE as just got back in and noticed the vacuum! But hey looks like someone beat me to it!

Own up and you can have a pic of my jubilee mug and coin!

Not a royalist myself but not against neither. If they all conducted themselves like our queen I’d be more in favour!

Not that I am the best placed to criticise as I don’t know the names other than the couple that are always on the front pages asking for folk to respect their privacy!

Anyways best wishes to the queen. A woman of faith and an inspiration to all!

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Trek

Pity I was out early today as I would have taken advantage of spike and bought back grabbing a few extra shares.

Even if they can get $10-20m away that will be plenty to build on operational momentum whilst more buyers come through.

This could be one of those opportunities that one could rue in a years time of so. Whilst it’s defo not an all-in scenario it sure is one which could be worth averaging buys in over time at these prices.

US will be spending its way outta recession and they have legislated preferences for domestic resources. We have a mining friendly state and a team that have moved to be closer to the mine.

Just gotta keep a foot in the door here and build back up from there. At least that’s my plan now.

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Trek

This is what the market wants to hear…..

‘ "Finally, the corporate copper bond issue launched in June has attracted considerable interest from potential investors, given the positive long-term outlook for copper demand. Despite a difficult market, an initial tranche is expected to complete in the next few weeks, which will enable us to accelerate the ongoing development of Empire and the surrounding mineralized district, including placing orders for long lead-time items of equipment, and appropriate preparatory work on our patented land. I look forward to providing our shareholders with further updates regarding the bond issue as appropriate."’

Considerable interest & Complete first tranche in next few weeks. Hopefully another RNS then!

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Trek

I agree with DEC I have a significant % of my pf there as DEC is hedged to downside risks. I have posted lots there.

I also have a similar position in SEPL. They have so much cash and will imo be debt free soon. Don’t see their divi being cut at any oil price now. More likely to be increased.

Both those are quarterly

Also PHNX at 600p ish is good value at around 8.3%. Divi gone up every year for more than 5 years. Well covered and inflationary v low risk.

CAML will be debt free about now. Riskier as copper and zinc but divi well covered at +9%…

I like PAY but I am in lower. Still good quarterly yield if you can get in near 600p.

Ding bother with incomes from funds, ETF’s, trusts etc… the commission is cost prohibitive, not as flexible as well. Better off diy!

Reckon GLO would be 300p now if it wasn’t for these plonkers selling out cheap!

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Trek